A man walks past a sign for the U.S. vice-presidential debate at Longwood University in Farmville, Virginia October 2, 2016. L REUTERS/Rick Wilking A senior Democratic lawmaker said Sunday he had “no doubt” that Russia was behind recent hacking attempts target... More »
German chemical maker Lanxess (LXSG.DE) said on Monday it was confident that no rival bidder would trump its $2.7 billion takeover offer for U.S. peer Chemtura (CHMT.N). More »
South Africa’s Deputy President Cyril Ramaphosa and President Jacob Zuma stand during the playing of the national anthem at the opening of Parliament in Cape Town, in this February 11, 2016 file photo. REUTERS/Mike Hutchings/Files Deputy President Cyril Ramaph... More »
A view shows the gold mining town of Diwalwal in Compostela Valley, southern Philippines May 25, 2012. REUTERS/Erik De Castro/File Photo The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge... More »
Republican presidential nominee Donald Trump gets in his SUV in front of Dr. Ben Carson’s childhood home in Detroit, Michigan, U.S., September 3 2016. REUTERS/Carlo Allegri A close ally of Donald Trump said talks about the cost of building a wall with Mexico w... More »
By Douglas Busvine and Nidhi Verma | NEW DELHI NEW DELHI Indian Prime Minister Narendra Modi took aim at supporters of “terrorism” in his Independence Day speech on Monday, ratcheting up criticism of Pakistan while avoiding direct mention of month-long protest... More »
NEW YORK Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks. Noting the recent run-up in the benchmark Stan... More »
DARMSTADT, Germany Dreaming of a trip to Mars? You’ll have to wait at least 15 years for the technology to be developed, the head of the European Space Agency (ESA) said, putting doubt on claims that the journey could happen sooner. “If there was enough money ... More »
LIMA Keiko Fujimori aims to steer the right-wing populist movement she inherited from her disgraced father back into power in a run-off election for Peru’s presidency on Sunday, but the latest polls suggest she could suffer another narrow loss. Her lead over r... More »
DAVAO, Philippines Philippine President-elect Rodrigo Duterte warned mining companies to “shape up”, as he signaled he would prefer ownership of mining assets to be left to local investors. He also said the incoming government may rewrite rules to limit enviro... More »
ULAANBAATAR U.S. Secretary of State John Kerry hailed Mongolia as an “oasis of democracy” sitting in a tough location between Russia and China as he made a rare visit by a cabinet-level U.S. official on Sunday. Arriving from Paris, Kerry made the visit to Mong... More »
LONDON Morgan Stanley upgraded European defensive stocks to “overweight” on Monday, raising its stance on consumer staples .SXQP stocks while downgrading the industrials .SXNP and basic materials .SXPP sectors. The Wall Street bank kept its “overweight” rating... More »
LONDON The British government said the publicly-funded BBC would not regulate itself in future, with a new unitary board taking over the responsibilities of the BBC Trust and external regulator Ofcom being brought in to oversee the corporation. “It is no longe... More »
CUBATAO, Brazil On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. In the room, the board members grappled over whether to fire the company’s chief executive and two... More »
LIMA Keiko Fujimori, the daughter of a jailed former president, led Peru’s election on Sunday but she likely faces a tight run-off against centrist economist Pedro Pablo Kuczynski in a vote that would protect the country’s free-market economic model. Fujimori,... More »
JAKARTA Ride-hailing apps Grab and Uber must partner with a transport business and register their cars by the end of May if they want to continue to operate in Southeast Asia’s largest economy, a minister said on Thursday. “Uber, Grab are app companies. If the... More »
NEW DELHI The government unveiled a budget for the poor on Monday, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost Prime Minister Narendra Modi’s ruling party in coming state elections. Finance Minister ... More »
BEIJING China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. It was the first time China has giv... More »
GRAND FORKS, N.D. In a basement lab of a North Dakota research center, Beth Kurz and an assistant are peering through a scanning electron microscope, studying samples from the state’s vast Bakken shale oil formation. Kurz, a hydrogeologist, is part of a team, ... More »
SYDNEY/LONDON The world’s largest miner BHP Billiton (BLT.L) (BHP.AX) is sitting on an $11 billion cash pile and what CEO Andrew Mackenzie does with the money will be a critical test of his ability to invest during the industry’s worst downturn in decades. Ann... More »
HOUSTON Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit. The cuts o... More »
SYDNEY Prime Minister Malcolm Turnbull on Monday unveiled a A$1.1 billion ($806 million) package to boost innovation in Australia, using his first major economic policy statement since becoming leader to map out a pathway beyond the country’s fading resources ... More »
WASHINGTON The White House is urging Silicon Valley to help address the threat posed by militant groups by restricting the use of social media for planning and promoting violence, a senior administration official said on Sunday. Last week’s mass shooting in Ca... More »
WASHINGTON Democratic presidential candidate Hillary Clinton said Sunday she would take the relationship between the U.S. and Israel “to the next level,” but warned that solving the Israeli-Palestinian conflict would not be enough to stabilize the entire regio... More »
LAHORE, Pakistan A Pakistani attorney said on Thursday he has filed a court petition seeking the return of the famed Koh-i-Noor diamond Britain forced India to hand over in colonial times. Once the largest known diamond in the world, the 105-carat Koh-i-Noor i... More »
OUAGADOUGOU Burkina Faso should announce provisional results on Monday from an election to choose the West African country’s first new leader in decades, the head of the electoral commission said. Sunday’s peaceful election comes after longtime leader Blaise C... More »
YANGON Hopes faded on Monday that any of 100 people still missing would be found alive two days after a landslide near a jade mine in northern Myanmar smashed into a makeshift settlement, burying mine workers as they slept. Rescue workers had recovered 104 bod... More »
GUATEMALA CITY Jimmy Morales, a former TV comedian who has never held office, swept to power in Guatemala’s presidential election on Sunday after milking public anger over a corruption scandal that deepened distrust of the country’s political establishment. Th... More »
LONDON The world’s nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. Regulators decided to look at the multi-trillion dollar in... More »
LONDON Glencore (GLEN.L) shares sank more than 10 percent to a new record low on Monday, with the mining and trading company’s drive to sell assets to cut heavy debts failing to soothe fears over slumping metals prices. Traders cited a bearish Investec note th... More »
There has been strong interest in a package of six U.S. gold assets that Barrick Gold Corp (ABX.TO) wants to sell, a senior Barrick executive said on Sunday, adding that he expects a deal to close before year end. The interest has been largely from North Ameri... More »
LONDON Britain’s Tesco (TSCO.L) has agreed to sell its South Korean unit to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, in its first major disposal since it hit financial difficulties. Seeking to raise funds to revitali... More »
XUZHOU, China Two years after China unveiled a sweeping plan to rebuild Silk Road trade links with Europe and Asia, machinery maker XCMG Group has opened a factory in Uzbekistan, sent 300 staff abroad and set ambitious goals to grow overseas. XCMG’s foreign ve... More »
GUATEMALA CITY Guatemalan Finance Minister Dorval Carias resigned on Monday amid a deepening corruption scandal that has also featured calls for the impeachment of President Otto Perez. A statement released by Carias’ office did not give a reason for his decis... More »
LONDON Britain’s telecoms regulator is seriously considering a break up of dominant provider BT, after rivals accused it of abusing its market position and failing to invest in the broadband networks they rely on. Ofcom floated the idea of a forced separation ... More »
SIEM REAP, Cambodia Pit, only two and with just one eye, needed only 11 minutes before he detected a deadly mine buried in a Cambodian field, work that humans with metal detectors could have taken up to five days to investigate. But Pit is not human. He is par... More »
WASHINGTON The U.S. Supreme Court on Monday ruled the Obama administration should have considered compliance cost when it decided to limit emissions of mercury and other hazardous air pollutants mainly from coal-fired power plants, a setback for the government... More »
