Wires

  • JACKSON HOLE, Wyo., Aug 27- Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market "has strengthened" the case for the first rate increase since last December, Fed Chair Janet Yellen told a central banking conference in Jackson...

  • BERLIN, Aug 27- The head of Germany's Federal Office for Migration and Refugees told a German newspaper that he expected a maximum of 300,000 refugees to arrive in Germany this year. Weise said Germany took in fewer migrants in 2015 than previously thought because some were registered twice and others had moved on to other destinations. "We'll present the exact...

  • JACKSON HOLE, Wyo., Aug 27- Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help. These would range from immigration reform in Japan to structural changes to boost...

  • Submarine builder General Dynamics Electric Boat, based in Groton, Connecticut, delivered the submarine that will become the USS Illinois to the Navy on Saturday after nearly five and a half years of construction. It took thousands of shipyard employees in Connecticut, Rhode Island and Virginia and submarine supply businesses nationwide to build the $2.7...

  • NEW ORLEANS— A Southwest Airlines flight bound for Orlando, Florida, made an emergency landing Saturday morning due to a major problem with one of its two engines. Flight 3472 from New Orleans diverted the airplane to Pensacola, Florida, after the pilot detected something had gone wrong with an engine, according to a Southwest statement. The jet, a Boeing 737-700,...

  • JACKSON HOLE, Wyo., Aug 27- The recent dip in inflation in Japan may mean inflation expectations are not yet anchored at the Bank of Japan's two percent target, and the bank will approve more quantitative easing or lower negative interest rates "without hesitation," BOJ Governor Haruhiko Kuroda said on Saturday. "It could be that long term inflation expectations are...

  • BISMARCK, N.D.— A man working on the four-state Dakota Access oil pipeline was killed in an apparent accident in western North Dakota, a state regulator said Saturday. The man was working as subcontractor for Dallas- based operator Energy Transfer Partners, which is building the nearly 1,200- mile pipeline from North Dakota to Illinois. "We are saddened to learn...

  • General Motors is recalling nearly 368,000 vehicles to fix a defective part that could prevent the windshield wipers from working. The problem affects the 2013 models of the Chevrolet Equinox and GMC Terrain. A report filed with government regulators says a GM manager in Canada spotted the potential safety hazard last December.

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed calls for local and international oil companies in Iraq to increase...

  • JACKSON HOLE, Wyo., Aug 27- The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday. In his paper, economist Ricardo Reis put forward a new way for the Fed to pay banks returns on the money they keep at the central bank, a tool...

  • HOUSTON— Wal-Mart's court fight to sell liquor at its stores in Texas looks to be back on track, but the courtroom is getting crowded. A federal appeals court is allowing a trade group representing liquor store operators to join a stalled federal lawsuit that the nation's largest retailer filed against the Texas agency that hands out permits to sell booze by the...

  • NEAR THE STANDING ROCK SIOUX RESERVATION, N.D.— Native Americans from reservations hundreds of miles away from North Dakota have joined the Standing Rock Sioux Tribe's growing protest against a $3.8 billion four-state oil pipeline that they say could disturb sacred sites and impact drinking water for 8,000 tribal members and millions further downstream.

  • Federal Reserve should scrap a plan to shrink its massive bond holdings and instead keep them "indefinitely" as a new and little-recognized tool to protect against financial shocks, according to research presented on Saturday to some of the world's top central bankers. Former Fed Governor Jeremy Stein and two colleagues at Harvard University concluded in a...

  • NEW YORK— People who hope to drive New York City's famous yellow cabs must pass tests on such details as driving rules and where they can pick up passengers. "If you're going to work in this country serving the population which is majority made up of American citizens that speak English, you probably should learn how to speak English," said Tanya Crespo, who was...

  • Resource-poor Japan has long been interested in tapping Africa's vast natural resources, even more so since dependence on oil and natural gas imports jumped after the 2011 Fukushima nuclear disaster shut almost all of Japan's nuclear reactors. This is an investment that has faith in Africa's future, an investment for Japan and Africa to grow together, "he told...

  • MILLINOCKET, Maine— Among the empty storefronts on once-bustling Penobscot Avenue, longtime resident Jean McLean stood in her art gallery, the sole employee left at a business that once had three. Yet many residents have opposed a significant proposal aimed at helping: the new Katahdin Woods and Waters National Monument, created this week by President Barack...

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices, its oil minister Jabar Ali al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. Iraq wants to "strengthen OPEC's role in achieving a balance in the oil market," Luaibi added, according to the spokesman, without...

  • *Baghdad needs revenue to finance war against Islamic State. BAGHDAD, Aug 27- Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Baghdad would not be able to reroute those volumes to Iran but could order...

  • NAIROBI, Aug 27- Japan's Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development on the continent. Resource-poor Japan has long been interested in tapping Africa's vast natural resources, even more so since dependence on oil and natural gas imports...

  • MOSCOW— A fire swept through a Moscow printing plant warehouse on Saturday, killing 17 migrant workers from Kyrgyzstan, Russia's emergency services said. The fire was caused by a faulty lamp on the first floor of the warehouse, where many flammable liquids and paper products were stored, and it spread quickly through an elevator shaft to the room where those who...