News Archive - 7 January 2017
How Saeed Jalili’s Presidential Campaign Could Benefit Hassan Rouhani
These days, Saeed Jalili is advancing his presidential aspirations with clockwork precision; he knows what to say and which provinces to visit; and is trying to mobilize his target voter-base using a specific tactic. This means that Jalili has long finalized his decision to run and campaign on a...
HMD Global launches first Nokia smartphone
>The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj (NOKIA.HE) chose to sell its entire handset unit to Microsoft (MSFT.O).The new device, Nokia 6, runs on Google's (GOOGL.O) Android platform and is manufactured by Foxconn (2354.TW). It...
UK eyeing customs union access, work visas for some sectors: report
>Prime Minister Theresa May has so far said very little about her negotiating position for Brexit but she is due to lay out her thinking in a speech this month.Business leaders have called on May to avoid a 'hard Brexit' where the government prioritizes immigration controls over access to...
Anbang in talks with Kushner for New York building overhaul: source
>The talks to revitalize the 41-floor building located at 666 Fifth Avenue, were first reported by the New York Times on Saturday in an extensive article about Jared Kushner that detailed a November meeting between him and Anbang Chairman Wu Xiaohui days after Trump won the presidential election. The deal...
U.S. consular official shot in Mexico, in stable condition
>Mexican federal and state officials are investigating the incident, which occurred on Friday evening, the attorney general's office said in a statement. The U.S. Federal Bureau of Investigation is offering a reward of $20,000 for information that helps identify the shooter, the U.S. Embassy in Mexico said via...
New policies coming to America could take weight off Fed: Powell
>CHICAGO A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America's mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said.Powell, speaking on Saturday at a conference, did not mention the incoming...
Fuel truck blast kills dozens in north Syrian border town
>The Syrian Observatory for Human Rights said at least 48 people, mostly civilians, were killed when the tanker blew up in front of a courthouse in the northern Syrian town of Azaz.Around 14 of the dead were rebel fighters or courthouse guards, it said. Dozens more had severe injuries,...
Former PM Soares who ushered in democracy in Portugal dies at 92
>He was hospitalized on Dec. 13 and had mostly been in a coma since then. Once popularly known as "King" Soares for his regal manner, the founder of the Portuguese Socialist Party was premier three times and later spent a decade as the country's head of state."Today Portugal lost...
Fed's Powell says signs of financial excess are 'isolated'
>"Low rates can lead to excessive leverage and broadly unsustainable asset prices - things that we watch carefully for and do not observe at this point," Powell said in prepared remarks for an economics conference in Chicago.Powell, a financial specialist at the U.S. central bank who has a...
Iraq says deal reached over withdrawal of Turkish forces from Bashiqa
>Abadi met his Turkish counterpart Binali Yildirim in Baghdad. State television did not provide further details about the agreement over the town of Bashiqa, where Turkish forces have been stationed since before a recent offensive against Islamic State in northern Iraq.It said Turkey had pledged to "respect the sovereignty...
Iraqi forces close in on Tigris river in Mosul: military spokesman
>Advances in recent days, including Saturday's push to within several hundred metres of the Tigris, have included an unprecedented nighttime assault by elite forces and driven the militants out of several areas east of the river in what is their last major stronghold in Iraq.Counter-terrorism service (CTS) forces were...
Ivory Coast defence minister trapped in city as soldiers open fire
>BOUAKE, Ivory Coast Soldiers in Ivory Coast's second largest city, Bouake, opened fire on Saturday, trapping the defence minister inside a local official's house shortly after a deal to end two-day mutiny appeared to have been agreed, a Reuters witness said.The dramatic turn of events came just an hour...
Indonesia plans regulation to ensure bond dealers produce 'factual' research
>JAKARTA Indonesia is planning regulation to ensure primary bond dealers produce only "factual" research, senior government officials said, in a move that is likely to add to bankers' concerns about a growing backlash over negative investment commentary.The officials' remarks came after the Indonesian government cut its business ties with...
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