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Monthly Archives: July 2013

Apple CEO met China Mobile head, discussed cooperation

Author: | July 31st, 2013 | Category : Reuters News

By Paul Carsten and Lee Chyen Yee BEIJING/SINGAPORE | Wed Jul 31, 2013 7:30pm EDT BEIJING/SINGAPORE (Reuters) – Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world’s largest mobile carrier by subscribers and the only Chinese carrier that doesn’t offer iPhones and iPads. The meeting with China Mobile Chairman Xi Guohua in Beijing was to discuss matters of cooperation, the Chinese firm … Read more »

Congress finally votes to cut student loan interest rates

Author: | July 31st, 2013 | Category : Reuters News

By Elvina Nawaguna WASHINGTON | Wed Jul 31, 2013 7:27pm EDT WASHINGTON (Reuters) – U.S. college students will likely pay a reduced interest rate of 3.86 percent on their student loans for the new school year, after lawmakers on Wednesday finally passed a compromise bill that would reverse a recent rate hike. The House of Representatives voted 392-31 in support of a bipartisan deal to lower interest rates on millions … Read more »

U.S. court ends Pemex bribery case against Siemens, SK Engineering

Author: | July 31st, 2013 | Category : Reuters News

By Erin Geiger Smith Wed Jul 31, 2013 7:45pm EDT (Reuters) – A U.S. federal judge has dismissed a $500 million lawsuit brought by state-owned Mexican oil company Pemex against Siemens AG (SIEGn.DE) and a South Korean company that claimed the defendants bribed Pemex officials to secure oil refinery projects in Mexico. The case raised novel questions about who is a victim in corruption cases, but U.S. District Judge Louis … Read more »

Dying out? China’s young shun family firms

Author: | July 31st, 2013 | Category : Reuters News

By Lavinia Mo HONG KONG | Wed Jul 31, 2013 7:29pm EDT HONG KONG (Reuters) – Dai Yintao, 21, is the only son of the millionaire owner of Chinese real estate, pharmaceutical and mining companies. He has no interest in taking over his father’s business, opting instead to work on a building site in Guiyang in Guizhou province, arriving each day in a Porsche. “I work here because I don’t … Read more »

Jury in Tourre trial to resume deliberations Thursday

Author: | July 31st, 2013 | Category : Reuters News

By Nate Raymond NEW YORK | Wed Jul 31, 2013 6:30pm EDT NEW YORK (Reuters) – Jurors will deliberate for a second day on Thursday over whether to hold former Goldman Sachs Group Inc trader Fabrice Tourre liable for defrauding investors in a complex deal tied to subprime mortgages. U.S. District Judge Katherine Forrest sent the jurors, five women and four men, home for the night after they met for … Read more »

For Airgas founder, time to savor rival’s hedge fund headache

Author: | July 31st, 2013 | Category : Reuters News

By Ernest Scheyder NEW YORK | Wed Jul 31, 2013 6:29pm EDT NEW YORK (Reuters) – For Airgas Inc (ARG.N) founder and Chairman Peter McCausland, there was a fair amount of schadenfreude in the air on Wednesday. McCausland, 62, fought a bitter and eventually successful battle for 13 months to keep Airgas independent in the face of a hostile bid from Air Products and Chemicals Inc (APD.N). Now the hunter … Read more »

S&P 500 ends flat after Fed keeps easy money in play

Author: | July 31st, 2013 | Category : Reuters News

By Caroline Valetkevitch NEW YORK | Wed Jul 31, 2013 6:14pm EDT NEW YORK (Reuters) – The S&P 500 finished a volatile session nearly flat on Wednesday as the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. The benchmark index pulled back just before the close after rising within two points of 1,700, a key resistance level that the S&P 500 … Read more »

Yemen’s president meets senators as U.S. grapples with Guantanamo detainee issue

Author: | July 31st, 2013 | Category : World News

WASHINGTON | Wed Jul 31, 2013 6:55pm EDT WASHINGTON (Reuters) – Yemeni President Abd-Rabbu Mansour Hadi talked to U.S. senators on Wednesday as he to tries to persuade Washington to repatriate dozens of Yemeni detainees from the Guantanamo Bay prison. Expectations that the Obama administration is moving closer to its long-held goal of closing the facility were raised last week when the White House announced it was sending two detainees … Read more »

Cuba reports highest outflow of citizens since 1994

Author: | July 31st, 2013 | Category : World News

By Marc Frank HAVANA | Wed Jul 31, 2013 6:21pm EDT HAVANA (Reuters) – The number of Cubans leaving their country has increased steadily in recent years, the government reported on Wednesday, reaching levels not seen since 1994 when tens of thousands took to the sea in makeshift rafts and rickety boats. Separately, the U.S. State Department on Wednesday announced it is lengthening most visitor visas for Cubans from six … Read more »

Dissident Kazakh oligarch Ablyazov held in France: sources

Author: | July 31st, 2013 | Category : World News

By Kirstin Ridley and Matthias Galante LONDON/CANNES, France | Wed Jul 31, 2013 6:13pm EDT LONDON/CANNES, France (Reuters) – Mukhtar Ablyazov, a Kazakh businessman accused of embezzling $6 billion from his former bank, BTA, has been arrested on the French Riviera, two sources said on Wednesday. Ablyazov was arrested in the village of Mouans-Sartoux about 8 km (5 miles) north of Cannes in southern France, a police source said. A … Read more »

U.S. to go ahead with joint military exercise in Egypt

Author: | July 31st, 2013 | Category : World News

WASHINGTON | Wed Jul 31, 2013 6:07pm EDT WASHINGTON (Reuters) – The United States still plans to hold a major military exercise called Bright Star in Egypt in mid-September, U.S. Defense Secretary Chuck Hagel said on Wednesday, even after the Egyptian military’s toppling of the president and the violence that has ensued. “We’re planning on going ahead with it,” Hagel told reporters at a Pentagon news conference. Hagel has been … Read more »

U.N. says chemical weapons inspectors to visit three Syrian sites

Author: | July 31st, 2013 | Category : World News

By Michelle Nichols UNITED NATIONS | Wed Jul 31, 2013 6:05pm EDT UNITED NATIONS (Reuters) – U.N. inspectors will travel to Syria “as soon as possible” to investigate claims of chemical weapons use during the country’s civil war after President Bashar al-Assad’s government granted access to three sites, the United Nations said on Wednesday. The head of a U.N. chemical weapons investigation team, Ake Sellstrom, and the head of the … Read more »

Rwanda says U.N. ultimatum threatened Congo peace talks

Author: | July 31st, 2013 | Category : World News

By Richard Lough NAIROBI | Wed Jul 31, 2013 4:52pm EDT NAIROBI (Reuters) – Rwanda said on Wednesday the decision by a U.N. intervention brigade to forcibly disarm people in a strategic zone of eastern Democratic Republic of Congo had surprised African leaders and risked jeopardizing peace talks. The U.N. peacekeeping mission said on Tuesday it was setting up a security zone around Goma, which briefly fell into M23 hands … Read more »

Phony rum kills seven in Cuba, dozens hospitalized

Author: | July 31st, 2013 | Category : World News

HAVANA | Wed Jul 31, 2013 3:28pm EDT HAVANA (Reuters) – Seven Cubans have died and more than 40 have been hospitalized, eight in critical condition, after drinking wood alcohol, or industrial methanol, they thought was rum, the public health ministry said on Wednesday. The poisoning happened in the La Lisa municipality of Havana, beginning on Monday, and all those killed were in their 40s and 50s, according to a … Read more »

Uruguay Congress debates bill to regulate legal marijuana use

Author: | July 31st, 2013 | Category : World News

By Felipe Llambias and Malena Castaldi MONTEVIDEO | Wed Jul 31, 2013 3:23pm EDT MONTEVIDEO (Reuters) – Legislators in Uruguay hotly debated on Wednesday a measure backed by leftist President Jose Mujica that would create a government body to control the cultivation and sale of marijuana and allow people to grow it at home or as part of smoking clubs. The use of marijuana is already legal in the South … Read more »

U.N. says chemical weapons inspectors to visit three Syria sites

Author: | July 31st, 2013 | Category : World News

UNITED NATIONS | Wed Jul 31, 2013 3:12pm EDT UNITED NATIONS (Reuters) – Syria has agreed to allow U.N. investigators to visit three sites to investigate accusations of chemical weapons use during the country’s two year civil war, the United Nations said on Wednesday. “The Mission will travel to Syria as soon as possible to contemporaneously investigate three of the reported incidents, including Khan al-Asal,” U.N. Secretary-General Ban Ki-moon’s press … Read more »

South Sudan’s Kiir to keep oil minister, change finance portfolio

Author: | July 31st, 2013 | Category : World News

By Andrew Green JUBA | Wed Jul 31, 2013 3:10pm EDT JUBA (Reuters) – South Sudan’s oil minister Stephen Dhieu Dau will keep his post in the new government, while new appointments will be made to the key finance and defense portfolios, officials said on Wednesday. Last week, President Salva Kiir sacked the cabinet, Vice President Riek Machar and put his top Sudan negotiator, Pagan Amum, under investigation amid a … Read more »