Editor Choice

  • World Bank picks health expert Kim as president
    2012-04-17 00:33:07 UTC

    WASHINGTON (Reuters) - The World Bank on Monday chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving developing countries frustrated with the selection process. Kim, a physician and anthropologist who makes for a somewhat unorthodox choice to head the global...
  • China stocks czar faces battle to win back investor trust
    2012-04-15 20:56:02 UTC

    SHANGHAI (Reuters) - In little over six months as China's top securities watchdog, Guo Shuqing has let loose a flurry of reforms targeting insider trading, market manipulation and dodgy disclosure that have hamstrung China's stock markets even as its economy surges. But China's more than 72 million retail investors, who account for ...
  • Stocks drop as economy put brakes on stock rally
    2013-01-31 00:36:57 UTC

    NEW YORK (AP) — Worries about the economy have slowed a January stock rally. After a month of impressive gains that brought the Dow within 200 points of a record, the markets have paused this week. Stocks started the day lower Wednesday after a report showed that the U.S. economy unexpectedly contracted in the fourth quarter...
  • China gives currency more freedom with new reform
    2012-04-14 05:24:12 UTC

    BEIJING (Reuters) - China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent financial markets. The People's Bank of China said it would allow the yuan to rise or fall 1 percent...
  • GM Uzbekistan 22 per cent decrease in car sales in Russia
    2012-04-13 17:18:37 UTC

    GM Uzbekistan JV sold 14,092 cars in Russia in January-March 2012, or 22.4 per cent less compared to the same period of 2011, the Automobile Manufacturers Committee of the Association of European Businesses said on Wednesday. In particular, 8441 Nexia cars (a 21.9 per cent decline compared to the same period of 2011) and 5651 Matiz ...
  • Ocampo to withdraw from World Bank race:sources
    2012-04-13 16:25:25 UTC

    WASHINGTON/BRASILIA (Reuters) - Former Colombian finance minister Jose Antonio Ocampo is set to withdraw his nomination for the World Bank presidency on Friday in an agreement among emerging and developing countries to coalesce around one nominee, three sources said. Nigerian Finance Minister Ngozi Okonjo-Iweala would remain as the ...
  • Wall Street rallies as global fears ebb, Google up late
    2012-04-13 01:09:01 UTC

    NEW YORK (Reuters) - U.S. stocks scored a second day of solid gains on Thursday, led by materials and energy stocks, as investors set aside weak figures on the domestic labor market. Rumors about strong growth figures due overnight from China helped wash away some of the worries that hit stocks during a five-day streak of losses tha...
  • Jobless claims cast cloud on labor market
    2012-04-12 17:28:31 UTC

    WASHINGTON (Reuters) - The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported, suggesting a cooling in the labor market recovery. Initial claims for state unemployment benefits increased 13,000 last week to a seasonally adjusted 380,...
  • Big banks face $638 billion shortfall on new rules
    2012-04-12 17:04:33 UTC

    LONDON/ZURICH (Reuters) - The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year. The Basel Committee of global regulators said if the new rules, known as Basel III, had been in force at the middle of last year, banks would have need...
  • Targeting the mobile market
    2012-04-11 20:15:45 UTC

    NEW YORK (Reuters) - It's not often that a two-year-old start-up becomes a $1 billion company. Yet Instagram, a popular smartphone application that allows users to tweak photos and share them with their friends, was paid that by Facebook Inc in a deal announced on Monday. The purchase of the San Francisco-based private company he...
  • Next generation of doctors sees gloomy future
    2012-04-11 16:46:39 UTC

    WASHINGTON (Reuters) - A majority of young doctors feel pessimistic about the future of the U.S. healthcare system, with the new healthcare law cited as the main reason, according to a survey released to Reuters on Wednesday. Nearly half of the 500 doctors surveyed think the Affordable Care Act, President Barack Obama's signature do...
  • Japan ship insurer sets new rules on Iran oil voyages
    2012-04-11 06:32:54 UTC

    TOKYO (Reuters) - Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States and European Union have tightened measures aimed at reducing Iran's oil trade, stemming the flow of...
  • Sanctions may cut Iran's oil output by 15 percent: U.S.
    2012-04-10 20:37:15 UTC

    (Reuters) - Iran's oil production could fall almost 15 percent this year due to reduced foreign investment, the U.S. Energy Information Administration (EIA) said on Tuesday in a report highlighting the growing strain on Tehran's oil sector even before factoring in the effect of new sanctions. Iran's production could fall about 500,0...
  • Early History of the Alamo: Battle of the Alamo
    2021-12-22 19:29:49 UTC

    <p>The Battle of the Alamo during Texas&rsquo; war for independence from Mexico lasted thirteen days, from February 23, 1836-March 6, 1836. In December of 1835, a group of Texan volunteer soldiers had occupied the Alamo, a former Franciscan mission located near the present-day city of San Antonio. On February 23, a Mexican force number...
  • Chevron finds leak in offshore Petrobras oil field
    2012-04-10 04:31:40 UTC

    RIO DE JANEIRO (Reuters) - U.S. oil company Chevron discovered an oil seep in an offshore Brazilian oil field run by Petrobras near the site of a November leak that led to civil and criminal charges and sparked concerns about some of the world's most promising deep sea reserves. No traces have been found on the surface, but droplets...
  • Monitor begins work overseeing mortgage pact
    2012-04-10 04:16:31 UTC

    (Reuters) - The man charged with making sure banks comply with a $25 billion mortgage settlement has a website, one employee and subleased space in a Raleigh, North Carolina, office tower. But after a judge's approval of the pact last week, Joe Smith said on Monday he will move quickly to add staff, hire professional firms and make ...
  • Anti-poverty group ONE pushes for G8 food deal
    2012-04-10 04:08:02 UTC

    OKLAHOMA CITY (Reuters) - Two white men accused of shooting five black people in Tulsa, Oklahoma, killing three of them, have confessed to authorities, media reports said on Monday, citing police and court documents. Jake England, 19, has admitted to police that he shot three of the victims and Alvin Watts, 33, has said that he shot...
  • Iran confirms oil exports’ drop
    2012-04-10 03:21:08 UTC

    Iranian oil ministry's official confirmed oil exports' decline because of the West sanctions over Iranian oil purchase and banking system. Director of international affairs for the National Iranian Oil Company, Mohsen Ghamsari, told Iranian Shargh Daily News that Japan practically decreased Iranian oil purchase. According to Japa...
  • Skilled-Worker Visas See a Surge in Demand
    2012-04-10 03:06:49 UTC

    Wall Street Journal- In a sign of the improving economy, the U.S. government saw a sharp rise in petitions for skilled-foreign-worker visas during the first week of this year's application season. The U.S. Citizenship and Immigration Services has received 25,600 petitions for H-1B visas since April 2, nearly twice as many as it receiv...
  • U.S. should lead to end World Bank tradition: Nigerian finance minister
    2012-04-10 02:42:52 UTC

    WASHINGTON (Reuters) - The United States should take the lead and break the long tradition of an American always heading the World Bank, Nigerian finance minister and a nominee for the top post Ngozi Okonjo-Iweala said on Monday. Speaking after a "marathon" three-and-a-half-hour interview by the World Bank board, Okonjo-Iweala said ...
  • The H-1B Visa Program
    2017-04-19 04:09:18 UTC

    <blockquote><h3>The H-1B Visa Program: A Primer on the Program and Its Impact on Jobs, Wages, and the Economy</h3> Every year, U.S. employers seeking highly skilled foreign professionals submit their petitions on the first business day in April for the pool of H-1B visa numbers for which U.S. Citizenship and Immigration Services (US...
  • Former FBI director James Comey's full statement
    2017-06-07 22:33:12 UTC

    <h2>Read Comey’s full statement here:</h2><blockquote><i>Chairman Burr, Ranking Member Warner, Members of the Committee. Thank you for inviting me to appear before you today. I was asked to testify today to describe for you my interactions with President-Elect and President Trump on subjects that I understand are of interest to you. I ...
  • Roger Ailes, founder of the right wing TV channel Fox "News" dead
    2017-05-18 17:11:31 UTC

    NEW YORK — Roger Ailes, founder and former chief executive of Fox "News", a right-wing nationalist political TV channel in US, that helped reshape the U.S. political landscape, has died at age 77. Ailes' widow, Elizabeth Ailes, announced his death in a statement posted on the Fox News website on Thursday. The cause of death was not ...
  • The "Barbaric" Turkish Strikes Against US-Backed YPG Fighters
    2017-04-25 16:00:06 UTC

    Syria — The air Turkish strikes in Syria targeted the YPG - a key component of the Syrian Democratic Forces (SDF), which are backed by the United States and have been closing in on ISIS the "Islamic State" bastion of Raqqa. The Turkish raids showed the challenges facing U.S.-led attempts to defeat Islamic State in Syria and risks in...
  • California: Earthquake Rattles East Bay
    2017-06-21 21:59:06 UTC

    <blockquote><h3>earthquake, earthquakes today, earthquake today, earthquake bay area, usgs earthquake map, usgs</h3><hr> <strong>Bay Area</strong> — Dozens of residents of El Cerrito, Berkeley, Albany, El Sobrante, Richmond reported feeling the earthquake. It was also felt in San Francisco, and the interior East Bay. • 1 km (1 mi...