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Freeport can't say when Indonesia mine to reopen, confirms 28 dead
Freeport can't say when Indonesia mine to reopen, confirms 28 dead
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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.

Created 10 minutes ago


Kerry hails tentative Raytheon arms sale to Oman
Kerry hails tentative Raytheon arms sale to Oman
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MUSCAT (Reuters) - U.S. Secretary of State John Kerry hailed on Wednesday what U.S. officials said was an estimated $2.1 billion deal for Oman to buy a ground-based air defense system from U.S. defense contractor Raytheon Co..
Created 17 minutes ago


Rolls-Royce wins engine order from U.S. lessor CIT
Rolls-Royce wins engine order from U.S. lessor CIT
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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.
Created 22 minutes ago


Dollar dips, shares mixed ahead of Bernanke testimony
Dollar dips, shares mixed ahead of Bernanke testimony
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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.

Created 23 minutes ago


Sony to assess spin-off plan; cuts targets for cameras, smartphones
Sony to assess spin-off plan; cuts targets for cameras, smartphones
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TOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business.

Created 45 minutes ago


World Bank pledges $1 billion to aid peace in Africa's Great Lakes
World Bank pledges $1 billion to aid peace in Africa's Great Lakes
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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.
Created 51 minutes ago


Los Angeles city councilman opens lead in race for mayor
Los Angeles city councilman opens lead in race for mayor
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LOS ANGELES (Reuters) - Los Angeles City Councilman Eric Garcetti opened a narrow election night lead in his bid to become mayor of America's second-largest city as it faces an increasingly gloomy financial outlook, early returns showed late on Tuesday.
Created about an hour ago


Tomic will play French Open despite troubles: Woodbridge
Tomic will play French Open despite troubles: Woodbridge
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MELBOURNE (Reuters) - Bernard Tomic will play at next week's French Open despite his off-court troubles if only to keep some momentum going for the grasscourt season ahead, Tennis Australia's Todd Woodbridge said on Wednesday.

Created about an hour ago


Sony cuts sales target for cameras, smartphones for 2014-15
Sony cuts sales target for cameras, smartphones for 2014-15
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TOKYO (Reuters) - Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen.

Created about an hour ago


Rescuers seek Oklahoma tornado survivors as area eyes recovery
Rescuers seek Oklahoma tornado survivors as area eyes recovery
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MOORE, Oklahoma (Reuters) - Rescue efforts in the tornado-ravaged Oklahoma City suburb of Moore continued through the night into Wednesday morning, with officials increasingly confident that everyone caught in the disaster had been accounted for.

Created 1 hour ago


Asian stocks supported by Fed reassurance; BOJ stands pat
Asian stocks supported by Fed reassurance; BOJ stands pat
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SINGAPORE (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a 5-1/2 year high and staying firm as the Bank of Japan stood pat after unleashing massive stimulus last month.

Created 1 hour ago


Insight: No more easy pickings in Russia's banking market
Insight: No more easy pickings in Russia's banking market
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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.
Created 1 hour ago


Trout hits for the cycle as Angels thump Mariners
Trout hits for the cycle as Angels thump Mariners
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(Reuters) - Mike Trout became the youngest player in the American League ever to hit for the cycle in the Los Angeles Angels' 12-0 rout of the Seattle Mariners on Tuesday.
Created 1 hour ago


Cavs win right to first pick in NBA Draft
Cavs win right to first pick in NBA Draft
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(Reuters) - The Cleveland Cavaliers won the NBA Draft Lottery and the top overall pick for the second time in three years on Tuesday.
Created 1 hour ago


Death toll rises to 28 in Indonesia mine accident
Death toll rises to 28 in Indonesia mine accident
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JAKARTA (Reuters) - The death toll from a tunnel collapse at the world's second largest copper mine run by Freeport McMoRan Copper & Gold Inc's Indonesian unit was raised to 28 on Wednesday as rescuers gave up hope of finding any more survivors.
Created 1 hour ago


China's Li offers to help end Pakistan's energy crisis
China's Li offers to help end Pakistan's energy crisis
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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.
Created 1 hour ago


Militants release seven Egyptians kidnapped in Sinai
Militants release seven Egyptians kidnapped in Sinai
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CAIRO (Reuters) - Seven members of the Egyptian security forces kidnapped by Islamist militants in the Sinai Peninsula last week were released on Wednesday, the army said.
Created 2 hours ago


Parents withdraw from inquiry into death of U.S. engineer Shane Todd
Parents withdraw from inquiry into death of U.S. engineer Shane Todd
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SINGAPORE (Reuters) - The parents of a U.S. engineer found dead in Singapore last year said on Wednesday they will not take part in the rest of a coroner's inquiry into his death, which they say was linked to a project involving the transfer of sensitive technology to China.

Created 2 hours ago


China charges six in sex video
China charges six in sex video "extortion" case
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BEIJING (Reuters) - A court in the city of Chongqing has charged six people with working together to blackmail government officials by recording videos of them having sex, the official Xinhua news agency reported on Wednesday.

Created 2 hours ago


Death toll rises to 28 in Freeport Indonesia mine accident
Death toll rises to 28 in Freeport Indonesia mine accident
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JAKARTA (Reuters) - The death toll from a tunnel collapse at the world's second largest copper mine run by Freeport McMoRan Copper & Gold Inc's Indonesian unit was raised to 28 on Wednesday as rescuers gave up hope of finding any more survivors.
Created 2 hours ago