All News Results

  • Eritrea appoints first ambassador to Ethiopia in two decades

    Eritrea has appointed its first ambassador to neighboring Ethiopia in two decades, the government said on Saturday, as the former foes pushed on with a rapprochement. The job went to Semere Russom, Eritrea's current education minister and former ambassador to the United States, Information Minister Yemane Meskel said on Twitter.

  • Muslim man beaten to death in India on suspicion of smuggling cows

    Suspected vigilantes on Saturday killed a Muslim man transporting two cows in India, just 15 months after a similar attack spotlighted the growing influence of pro-Hindu fringe groups. Many Hindus regard the cow as sacred, but India's Muslim minority engages in the trade of cattle for slaughter and consumption, chiefly of buffalo meat, as well as dairy purposes.

  • Exclusive: Treasury's Mnuchin watching Chinese yuan weakness for manipulation

    The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday. Mnuchin said in an interview in Sao Paulo, Brazil, that the yuan's weakness would be reviewed as part of the U.S. Treasury's semi-annual report on currency manipulation.

  • DIARY-Top Economic Events to Sept. 27

    • BY Reuters|
    • 08:01 PM ET 07/20/2018

    For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily. TUESDAY, JULY 24 BRUSSELS - The EU Economic and Financial Affairs Council meeting. WEDNESDAY, JULY 25.

  • U.S. oil industry lobbies against tighter sanctions on Russia

    The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate has revived a bill, called DETER, that would allow for swift sanctions if Moscow was found meddling in future U.S. elections.

  • BRIEF-S&P Says Russia 'BBB-/A-3' Ratings Affirmed

    • BY Reuters|
    • 05:16 PM ET 07/20/2018

    S&P Global Ratings: * S&P SAYS RUSSIA 'BBB-/A-3' RATINGS AFFIRMED; OUTLOOK STABLE. * S&P SAYS RUSSIA'S EXTERNAL, PUBLIC BALANCE SHEETS WITH PRUDENT FISCAL FRAMEWORK, SHOULD ENABLE IT TO ABSORB SHOCKS FROM POSSIBLE NEW INTERNATIONAL SANCTIONS. * S&P SAYS RUSSIA'S GROWTH IS LIKELY TO REMAIN BELOW THAT OF PEERS, NOT LEAST DUE TO UNCERTAINTY CREATED BY INTERNATIONAL SANCTIONS.

  • BRIEF-Luxor Capital Group Reports 7.7 Pct Passive Stake In Retail Value Inc

    Retail Value Inc (RVI): * LUXOR CAPITAL GROUP LP REPORTS 7.7 PERCENT PASSIVE STAKE IN Retail Value Inc (RVI), AS OF JULY 11, 2018 - SEC FILING Source text : Further company coverage:

  • Exclusive: Treasury's Mnuchin watching Chinese yuan weakness for manipulation

    The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, U.S. Treasury Secretary Steven Mnuchin told Reuters on FridayMnuchin said in an interview in Sao Paulo, Brazil, that the yuan's weakness would be reviewed as part of the U.S. Treasury's semi-annual report on currency manipulation.

  • US STOCKS-Wall St slips as trade worries dampen upbeat earnings

    * Microsoft (MSFT) hits record high on strong results. * Trump threatens tariff on all $500 bln worth of Chinese goods. * Trump's Fed criticism sends long-dated U.S. bond yields higher. * GE drops on cut in cash target forecast. * Indexes down: Dow 0.03 pct, S&P 0.09 pct, Nasdaq 0.07 pct. By Stephen Culp.

  • GLOBAL MARKETS-U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs

    * Trump ratchets up criticism of Fed interest rate rises. * U.S. dollar posts worst day in 3 weeks, retreats from year high. * Wall St, Europe equities dip amid tariff talk, earnings. * U.S. crude oil up as dollar slips. By Lewis Krauskopf.

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