News Archive - 7 October 2016

Thursday, 15th of Mehr – October 6th, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -Al-Saud retreats from condition of Assad elimination Similar to John Kerry’s recent position, the Crown Prince of Saudi Arabia has also backed down from his country’s position regarding Assad’s elimination and stated that...

On October 6, 2016, the UN Security Council unanimously chose António Guterres to be the next Secretary General of the world organization. Late this month, the General Assembly will formally select Mr. Guterres to replace the outgoing Ban Ki-Moon as of January, 2017.   By all indications, this is an...

>SAN FRANCISCO A U.S. senator and civil groups critical of surveillance practices on Friday called on the government to release a 2015 order by a secret court directing Yahoo to scan all its users' incoming email, saying it appeared to involve new interpretations of at least two important legal...

>NEW YORK Democratic presidential candidate Hillary Clinton leads Republican rival Donald Trump by 5 percentage points among likely voters, roughly the same advantage she has held over the past several weeks, according to the Reuters/Ipsos national tracking poll released Friday.The Sept. 30-Oct. 6 opinion poll showed that 43 percent...

>WASHINGTON U.S. Treasury Secretary Jack Lew stressed the importance of adhering to a Group of 20 agreement to refrain from competitive currency devaluation in a meeting with his Japanese counterpart Taro Aso, the U.S. Treasury Department said on Friday."Secretary Lew underscored that the commitments made by the...

>Trump said in a statement that he would stay in New York "in debate prep" with Republican National Campaign chairman Reince Priebus, New Jersey Governor Chris Christie and Senator Jeff Sessions before flying to St. Louis on Sunday for the second presidential debate. (Reporting by Roberta Rampton; Editing by Sandra...

>NEW YORK The roughly month-long corporate earnings announcement season that kicks off on Wall Street next week coincides with the final, most intense stretch of the U.S. presidential campaign.If a particularly strong or weak batch of earnings were to tip the market in one direction, stocks could help...

>Onlookers cheered as Obama, who was a U.S. senator from Illinois prior to becoming president, entered the early-voting facility in downtown Chicago.A smiling Obama shook hands with the poll workers at the site and thanked them for their "outstanding work" before heading to an electronic voting machine."Now...

>Mylan NV on Friday said it will pay $465 million to settle the question of whether it underpaid U.S. government healthcare programs by misclassifying its EpiPen emergency allergy treatment.Mylan also lowered its 2016 earnings outlook, but it affirmed its 2018 forecast and shares of the company rose 11...

>TORONTO Canadian online gambling company Amaya Inc has received strong interest from other companies in the industry and some private equity firms, according to two sources familiar with the situation.Several bids have come in, and suitors include British bookmaker William Hill Plc and GVC Holdings Plc, a sports betting...

>In reaching the agreement with Oaktree, SunOpta said it has concluded the previously announced review of strategic alternatives for the company.The company's U.S.-listed shares were down 9.4 percent at $6.34, and its Toronto-listed shares were down 9.2 percent at C$8.40 in afternoon trading.

>Google's new "Pixel" smartphone is off to a fast marketing start with $3.2 million in television ads in two days since it announced the upcoming launch, and ad executives expect Google to spend hundreds of millions more to keep up with rivals Samsung Electronics(005930.KS) and Apple Inc (AAPL.

>"We have made progress on both (of the Fed's) mandates," Mester, who dissented with two other Fed officials at the September policy meeting, told reporters after a speech at an event organized by the Manhattan Institute. She said the case for a second rate increase, after the Fed raised interest...

>Draghi and other world financial leaders were attending a dinner in Washington on Thursday evening to discuss the global economy.In an apparent reference to a story on Bloomberg from Oct 4 on a consensus building in the ECB on tapering quantitative easing, Draghi told the G20 dinner it would...

>WASHINGTON World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth.Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that...

>MOSCOW Russia has built up its forces in Syria since a ceasefire collapsed in late September, sending in troops, planes and advanced missile systems, a Reuters analysis of publicly available tracking data shows.The data points to a doubling of supply runs by air and sea compared to the nearly...

>LONDON The U.S. economy's readiness -- or not -- for an interest rate rise is likely to once again take the global economic spotlight in the coming week, just a month before a hotly contested U.S. presidential election.Democratic candidate Hillary Clinton and Republican Donald Trump face off...

>Cleveland Fed President Loretta Mester, who sits on the central bank's communications committee, said the repeated message from the Fed that rate hikes are "data dependent" fails to accurately portray that such decisions are actually based on medium-term economic forecasts. "Our policy communications could benefit from further enhancements," Mester, a...

>NEW YORK Republican presidential candidate Donald Trump said on Friday that U.S. officials were allowing illegal immigrants into the United States so they can vote, returning to a core issue as he girded for a crucial second debate against Democrat Hillary Clinton."They're letting people pour into the country...

>"It's pretty close," Fischer said. The rate of job growth "is fully consistent with keeping unemployment declining" with a fixed labor force participation rate. (Reporting by Howard Schneider)...

>Wheeler proposed a sweeping reform plan in April and now may seek a final vote as early as later this month. Many businesses rely on the little special access lines to transmit large amounts of data quickly, for instance connecting banks to ATM machines or gasoline pump credit card readers.

>Cohn doesn't see this situation ending soon. "I don't think we're getting closer to the end," he said at the Institute of International Finance's 2016 annual membership meeting in Washington. Cohn also said that the U.S. banking system is in the "best shape it has ever, ever been by...

>DOHA/FRANKFURT Deutsche Bank has secured support from its largest shareholder and more German lawmakers as it grapples with a confidence crisis following U.S. authorities' demands for up to $14 billion to settle allegations it mis-sold mortgage-backed securities. Qatari investors who own the largest stake in Deutsche Bank do not...

>NEW YORK A federal appeals court on Friday reinstated a $120 million jury win for Apple Inc (AAPL.O) in a patent infringement case against Samsung (005930.KS), in another stunning twist in the fierce war over patents between the world's top smartphone manufacturers.The full slate of judges on...

>TORONTO Canadian Prime Minister Justin Trudeau said on Friday he was not overly worried about the fate of the North American Free Trade Agreement (NAFTA), even though both main U.S. presidential candidates have said they want changes to the deal.Trudeau side-stepped a question directly about the outcome of...

>Inventories dropped 0.2 percent during the month, the department said.A drop in inventory investment weighed heavily on economic growth in the second quarter, and some economists believe the inventory correction is close to running its course. But stocks have edged lower in the first two months of the...

>SAN FRANCISCO Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver behavior, Nauto said on Friday.Nauto Chief Executive Stefan Heck told Reuters the carmakers and insurer will integrate the technology into...

>The dollar index .DXY was last up 0.10 percent at 96.871, which was not too far below its highest level in over two months set earlier Friday. (Reporting by Richard Leong)...

>"It's a solid number," she said on CNBC of the jobs report, which showed nonfarm payrolls rose 156,000 in September, below the 175,000 expected by economists. "This is very consistent with what we expected to see."Mester noted that U.S. incomes continued to rise last month. "I think we're...

>NEW YORK Even with a good salary as a data scientist at a San Francisco technology firm, Yang Guo, 30, knew he couldn't afford a home in the Bay Area, among the priciest U.S. markets.He still wanted to own property in addition to stocks, however, and soon found...

>With the numbers rising quickly, different government agencies and committees differed on the total death toll. A Reuters tally of deaths reported by civil protection officials at a local level confirmed 478 had died.Haiti's central civil protection agency, which takes longer to collate numbers, said 271 people died because...

>Fourteen of the 15 primary dealers that responded to the poll forecast a rate hike at the U.S. central bank's December meeting. Primary dealers are the banks that do business directly with the Fed. This compared with 13 of 14 dealers in a similar poll done on Sept. 2...

>NEW DELHI Donald Trump sympathizes with India in its recent escalation of tensions with Pakistan and supports skilled immigration, an adviser said on Friday, portraying the U.S. presidential hopeful as a friend of India and Indian Americans.Trump, a real estate billionaire, has earned a reputation of hostility toward...

>NEW YORK Two groups that support far-reaching curbs on legal immigration to the United States and ideological screening of would-be immigrants to test their beliefs say Donald Trump's presidential campaign has consulted them on his immigration policy.NumbersUSA and the Center for Immigration Studies, which for years have denied accusations...

>WASHINGTON The National Rifle Association is on track for record spending this year on U.S. political campaigns, including Missouri's U.S. Senate race where a gun-owning Democrat is waging a tough fight against an incumbent Republican backed by the gun rights group.Democrat Jason Kander, an Afghanistan war veteran,...

>LONDON Sterling lost a tenth of its value in minutes on Friday, in what traders said was a "flash crash" driven by computer-initiated sell orders that left the pound at a fresh 31-year-low and heading for its worst week since January 2009.The pound has been under pressure for most...

>DOHA/FRANKFURT Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more if the embattled German bank decides to raise capital, sources familiar with Qatari investment policy told Reuters. Funds controlled by Qatar's former Prime Minister Sheikh Hamad bin...

>Santos has promised to revive the peace plan even though Colombians, in a referendum on Sunday, narrowly rejected the accord. Many voters believed it was too lenient on the FARC guerrillas. "The award should also be seen as a tribute to the Colombian people," committee leader Kaci Kullmann Five said...

>LONDON Sterling has tumbled to a 31-year low, but British stocks are near a record high and, contrary to many expert forecasts, the shock of Brexit has not yet pushed the British economy off a cliff. So what gives? Depending on which part of the financial universe you look at,...

>The fund earned a return of 4.0 percent in the quarter, or 240 billion Norwegian crowns ($29.7 billion), beating its benchmark by 0.2 percentage points. In the second quarter the fund booked a profit of 1.3 percent."Equity investments performed strongest during the quarter with positive...

>Boston-based firm HarbourVest said on Friday that an extension provides shareholders with additional time to consider its "compelling and final" offer.The acceptance period for HarbourVest's hostile bid was extended to Oct. 13, the company said, adding that it had received valid acceptances for 27.7 percent of SVG's shares...

>The Boeing 777 disappeared on its way from Kuala Lumpur to Beijing, sparking a two-year search has turned up few leads.Analysis by the Australian Transport Safety Bureau had found that the debris was consistent with the trailing edge of an aircraft wing, Transport Minister Liow Tiong Lai said in...

>Yasuhiro Ueda, president of Semiconductor Manufacturing Corp, said combined monthly production would rise to 73,000 units at Sony's five image sensor plants, from 70,000 units now. He made the comments at a news conference on Friday at Sony's Kumamoto factory in southern Japan, which was damaged by a series of...

>WASHINGTON U.S. employment growth likely picked up in September, putting pressure on the Federal Reserve to raise interest rates and signaling that steam could be building in the economy ahead of America's presidential election. Nonfarm payrolls are expected to have risen by 175,000 last month from 151,000 in August,...

>The 38 North group, run by Johns Hopkins University's School of Advanced International Studies, said there was activity at all three tunnel complexes at the Punggye-ri nuclear test site involving a large vehicle and personnel."One possible reason for this activity is to collect data on the Sept. 9 test...