Source Match International News
Bank of England remains divided on stimulus
Sony mulls hedge fund's entertainment sale idea
EU mission seeks to rebuild Mali army after U.S. faltered
By David Lewis KOULIKORO, Mali (Reuters) - Under a blazing sun
and the critical gaze of British and Irish instructors, a line of
11 Malian soldiers lie prone in the dust firing AK-47 rounds at
targets, one-by-one. "One out of 10 - not very good," Captain
Ibrahim Soumassa, commander of the Malian unit, tells one of the
men. "We're at 25 meters. When we're at 100, it'll be difficult." A
European Union training mission faces a considerable challenge as
it seeks to succeed where years of U.S. ...
China's Li offers to help end Pakistan energy crisis
By Nick Macfie ISLAMABAD (Reuters) - China and Pakistan should
make cooperation on power generation a priority, Chinese Premier Li
Keqiang said, as Islamabad seeks to end an energy crisis that
triggers power cuts of up to 20 hours a day, bringing the economy
to a near standstill. Li arrived in the Pakistan capital under
extra-tight security on Wednesday on the second leg of his first
official trip since taking office in March after a visit to
Pakistan's and China's arch rival, India. Li's plane was escorted
by six air force fighter jets as it entered Pakistan air space.
...
Airbus wins Oman Air order for three A330 planes
PARIS (Reuters) - Airbus has won an order for three A330-300
aircraft from Oman Air, the national carrier of the Sultanate of
Oman, the European planemaker said on Wednesday. The order, which
Airbus said would bring Oman Air's A330 fleet to 10 aircraft, is
worth about $720 million based on list prices. The planes will be
operated on long-haul routes and can seat close to 300 passengers,
Airbus said. (Reporting by James Regan; Editing by John Irish)
Iran's Ahmadinejad denounces election decision
Freeport can't say when Indonesia mine to reopen, confirms 28 dead
By Michael Taylor and Yayat Supriatna JAKARTA (Reuters) -
Freeport McMoRan Copper and Gold Inc said it will not restart
production at the world's second-largest copper mine in Indonesia
after a tunnel collapse that killed 28 workers until it is
convinced of the mine's safety. Arizona-based Freeport suspended
operations at the remote Papua mine on Wednesday last week, at a
cost estimated at about $15 million a day in lost production, a day
after a training tunnel away from its main operations fell in on 38
workers. ...
Dollar dips, shares mixed ahead of Bernanke testimony
By Richard Hubbard LONDON (Reuters) - The dollar dipped and
benchmark Bund futures rose on Wednesday as expectations hardened
that the head of the U.S. central bank will later in the day signal
no tapering off of the bank's ultra-easy monetary policy. Ben
Bernanke, who speaks before the Joint Economic Committee of the
U.S. Congress at 1400 GMT (10 a.m. EDT), is expected to follow the
line set by two other Federal Reserve officials, who struck a
dovish tone on the economy on Tuesday. ...
Militants release seven Egyptians kidnapped in Sinai
CAIRO (Reuters) - Seven members of the Egyptian security forces
kidnapped by Islamist militants in Sinai last week were released on
Wednesday, ending a crisis that has highlighted lawlessness in the
desert peninsula bordering Israel. Security sources said the men
were freed following talks mediated by Bedouin tribal leaders. They
were handed over to the army in an area south of Rafah, a town
straddling the border with the Palestinian Gaza Strip. ...
Weak yen a help for Japan, but headache elsewhere
TOKYO (AP) — A steady decline in the yen is proving a godsend
for exporters such as Toyota and has won solid support from Japan's
main trading partners, who are betting the impact on their own
currencies will be offset by gains from a recovery in the world's
third-largest economy. It's not such good news for entrepreneurs
like Thamonwan Thawornthaweewong, whose Angry Bird fish balls,
squid rings and other products now cost more to sell in Japan.
Weak yen a help for Japan, but headache elsewhere
TOKYO (AP) — A steady decline in the yen is proving a godsend
for exporters such as Toyota and has won solid support from Japan's
main trading partners, who are betting the impact on their own
currencies will be offset by gains from a recovery in the world's
third-largest economy. It's not such good news for entrepreneurs
like Thamonwan Thawornthaweewong, whose Angry Bird fish balls,
squid rings and other products now cost more to sell in Japan.
Afghan students protest women's rights decree
Rolls-Royce wins engine order from U.S. lessor CIT
LONDON (Reuters) - Britain's Rolls-Royce has won a contract to
supply engines to power 23 Airbus aircraft ordered by U.S. leasing
company CIT Aerospace, it said on Wednesday. Rolls, the world's
second-largest maker of aircraft engines behind U.S. group General
Electric , said the deal included Trent XWB engines to power 10
A350 aircraft and Trent 700 engines for 13 Airbus A330 jets. The
Trent XWB, specifically designed for the Airbus A350, is the
fastest selling Trent engine ever, with more than 1,200 already
sold, according to Rolls. The A350 is due to enter service in 2014.
...
Fishermen pay price in Asia's volatile sea rifts
MASINLOC, Philippines (AP) — Along the northwestern Philippine
coast, poor children with claw hammers clamber aboard an abandoned
fishing vessel to pry loose and steal rusty nails from its deck.
It's become a familiar sight in villages where some fishermen have
been forced to give up their livelihoods since China took control
of their fishing haven last year.
Officials say Benghazi suspects under surveillance
WASHINGTON (AP) — Five men are under round-the-clock U.S.
surveillance in Libya, wanted for questioning in the attack last
year on the diplomatic mission in Benghazi, Libya. The White House
believes there is enough proof for a military force to seize them
as terrorist suspects, officials say, but prefers to wait until
investigators have enough evidence to try them in a U.S. civilian
courtroom.
World Bank pledges $1 billion to aid peace in Africa's Great Lakes
KINSHASA (Reuters) - The World Bank on Wednesday announced $1
billion in development funding for Africa's Great Lakes region,
where renewed fighting this week between the government and rebels
in eastern Congo has raised fears once again of an escalation in
conflict. World Bank President Jim Yong Kim unveiled the proposed
aid financing for one of Africa's most intractable conflict regions
on the first day of a trip with U.N. chief Ban Ki-moon to
Democratic Republic of Congo, Rwanda and Uganda. ...
Iran's Ahmadinejad says will challenge ally's ban from election
Freeport reviewing safety at Indonesia mine after tunnel collapse
Iran bars candidates for presidential election
By Marcus George DUBAI (Reuters) - Iranian authorities barred
two potentially powerful and disruptive candidates from running in
next month's presidential election on Tuesday, ensuring a contest
largely among hardliners loyal to the clerical supreme leader.
Akbar Hashemi Rafsanjani, a veteran companion of the Islamic
Republic's founder, a former president and thought potentially
sympathetic to reform, was denied a place on the ballot by the
Guardian Council of clerics and jurists, state media said. ...
Insight: No more easy pickings in Russia's banking market
By Megan Davies MOSCOW (Reuters) - Foreign banks that once
treated Russia as virgin land where easy money could be made are
now finding it a cut-throat market tougher than some bargained for.
While players such as Citi and Austria's Raiffeisen thrive, many
have found post-Soviet Russia too hard to crack: rife with credit,
legal and corruption risks, and dominated by state giants Sberbank
and VTB. The latest to hit trouble has been France's Societe
Generale. ...
Insight: No more easy pickings in Russia's banking market
By Megan Davies MOSCOW (Reuters) - Foreign banks that once
treated Russia as virgin land where easy money could be made are
now finding it a cut-throat market tougher than some bargained for.
While players such as Citi and Austria's Raiffeisen thrive, many
have found post-Soviet Russia too hard to crack: rife with credit,
legal and corruption risks, and dominated by state giants Sberbank
and VTB. The latest to hit trouble has been France's Societe
Generale. ...
Merck signs $5 billion share buyback agreement with Goldman Sachs
(Reuters) - Merck & Co Inc said it has entered into a $5
billion share repurchase agreement with Goldman Sachs Group Inc, as
the drug giant looks to prop up shareholder value in face of stiff
competition from makers of less-costly generics. Under the
accelerated share repurchase agreement (ASR), Merck has agreed to
repurchase about 99.5 million shares from Goldman Sachs based on
current market prices. ...
Oil falls below $96 before Fed chief speaks
North Korea sends top Kim Jong-un aide to Beijing
By Ju-min Park and Ben Blanchard SEOUL/BEIJING (Reuters) -
North Korea sent one of its top military officials as a "special
envoy" from its leader Kim Jong-un to Beijing on Wednesday,
accompanied by a high-powered delegation in what appeared to be a
bid to mend frayed relations with its most important ally. The
delegation led by Choe Ryong-hae, vice chairman of the country's
top military body, was the most senior to visit China since Kim's
kingmaker uncle Jang Song-thaek made the trip in August 2012.
...
US auto factories cutting back on summer downtime
BOJ holds steady despite bond turmoil, upgrades economic outlook
By Stanley White and Leika Kihara TOKYO (Reuters) - The Bank of
Japan kept policy steady on Wednesday despite concerns over recent
volatility in bond market, saying growth is starting to pick up
even as risks loomed from an uncertain global outlook. The central
bank upgraded its assessment of the economy, saying it "has started
picking up," as Prime Minister Shinzo Abe's program of aggressive
fiscal and monetary stimulus has boosted sentiment and a weaker yen
has halted a decline in exports. ...
Prosecutors consider using racketeering law against SAC: source
By Emily Flitter NEW YORK (Reuters) - Prosecutors are
considering charging Steven A. Cohen's SAC Capital Advisors as a
criminal enterprise engaged in a long pattern of insider trading in
stocks, according to a person familiar with the matter. Prosecutors
may use the Racketeer Influenced and Corrupt Organizations Act,
most commonly associated with prosecutions against the mafia, to
move against Cohen's $15 billion hedge fund company, said the
person, who spoke on condition of anonymity. While this is one
option under consideration, no final decision has been made, the
source added. ...
Japan considers resuming talks with North Korea: media
TOKYO (Reuters) - Japan has started looking into resuming
inter-governmental talks with North Korea after a surprise visit to
Pyongyang by an aide to Japan's prime minister, the Asahi Shimbun
and other newspapers said on Wednesday. Such talks, intended to
discuss North Korea's abduction of Japanese citizens decades ago
and other issues, were last held in November 2012, but have been
halted due to the North's missile launch in December and nuclear
test in February. ...
The Irish loophole behind Apple's low tax bill
By Tom Bergin LONDON (Reuters) - Apple's ability to shelter
billions of dollars of income from tax has depended on an unusual
loophole in the Irish tax code that helps the country compete with
other countries for investment and jobs. A U.S. Senate
investigation revealed Tuesday that Apple, maker of iPhones, iPads
and Mac computers, channeled profits into Irish-incorporated
subsidiaries that had "no declared tax residency anywhere in the
world. ...
Who's to blame for murky regulation in IRS scandal: Agency or lawmakers?
Exclusive: Bob Lutz, Chinese in bid to buy Fisker Automotive - sources
By Deepa Seetharaman DETROIT (Reuters) - A boutique carmaker
led by former General Motors Co executive Bob Lutz and China's
largest auto parts supplier made an offer this month to buy
cash-strapped "green" car company Fisker Automotive, people
familiar with the matter said. VL Automotive and China's Wanxiang
Group are looking to gain control of Fisker through a prepackaged
bankruptcy. This comes alongside a separate push by investors in
Europe and Hong Kong, including billionaire Richard Li, to buy out
the U.S. Department of Energy's position in Fisker. ...
Tornado Warning: Despite Oklahoma Alert, U.S. Weather Forecasting Service Needs Major Upgrades
Oklahoma tornado was a monster, but it wasn't a record-breaker