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IMF's Lagarde in court for French arbitration case
IMF's Lagarde in court for French arbitration case
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PARIS (Reuters) - IMF chief Christine Lagarde arrived in court on Thursday to be questioned by a French magistrate over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.
Created about a minute ago


Latam, Africa surges ensure SABMiller profit growth
Latam, Africa surges ensure SABMiller profit growth
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BRUSSELS (Reuters) - SABMiller , the world's second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and said its markets should be broadly unchanged in the coming months.
Created 5 minutes ago


France backs call to put Hezbollah armed wing on EU terror list
France backs call to put Hezbollah armed wing on EU terror list
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PARIS (Reuters) - France is ready to support a British initiative to put the armed wing of Hezbollah on the European Union's list of terrorist organizations, an official said on Thursday, confirming comments by Foreign Minister Laurent Fabius.

Created 32 minutes ago


Roadside bomb kills 13 in southwest Pakistan
Roadside bomb kills 13 in southwest Pakistan
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ISLAMABAD (Reuters) - A roadside bomb killed 11 security personnel and two civilians on Thursday in southwestern Pakistan where separatist rebels have for decades been battling to control the region's natural gas and other resources.
Created 47 minutes ago


AIG eyes new director with regulatory experience
AIG eyes new director with regulatory experience
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(Reuters) - American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the situation.
Created about an hour ago


Asian markets sell off on Bernanke remarks, China PMI
Asian markets sell off on Bernanke remarks, China PMI
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SINGAPORE (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year.
Created about an hour ago


Nissan to recall 841,000 vehicles due to steering wheel glitch
Nissan to recall 841,000 vehicles due to steering wheel glitch
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TOKYO (Reuters) - Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No.2 automaker said on Thursday.
Created about an hour ago


China factory activity shrinks for first time in seven months: flash PMI
China factory activity shrinks for first time in seven months: flash PMI
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BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent.

Created about an hour ago


Canadian businessman goes on trial in Cuban corruption crackdown
Canadian businessman goes on trial in Cuban corruption crackdown
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HAVANA (Reuters) - A Canadian businessman who has confessed to bribing Cuban officials was scheduled to go on trial in Havana on Thursday, almost two years after his arrest in a sweeping government crackdown on corruption.
Created 2 hours ago


Man charged with mailing ricin letter to judge in Washington state
Man charged with mailing ricin letter to judge in Washington state
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OLYMPIA, Washington (Reuters) - Federal authorities on Wednesday arrested a man charged with mailing a letter containing the deadly poison ricin to a U.S. district judge in Spokane, Washington, the FBI said.
Created 2 hours ago


Pfizer takes its shot at a vaccine for evasive superbug
Pfizer takes its shot at a vaccine for evasive superbug
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CHICAGO (Reuters) - Kathrin Jansen is a microbiologist with at least two breakthrough vaccines to her name: she brought the cervical cancer vaccine Gardasil to market for Merck and helped develop the $4 billion a year pneumonia and meningitis vaccine Prevnar 13 for Pfizer.
Created 2 hours ago


Analysis: Crackdown on radical Islamists tests Tunisia's stability
Analysis: Crackdown on radical Islamists tests Tunisia's stability
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TUNIS (Reuters) - For the first time since the Arab Spring uprisings of 2011, relations between mainstream Islamists in government and radical Salafist Muslim activists have reached breaking point, sparking deadly clashes in two Tunisian cities.

Created 2 hours ago


Analysis: In any scandal, lying to Congress is tough to prove
Analysis: In any scandal, lying to Congress is tough to prove
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WASHINGTON, D.C. (Reuters) - When embattled Internal Revenue Service official Lois Lerner was called before a congressional committee Wednesday, she declared that she had done nothing wrong - but said she did not intend to testify. Her defiance only turned up the heat from Republicans who have threatened to take her to court for misleading Congress.
Created 2 hours ago


Lenovo's fourth-quarter net profit nearly doubles on Chinese PC, phone demand
Lenovo's fourth-quarter net profit nearly doubles on Chinese PC, phone demand
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HONG KONG (Reuters) - China's Lenovo Group Ltd posted a 90 percent rise in its quarterly net profit, its fastest pace in seven quarters, as a result of strong PC and smartphone demand in its domestic market.
Created 2 hours ago


China HSBC flash PMI hits seven-month low, fans growth fears
China HSBC flash PMI hits seven-month low, fans growth fears
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BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
Created 3 hours ago


Switching from scandals, Obama to address drones and Guantanamo
Switching from scandals, Obama to address drones and Guantanamo
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WASHINGTON (Reuters) - President Barack Obama will seek to draw attention away from a series of domestic scandals with a speech on Thursday that defends the U.S. use of drones abroad and lays out a vision for closing the military prison in Guantanamo Bay, Cuba.
Created 3 hours ago


Japan's wartime brothels were wrong, says 91-year-old veteran
Japan's wartime brothels were wrong, says 91-year-old veteran
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SAGAMIHARA, Japan (Reuters) - When Masayoshi Matsumoto joined the Japanese army in 1943 and was sent to occupied China as a medic, he thought he was taking part in a righteous war to free Asia from the yoke of Western imperialism.
Created 3 hours ago


CORRECTED-Colorado governor grants reprieve to quadruple killer on death row
CORRECTED-Colorado governor grants reprieve to quadruple killer on death row
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DENVER (Reuters) - Colorado Governor John Hickenlooper granted a reprieve on Wednesday to the state's longest-serving death row inmate, ordering his execution blocked indefinitely in a move that infuriated prosecutors and victims' families.

Created 3 hours ago


Nebraska attorney general wants abortion clinic nurse's license revoked
Nebraska attorney general wants abortion clinic nurse's license revoked
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OMAHA, Nebraska (Reuters) - Nebraska Attorney General Jon Bruning on Wednesday filed a petition to revoke the license of the only nurse at a controversial abortion clinic in the state for allegedly providing substandard care and improperly administering drugs.
Created 3 hours ago


GM Chevy Spark electric car's price 38 percent less than sibling hybrid Volt's
GM Chevy Spark electric car's price 38 percent less than sibling hybrid Volt's
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DETROIT (Reuters) - The Chevrolet Spark all-electric subcompact car will cost U.S. buyers as much as 38 percent less than what it takes to buy its larger sibling, the hybrid Volt, General Motors Co said on Thursday.

Created 3 hours ago