News Archive - 14 November 2016

Government Gives ‘Free Iranian Sailors Campaign’ Cold Shoulder

A new online campaign has once again turned heads to Iranian sailors who were abducted aboard a fishing boat by Somali pirates some two years ago. The campaign gathering momentum on Twitter and Facebook is collecting signatures for a letter addressed to Iranian Foreign Minister Javad Zarif, urging him...

Tehran’s newspapers on Sunday 23rd of Aban 1395; November 13th, 2016

Sunday, 23rd of Aban – November 13th, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -Riots in US Riots in the US against the result of the presidential election have spread to different cities and, based on reports, the first protester has been killed in Portland.   -Saudi...

Exclusive: IDG in advanced talks to sell itself to Chinese buyout group: sources

>SAN FRANCISCO International Data Group, a pioneer in technology publishing and owner of such venerable names as PCWorld and the market research firm IDC, is in talks to sell itself for more than $1 billion to a Chinese investor group headed by IDG of Greater China chairman Hugo Shong, according...

U.S. should consider Beijing-backed Asia-Pacific trade deal: China paper

>During his election campaign, Trump took a protectionist stance on trade issues and labeled the Trans-Pacific Partnership (TPP) championed by President Barack Obama a "disaster". There is now little chance of it coming up for vote in Washington before his inauguration in January.Obama had framed the TPP, which excludes...

Giuliani is a leading candidate to be Trump's secretary of state: source

>The source said John Bolton, who served as U.S. ambassador to the United Nations under President George W. Bush, was also under consideration to head the State Department.Besides Giuliani and Bolton, former U.S. House of Representatives Speaker Newt Gingrich has also been reported as a possible secretary...

Canada unfazed by U.S. competition for infrastructure funds

>TORONTO Canada is not worried about competing with the United States to draw private investment in infrastructure, Prime Minister Justin Trudeau said on Monday, adding that the country's long-term stability is attractive to investors. Canada's government said this month it would set up an infrastructure bank and give it access...

Oil prices rise on falling shale output, renewed hopes of OPEC cut

>SINGAPORE U.S. oil prices rose on Tuesday to move away from a nearly two-month low struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.U.S. crude futures for December delivery CLc1 had climbed 41...

Thousands of students carry protests against Trump into second week

>SAN FRANCISCO Demonstrations protesting the U.S. presidential election victory of Republican Donald Trump entered their second week on Monday, with thousands of students chanting phrases like "Not My President" after walking out of classes across the country.The latest protests came as critics slammed Trump's selection of right-wing firebrand...

U.S. Rep. Brady to push free trade deals with Trump administration

>WASHINGTON U.S. House Ways and Means Committee Chairman Kevin Brady said on Monday he will continue to promote the benefits of free trade agreements with President-elect Donald Trump, including those offered under the Obama administration's Asian free trade deal.Brady, a Republican, who described himself as a "champion of...

Trump's team seeks top-secret clearance for his children: CBS News

>Daughter Ivanka, sons Eric and Donald Jr. and son-in-law Jared Kushner were close advisers to Trump's campaign and are part of his transition team announced on Friday. The CBS report did not specify for which Trump children top-secret clearance was being sought. (Reporting by Mohammad Zargham; Editing by David Alexander)...

Trump could return Iraq war boosters to power

>WASHINGTON Despite his professed opposition to the 2003 U.S. invasion of Iraq, President-elect Donald Trump is considering several of the major advocates of that war for top national security posts in his administration, according to Republican officials.Among those who could find places on Trump's team are former top...

Hague prosecutors say U.S. forces may have committed war crimes

>AMSTERDAM Prosecutors at the International Criminal Court in The Hague said on Monday there were preliminary grounds to believe U.S. forces committed war crimes in Afghanistan and at secret detention facilities elsewhere in 2003 and 2004.In a report, prosecutors said there was a "reasonable basis to believe" that...

Snowden warns of increase in U.S. domestic spying after Trump victory

>BUENOS AIRES Donald Trump's election as U.S. president raises concern that Washington may increase the intrusiveness of domestic intelligence gathering, former U.S. spy agency contractor Edward Snowden said on Monday, warning that democratic checks and balances were losing ground to authoritarianism.Snowden lives in Moscow under an asylum...

Google says working on policy update to restrict ads on fake news sites

>Alphabet Inc's (GOOGL.O) Google said on Monday it is working on a policy update to restrict its ads from being placed on fake news sites as concerns mount about the rapid spread of inaccurate information online.The policy change is imminent, Google spokeswoman Andrea Faville told Reuters."Moving forward,...

Canada airliner swerves to avoid object near Toronto; two hurt

>OTTAWA/MONTREAL A Canadian airliner with 54 passengers on board had to swerve to avoid an unmanned flying object near Toronto early on Monday, slightly injuring two cabin crew, in the most serious case of its kind in Canada, officials said.The Porter Airlines Bombardier Q400 plane, which took off from...

Warren Buffett's Berkshire makes bet on U.S. airlines

>NEW YORK Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Monday said it has bought shares in the four biggest U.S. airlines: American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N), Southwest Airlines Co (LUV.N) and United Continental Holdings Inc (UAL.N).In a regulatory...

Apple stock extends losses after China warning about Trump

>SAN FRANCISCO Apple's (AAPL.O) stock extended recent losses on Monday after a warning that iPhone sales could suffer if President-elect Donald Trump follows through on campaign threats to impose new tariffs on China.Apple is among several major technology stocks, including Amazon.com (AMZN.O), Facebook (FB.O) and...

Reynolds American rejects BAT's $47 billion takeover offer: source

>U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting its $47 billion takeover offer, a source familiar with the situation told Reuters. Last month, British American Tobacco, which already owns 42 percent of Reynolds American, offered to buy the remaining...

Oil and gas mogul Hamm tops Trump short-list for U.S. energy secretary: sources

>NEW YORK Continental Resources Chief Executive Harold Hamm is at the top of President-elect Donald Trump's list to serve as energy secretary, according to U.S. Representative Kevin Cramer of North Dakota, a Trump energy adviser who confirmed he is also under consideration for the job."In my view, Harold...

Putin, Trump speak by phone, aim for 'constructive cooperation': Kremlin

>MOSCOW Russian President Vladimir Putin and U.S. President-elect Donald Trump on Monday agreed to work toward "constructive cooperation", including on fighting terrorism, the Kremlin said.In their first phone call since Trump won the Nov. 8 election, they agreed to "channel" relations between Russia and the United States and...

U.S. internet firms ask Trump to support encryption, ease regulations

>WASHINGTON U.S. internet companies including Facebook Inc and Amazon Inc have sent President-elect Donald Trump a detailed list of their policy priorities, which includes promoting strong encryption, immigration reform and maintaining liability protections from content that users share on their platforms.The letter sent on Monday by the Internet...

New Zealand evacuates quake-hit town, fears of Wellington building collapse

>WELLINGTON New Zealand emergency services and defense personnel began evacuating hundreds of tourists and residents from the South Island town of Kaikoura on Tuesday, a day after a powerful earthquake hit the region, killing two people.The 7.8-magnitude tremor, which struck just after midnight on Sunday, destroyed historic farm...

Fed will raise rates in 'near future,' Kaplan says

>WICHITA FALLS, Tex. Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing back. Since Republican Donald Trump was elected U.

Islamic State claims suicide attacks as Mosul campaign makes slow progress

>BAGHDAD Islamic State claimed a series of suicide attacks that killed at least 14 people south and west of Baghdad on Monday as a U.S.-backed campaign to capture Mosul, the insurgents' last urban stronghold in Iraq, made slow progress. The attacks showed that even though the jihadists have...

Asia stocks on back foot as dollar, Treasury yields rise

>The risks of faster-than-expected Federal Reserve rate increases have dragged on emerging market assets, particularly equities and currencies, which have benefited from large capital inflows.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was flat in early trades while Australian stocks were off 0.5 percent."The immediate driving...

GE buys inventory software company for $915 million

>GE said the deal was part of GE Digital's strategy to advance its "Industrial Internet" vision. GE wants to connect machines using the internet, producing data that can improve productivity, reduce emissions and lower fuel costs. (Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)...

Exclusive: Audit of U.S. stress test ready, may aid Dodd Frank overhaul fight

>WASHINGTON A independent study of the financial costs and benefits of Wall Street 'stress tests' could be released as soon as Tuesday and may strengthen calls to reform U.S. banking rules, said sources familiar with the report.The Federal Reserve conducts a review each year of how the largest...

Perella Weinberg buys energy investment bank Tudor Pickering

>Terms of the deal, which is expected to close by the end of the year, were not disclosed.The combined company will have more than $12 billion in assets under management. Tudor, Pickering, Holt (TPH) will operate as a subsidiary of Perella Weinberg Partners and remain focused on the oil...

Lavrov and Kerry agree to continue consultations on Syria

>It said Lavrov told Kerry Washington had failed to stick to its pledge to encourage "moderate" Syrian rebels to separate themselves from "terrorist" groups in Aleppo. Lavrov also expressed "indignation" at the U.S. decision not to issue an entry visa to Kirsan Ilyumzhinov, the president of the World Chess...

U.S. inflation expectations flat, low in October: NY Fed survey

>The survey of consumer expectations, an increasingly influential gauge of prices for the U.S. central bank, found that inflation is expected to be identical one and three years into the future, according to the median.It found that year-ahead inflation expectations edged up to 2.6 percent last month.

Marketplace loan investors need borrower information: SEC

>SEC Chair Mary Jo White also said the top securities regulator is evaluating how and when distributed ledger systems such as blockchain will be "onboarded" in equity markets, as well as the appropriate disclosures automated investment advisory programs should make to clients. SEC Commissioner Michael Piwowar said the SEC's regional...

Under Trump, Israel can 'reset' Middle East, right-wing leader says

>JERUSALEM Donald Trump's election as the next U.S. president presents Israel with a unique opportunity to recast its Middle East policies, a far-right Israeli cabinet member and staunch opponent of Palestinian statehood, said on Monday.Naftali Bennett, leader of the religious-nationalist Jewish Home party and a staunch proponent of...

Asahi, others shortlisted in sale of AB InBev's east European beers: sources

>PRAGUE/LONDON Japanese brewer Asahi (2502.T) and a consortium led by Swiss investment firm Jacobs Holding have made it onto the shortlist of bidders for SABMiller's eastern European beer brands, sources familiar with the matter said.Anheuser-Busch InBev (ABI.BR), maker of Budweiser, Stella Artois and Corona beers, agreed to...

Syrian rebels battle each other north of Aleppo

>BEIRUT Syrian insurgents clashed in a town near the Turkish border on Monday as inter-rebel tensions spilled over, playing to President Bashar al-Assad's advantage with the government tightening its grip on rebel-held eastern Aleppo. The confrontation in Azaz pitted a prominent Free Syrian Army (FSA) rebel group, the Levant Front,...

Britain building contacts with President-elect Trump: PM's spokeswoman

>Farage met Trump on Saturday, the first British politician to visit the newly elected president of the United States, and suggested that he should become a "go-between" for the government and the U.S. administration. "We have established routes of engagement with the President-elect and his team. Our diplomatic staff...

Wall Street falls as tech drags; investors eye Trump policies

>Dow futures were higher on Monday, after the index capped off its best week since 2011 following Donald Trump's unexpected victory in the U.S. presidential election.S&P 500 and Nasdaq futures were little changed. Since Trump's triumph last Tuesday, investors have been betting on his campaign promises to simplify...

UniCredit, SocGen decline to comment on merger rumor

>Rumors about a possible merger between the French and Italian banks have been doing the rounds for several years and have re-emerged after Jean-Pierre Mustier, a former investment banking boss at SocGen, was appointed earlier this year to run UniCredit.This was highlighted on Monday by a report from Italian...

Election over, Congress pivots to lame-duck debate over spending

>WASHINGTON With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing.As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation...

Suicide bomber kills six near Iraq's Kerbala at start of Shi'ite ritual

>The bomber blew himself up in Ain al-Tamr after security forces killed five of his accomplices and surrounded him in a house, the ministry added. The attack came as Iraq's Shi'ite majority were preparing to mark Arbaeen on Monday - the end of a 40-day mourning period for Imam Hussein,...

Siemens to buy Mentor Graphics in $4.5 billion deal

>Siemens said on Monday it would pay $37.25 per share for Mentor - which makes software for designing semiconductors - a 21 percent premium to Friday's closing share price.Siemens has increasingly had to compete with software companies who can develop technology faster because they have a sole focus...

AIIB head says Trump may review U.S. snub for China-led bank

>"I have heard a certain senior official of the President Barack Obama speak good of the AIIB and after Donald Trump won, I was told that many in his team have an opinion that Obama was not right not to join the AIIB," AIIB president Jin Liqin said in an...

Samsung to buy car tech firm Harman for $8 billion, South Korea's biggest overseas deal

>Samsung said in a statement it will acquire Harman for $112.00 per share in cash, which represents a premium of 28 percent to Harman's Friday closing price. It said the deal would "give Samsung a significant presence in the large and rapidly growing market for connected technologies, particularly automotive...