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  • *Sri Mulyani Indrawati back in post held under last president. JAKARTA, July 27- Indonesian President Joko Widodo pleased market reform advocates by bringing home the World Bank's managing director to be finance minister and upset human rights activists by naming a controversial ex-general as security chief. In 2010, Indrawati joined the World Bank after...

  • WASHINGTON— A senior senator is examining whether Medicare's prescription drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications. Grassley acted after The Associated Press reported on Medicare data that show spending for high-cost drugs covered under the program's "catastrophic" protection...

  • NEW YORK— Well at least the Democrats and the Republicans agree on something at their conventions: They both want to revive a Depression-era bank law that was abolished more than 15 years ago. The platforms of both parties call for the reinstatement of the Glass-Steagall Act, a law that would lead to the breakup of major U.S. banks like JPMorgan Chase in order to...

  • NEW DELHI— "Pokemon Go," the highly addictive online game, has landed in India and thousands are out searching for pokemon characters as the mania spreads. Although it has not been launched officially in India, the augmented-reality-based game has caught on, with fans also using virtual private networks to change their locations and catch pokemons in New York and...

  • WASHINGTON— With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants to see further gains before raising interest rates again. "If we get decent economic news between now and September, I think the odds...

  • SEATTLE— University of Washington biology professor Adam Summers no longer has to coax hospital staff to use their CT scanners so he can visualize the inner structures of sting ray and other fish. Last fall, he installed a small computed tomography, or CT, scanner at the UW's Friday Harbor Laboratories on San Juan Island in Washington state and launched an...

  • *Chicago wheat edges higher after Tuesday's over 3 pct fall. SINGAPORE, July 27- Chicago wheat rose on Wednesday as the market recovered from a more than three percent fall in the previous session, supported by a widely watched crop tour that found lower U.S. spring wheat yield prospects. The Chicago Board Of Trade's most-active wheat contract rose 0.4 percent to...

  • July 26- Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall. Demand for Apple's phones has waned in China, partly because of economic uncertainty there, and has also slowed in...

  • SPARKS, Nevada, July 26- Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. While some analysts have questioned how profitable the Model 3 will be, Musk on Tuesday said he expects the car to generate $20...

  • State Street is paying at least $382.4 million under the settlement with the Department of Justice, to settle allegations that it deceived some clients of its indirect foreign currency exchange services, the Department of Justice said in a statement. The amount includes $155 million to be paid to the Justice Department, $167.4 million in disgorgement and...

  • SYDNEY, July 27- U.S. wheat edged higher on Wednesday, rebounding from losses of more than 3 percent in the previous session, drawing support a widely watched U.S. crop tour that pegged yields below five-year average levels. *The most active wheat futures Chicago Board Of Trade rose 0.1 percent to $4.15-1/ 2 a bushel, having closed down 3.3 percent on Tuesday.

  • PANAMA CITY— Panama Canal authorities say a Chinese container ship's damaging scrape with the canal's new wider locks was caused by bad weather and the vessel not lining up correctly. Canal administrator Jorge Quijano said Tuesday there was intense rain, poor visibility and winds between 30 and 40 knots when the ship carrying 9,000 containers was using the...

  • North Korean leader Kim Jong Un

    North Korea's foreign minister said the United States had destroyed the possibility of a nuclear-free Korean peninsula, Yonhap reported

  • THURSDAY, JULY 28 NEW HAVEN, United States- European Central Bank board member Benoit Coeure speaks at the Yale Forum on financial crisis management organised by U.S. Department of Treasury in New Haven- 1800 GMT. CAMBRIDGE- Federal Reserve Bank of San Francisco President John Williams participates in a policy dialogue on "What's Left in the Fed's Tool Kit?"

  • Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015.

    The Philippines pushed hard for The Hague's ruling to be included a joint ASEAN statement, Manila's foreign minister said.

  • SPARKS, Nevada, July 26- Tesla Motors Inc's "master plan" to broaden the electric vehicle maker's product line could cost "tens of billions" of dollars over time and would likely require a "modest capital raise," Chief Executive Elon Musk said on Tuesday. Speaking at a formal unveiling of Tesla's $5 billion battery "gigafactory" outside Reno, Nevada, Musk said the new...

  • NEW YORK— The Latest on arrest of three charged in two bank heists that netted about $5 million in cash, diamonds, jewelry, coins and baseball cards from safe deposit boxes:. Two of the three Brooklyn suspects charged in a duo of Hollywood style bank heists that netted about $5 million in cash, diamonds, jewelry, coins and baseball cards from safe deposit boxes have had...

  • THE WOODLANDS, Texas _ Western Gas Equity Partners L.P. on Tuesday reported second-quarter net income of $88.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Western Gas Equity shares have increased almost 3 percent since the beginning of the year.

  • RENO, Nev., July 26- Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. A "modest capital raise" could be needed to fund Tesla's strategic plans, and new products in the plan could cost "tens of billions" over time, Musk said at a press conference...

  • HOUSTON _ Oil States International Inc. on Tuesday reported a second-quarter loss of $11.7 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share. Oil States International shares have risen roughly 7 percent since the beginning of the...