News Archive - 10 November 2016

Thursday, 20th of Aban – November 10th, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -US-Japan-South Korea joint military maneuver The two-day joint military maneuver by the US, Japan and South Korea against North Korea began despite Pyong Yang’s warnings.   -Russian naval ships ready to attack Aleppo...

>"Of course Iran's options are not limited but our hope and our desire and our preference is for the full implementation of the nuclear agreement, which is not bilateral for one side to be able to scrap," Foreign Minister Mohammad Javad Zarif said.President Barack Obama's outgoing administration touted the...

The surprise election of Donald Trump as the next US president has instantly raised new questions, as well as concerns, about the future of US-Iran relations. Will Trump act on his campaign promise of tearing the Iran nuclear deal, or will he limit himself to "revising" it? Will Trump...

>WASHINGTON U.S. President Barack Obama will host an awkward meeting with President-elect Donald Trump at the White House on Thursday in their first public step toward a peaceful transition of power after the Republican businessman's surprise election victory.The two men have had almost no one-on-one contact previously. Trump...

>The two companies are looking at options including the issuance of subordinated bonds by Japan Display to INCJ, the Journal reported, citing people with knowledge of the matter. INCJ owns a 35.58 percent stake in Japan Display, according to Thomson Reuters data.Japan Display's banks also are considering additional...

>LOS ANGELES/NEW YORK Officials in New York and Los Angeles on Thursday said they hoped President-elect Donald Trump would not follow through on a campaign promise to withhold federal funds from "sanctuary cities" that shield people who are in the country illegally.The nation's two largest cities have sharply limited...

>WASHINGTON/BEIJING The election of climate change skeptic Donald Trump as president is likely to end the U.S. leadership role in the international fight against global warming and may lead to the emergence of a new and unlikely champion: China.China worked closely with the administration of outgoing President Barack Obama to...

>WASHINGTON The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. That may mean the end of many of the...

>NEW YORK Biotechnology companies, whose U.S. shares soared Wednesday after Republican Donald Trump's presidential election, may soon see another benefit: an uptick in biotech M&A. A potential influx of foreign cash and improved stock valuations under the Trump administration would likely boost dealmaking in the industry, which has been...

>SHENZHEN, China Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said it racked up more than $5 billion in transactions in the first hour of its annual 'Singles' Day' sales blitz on Friday - a third more than in the first hour of last year's spree.The 24-hour event...

>A federal judge on Thursday directed Amazon.com Inc to set up a year-long process to reimburse parents whose children made in-app purchases without permission, but rejected a U.S. regulator's request for a $26.5 million lump-sum payout.U.S. District Judge John Coughenour, in Amazon's hometown of Seattle,...

>SAN DIEGO The U.S. judge overseeing a lawsuit against President-elect Donald Trump and his Trump University told both sides they would be wise to settle the case "given all else that's involved."Lawyers for the president-elect are squaring off against students who claim they were they were lured by...

>MAZAR-I-SHARIF, Afghanistan/BERLIN Militants rammed at least one car packed with explosives into a wall surrounding the German consulate in the northern Afghan city of Mazar-i-Sharif late on Thursday, killing several civilians and wounding scores of others, officials said.The Taliban claimed responsibility for the attack, saying it was in retaliation...

>SINGAPORE Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output.U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at...

The rabble-rouser Republican candidate will better serve interests of Iran than Hillary Clinton some analysts in Tehran believe.

Kaveh L. Afrasiabi

Bells have been tolling for Iran’s water crisis but there seems to be a nation-wide lack of interest. Foreign policy has also failed to take its own part.

Memories of former head-chef of presidential office shed some light, however dim, into the daily life in presidential office in downtown Tehran.

Ministers of culture and sports have resigned from their posts, while rumors about resignation of Rouhani’s minister of education are closer to reality than ever.

Friday prayers on October 21, 2016.

A case against Iran is threatening to pillage the country’s assets as compensation for terrorist attacks it denies any link to. What can Iran do?

>TOKYO Asian shares dipped while the dollar strengthened broadly on Friday as U.S. bond yields soared on expectations U.S. President-elect Donald Trump's policies would stoke inflation.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.2 percent, with Korean shares .KS11 off 0.5 percent. Australian...

>NEW YORK Shari Redstone, a controlling shareholder of Viacom Inc (VIAB.O) and CBS Corp (CBS.N), never wanted to separate the two media companies 10 years ago, she told attendees of The New York Times DealBook conference on Thursday. Shari Redstone and her father, Sumner Redstone control Viacom Inc...

>WASHINGTON Donald Trump's White House victory moves Apple, Pfizer, Microsoft and other big U.S. corporations much closer than they have been in years to winning a big tax break on $2.6 trillion in foreign profits.Tax reform is shaping up as among the most fruitful areas for cooperation...

>MANILA Philippine President Rodrigo Duterte said on Friday he would respect defense treaties with "friends" and "ally" the United States, but still wanted foreign troops to leave his country by the end of his term.Duterte spared the United States one of his trademark verbal lashings and took a more...

>Shares of the company, which also forecast current-quarter revenue above analysts' average estimate, were up 9.8 percent at $74.40 in after-hours trading on Thursday.Nvidia also increased its quarterly dividend to 14 cents per share from 11.5 cents per share and also authorized an additional $2 billion...

>Disney, whose shares were down 2.8 percent in after-hours trading, said the decrease at ESPN also reflected higher programing and production costs.Revenue in Disney's cable networks business, which includes the company's cash cow ESPN and the youth-focused Disney Channel, fell 6.8 percent to $3.96 billion. Analysts...

>WASHINGTON U.S. Democrats' liberal firebrand, Senator Elizabeth Warren, threw down the gauntlet to President-elect Donald Trump on Thursday, telling labor union members there are financial and social issues where her party will fight him and continuing to blast the Republican.Battling bigotry is the first job for Democrats after...

>MOSCOW The Kremlin said on Thursday U.S. President-elect Donald Trump's foreign policy approach was "phenomenally close" to that of President Vladimir Putin, giving Russia hope that tattered U.S.-Russia relations could gradually be improved.Kremlin spokesman Dmitry Peskov, speaking in New York, said he saw incredible similarities between...

>LISBON Hyperloop One, which is developing a futuristic high-speed transport system, aims to raise hundreds of millions of dollars of fresh capital next year after a first full-scale test that could secure firm orders from clients, its founders said.The founders of Hyperloop One, which uses magnets to levitate pods...

>This gap in October 2015 was $137 billion, according to Treasury's monthly budget statement.Analysts polled by Reuters had expected an $80 billion budget deficit for last month. When accounting for calendar adjustments, October would have shown an $84 billion deficit compared to an adjusted $88 billion deficit in the...

>Goldman Sachs Group Inc CEO Lloyd Blankfein said the surprising U.S. election results show "democracy at work" and could bode well for the firm and its clients, in a voicemail to employees on Wednesday. "Change is often the agent of progress in ways that we can't always readily see...

>ST. LOUIS U.S. President-elect Donald Trump and Fed Chair Janet Yellen may emerge as unlikely allies as the incoming administration moves toward policies Federal Reserve officials have long advocated and the Fed contemplates a “high-pressure” economy to try to boost jobs and wages, at least in the short term.

>NEW YORK Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street, and it's Donald Trump. All new U.S. President-elects are closely monitored by the financial community for clues about what their policies mean for markets. But Trump's...

>NEW YORK Some of the most controversial proposals Donald Trump made while running for U.S. president were gone from his campaign website by Thursday, including his call to ban Muslims from entering the country and his promise to cancel the Paris Climate Agreement.The link to his Dec. 7...

>ConocoPhillips (COP.N), the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said on Thursday.The moves highlighted not only the energy industry's increasing push...

>LONDON From construction companies in Spain to copper traders in London's financial district, Donald Trump's victory in the U.S. presidential election is being felt around the world as investors bet on a lasting rise in global inflation.If Trump delivers on his pledge to give the U.S. economy...

>A senior person on President-elect Donald Trump's transition team contacted JPMorgan Chase & Co Chief Executive Jamie Dimon to see if he would be interested in being U.S. Treasury secretary, a person familiar with the matter said on Thursday.It is unclear how Dimon responded, said the person, who...

>Two days after Trump won election on a campaign marked by an anti-trade message, IMF spokesman Gerry Rice said it was too early to say whether Trump's trade and international economic policies would be damaging to global growth. "It's too early to speculate," Rice told a regular news briefing. "We...

>BRUSSELS Google's Android mobile operating system boosts competition rather than hurts it, the company's general counsel said on Thursday, in a rebuttal of EU antitrust charges that it uses the platform to crush rivals.The comments by Google general counsel Kent Walker on a blog came a week after the...

>Russia's Roskomnadzor communications watchdog has said LinkedIn, which has more than 6 million registered users in Russia, was violating a law requiring websites which store the personal data of Russian citizens to do so on Russian servers.Moscow has said the law, introduced in 2014 but never previously enforced, is...

>MOSCOW The Russian government was in touch with members of President-elect Donald Trump's political team during the U.S. election campaign and knows most of his entourage, one of Russia's most senior diplomats told the Interfax news agency on Thursday.Accused by defeated Democratic contender Hillary Clinton of being a...

>Bullard said the potential positives from Tuesday's outcome, including the possibility of regulatory reform and a boost to growth through new infrastructure spending, for now outweighed any concern about volatility in financial markets surrounding President-elect Donald Trump's surprise victory. "It is not a level of volatility that is troubling ... It...

>LJUBLJANA Household appliances maker Gorenje (GORE.LJ) said on Thursday that Panasonic (6752.T), which looked at making a bid for the Slovenian company earlier this year, had decided against a takeover deal."After considering market conditions, Gorenje's present ownership structure and an analysis of due diligence results we decided...

>The 700 MHz band (694-790 MHz), currently widely used for digital television signals and wireless microphones, can penetrate buildings and walls easily and cover larger geographic areas with less infrastructure than frequencies in higher bands.The EU hopes that the new allocation of the 700 MHz band will facilitate the...

>Adobe's $14 per share cash offer represents an 82.5 percent premium to TubeMogul's Wednesday close.Shares of TubeMogul, which allows advertisers to buy video ad space using its software, jumped to $13.95 in early trading on Thursday.The deal will help Adobe add an ad buying platform to...

>Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 254,000 for the week ended Nov. 5, the Labor Department said on Thursday. Claims for the prior week were unrevised.It was the 88th consecutive week that claims remained below 300,000, a threshold associated with a healthy labor...

>"I think people should move on from the Fed and talk more about the other policies that will change rather quickly," adviser David Malpass said in an interview with CNBC.Malpass, a Treasury and State Department official during the presidential administrations of Ronald Reagan and George H.W. Bush, said...

>The Dow Jones industrial average hit a record intraday high on Thursday as investors bet that President-elect Donald Trump would lead a shift away from austerity policies.Investors are seeing Trump's policies such higher defense and infrastructure spending, tax cuts and deregulation of banks and as being more business-friendly than...

>If the company bought shares at Wednesday's closing price of $51.28, it would be able to repurchase about 58 million shares, according to Reuters calculation.MetLife has about 1.1 billion shares outstanding. MetLife's stock was up 2 percent at $52.30 in light premarket trading on Thursday. Up...

>Evgeny Yelin said Russia was aiming at receiving up to 500 billion rubles ($7.9 billion) from privatization program in 2017. ($1 = 63.5540 rubles) (Reporting by Elena Fabrichnaya; Writing by Andrey Ostroukh; editing by VLadimir Soldatkin)...

>The Dolan family, who sold Cablevision last year, has acquired a data analytics company as it seeks to build a business helping media companies better measure their audiences and target advertisements to individual viewers.The family announced this week it had launched Dolan Family Ventures to invest in data and...

>NEW YORK Republican President-elect Donald Trump vowed on the campaign trail to repeal Obamacare, but making good on that promise may be easier said than done.President Barack Obama's 2010 national healthcare reform law extended medical insurance to 25 million more people by expanding the Medicaid plan for the poor...

>MUMBAI India's $100-billion steel-to-software Tata conglomerate sharply escalated a battle with its ousted chairman Cyrus Mistry, sacking him as head of the group's flagship business and blaming him for nearly pushing the group holding firm into losses.Tata Consultancy Services (TCS) (TCS.NS), India's No. 1 software services firm by...

>The United Nations sent a four-part humanitarian plan to all parties to the conflict several days ago, covering delivery of food and medical supplies, medical evacuations and access for health workers, and Egeland said he was hopeful of a deal. "I do believe we will be able to avert mass...

>Hong Kong's South China Morning Post said that Trump's national security adviser, James Woolsey, called the Obama's administration’s opposition to the formation of the AIIB “a strategic mistake” in a letter to the newspaper. Woolsey wrote that he hoped the Trump response to the “One Road, One Belt” initiative would...

>($1 = 0.9177 euros) (Reporting by Giulia Segreti)...

>TOKYO The Bank of Japan has little room left to expand stimulus with a cut to around minus 0.5 percent the limit to how much further it can deepen negative interest rates, Hideo Hayakawa, a former senior central bank executive, said on Thursday.Hayakawa, who retains close contact with...

>LONDON The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency said on Thursday. In its monthly oil market report, the group said global supply rose by 800,000 barrels...

>ROME World food prices edged up in October to continue an upward trend since January, the United Nations food agency said on Thursday, adding that prospects for global cereal output had improved. Barring a slight dip in July, the Food and Agriculture Organization's (FAO) food price index has steadily increased...

>CHICAGO/NEW YORK Demonstrators marched in cities across the United States on Wednesday to protest against Republican Donald Trump's surprise presidential election win, blasting his campaign rhetoric about immigrants, Muslims and other groups.In New York, thousands filled streets in midtown Manhattan as they made their way to Trump Tower, Trump's...

>Amnesty International said "up to six" people were found dead last month in the Shura and Qayyara sub-districts who security forces suspected of ties to the ultra-hardline jihadist group which seized a third of Iraqi territory in 2014."Men in federal police uniform have carried out multiple unlawful killings, apprehending...

>President-elect Donald Trump threatened to tear up trade deals and pursue a more unilateral foreign policy under his "America First" principle during a tempestuous election campaign.But China and other foreign governments are uncertain how much of Trump's rhetoric will be translated into policy because he has at times made...

>TOKYO The dollar hovered near a 3-1/2-month high versus the yen on Friday, after making big gains overnight as the markets prepared for a Donald Trump presidency that could stimulate the U.S. economy fiscally and lift interest rates.The U.S. currency dipped slightly to 106.610 yen JPY=...

>The alternative investment firm had set an aim in November 2015 of more than doubling its AUM over a period of seven years from $11 billion, a feat Ardhi believed would put it into the top tier of global investment companies.The acquisition of the debt-management business of Britain's 3i...

>The Munich-based group announced the move as it reported fourth-quarter profits that comfortably beat expectations but a cautious outlook for the current fiscal year as large orders dropped amid geopolitical uncertainty. Chief Executive Joe Kaeser said the timing and scope of a share placement would depend on the stock market...

>BAGHDAD A week after his tank division punched through Islamic State defenses on the southeast edge of Mosul, an Iraqi army colonel says the fight to drive the militants out of their urban stronghold is turning into a nightmare.Against a well-drilled, mobile and brutally effective enemy, exploiting the cover...

>CHARLOTTE, North Carolina - Donald Trump's promise to revive small town America faces a tough challenge in an economy that for decades has been wired to direct income and opportunities towards urban hubs and the better educated.Little in the president-elect's so far sketchy economic plans indicates the trend can...

>SAN FRANCISCO Shares of Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O) and other technology companies sank on Thursday as Wall Street sold them to pay for infrastructure names that could benefit from potential economic stimulus spending by U.S. President-elect Donald Trump.Before his unexpected victory in Tuesday's...