Wires

More

  • COLUMBUS, Ohio— A federal trial over a $100 million investors' lawsuit against Venezuela includes allegations of fraud, hints of an international criminal conspiracy, and references to diamonds, German junk bonds and a mysterious house fire in Switzerland. Venezuela has confirmed the debts belonging to an agricultural development bank known as Bandagro are...

  • FRANKFURT, Feb 14- A high-ranking employee warned senior Volkswagen managers in May 2014 that U.S. regulators might examine car engine software as part of an investigation into pollution levels, two sources familiar with the matter said on Sunday. The U.S. Justice Department is suing the company for up to $46 billion for alleged violations of environmental law...

  • The documents show the company pushing to speed up the improvements to Vermont Route 22 A, a road on the western side of the state and a link in the most direct route from the former IBM— now GlobalFoundries— computer chip plants in Essex and Williston to company facilities in New York state. And they point to these incentives coming in exchange for a promise that "up...

  • DENVER— When sisters Caroline Clark and Dianne Rissman set up their quilt shop in the house on their family farm in Iowa 2004, vendors they would call about fabric or thread would helpfully tell them it would be easier to order on line. Last year, their Forest Mills Quilt Shop shipped kits and materials to 27 states and Canada. Allamakee- Clayton cooperative...

  • *Next regular OPEC meeting scheduled for June. Oil prices have slumped by more than 70 percent to near $30 a barrel over the past 18 months as OPEC, led by top producer Saudi Arabia, sought to drive higher-cost producers out of the market by refusing to cut production despite a supply glut. The price crash has crippled some economies that depend heavily on oil sales...

  • NIGERIA OIL MINISTER SAYS WILL HAVE TALKS WITH SAUDI AND QATARI COUNTERPARTS.

  • GROWING APPETITE INSIDE OPEC FOR CONSENSUS ON MEASURES TO END OIL GLUT- NIGERIA OIL MINISTER.

  • SINGAPORE/ LONDON, Feb 14- Three liquefied natural gas traders at Asia's biggest commodity trade house, Noble Group Ltd, including two co-heads of the team, are leaving to join rival trader Glencore, sources familiar with the matter told Reuters. The sources said that Noble will continue to trade LNG, having restarted its London- based trading desk in 2014.

  • WASHINGTON, Feb 14- Republican lawmakers and presidential candidates hardened their positions on Sunday on blocking a move by President Barack Obama to replace the late conservative Justice Antonin Scalia on the Supreme Court, a lifetime appointment that would help decide some of the most divisive issues facing Americans. "We ought to make the 2016 election...

  • ALBANY, N.Y.— New York may allow the parents of young children to defer a piece of their state income taxes to help cover the cost of child care. "Child care, next to the mortgage, is the biggest expense we have," said Tom Devaney, a grant writer in the Long Island town of Mineola. Child care in New York costs more than $10,000 a year on average, rivaling the cost of housing as the...

  • BATH, Maine— Development of a futuristic weapon depicted in video games and science fiction is going well enough that a Navy admiral wants to skip an at-sea prototype in favor of installing an operational unit aboard a destroyer planned to go into service in 2018.. The Navy has been testing an electromagnetic railgun and could have an operational unit ready to...

  • TEHRAN, Iran— Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday. Iran plans to add one million barrels to its oil production following implementation of the nuclear deal, which lifted international sanctions in exchange for Iran restricting...

  • PARIS, Feb 14- A deal for French telecoms group Orange to take over its rival Bouygues is imminent and a preliminary agreement could be presented on Tuesday when Orange publishes its 2015 earnings, French weekly le Journal du Dimanche reported on Sunday. In all, Free would spend between 3 to 3.5 billion euros and SFR 2.5 billion on the deals, it reported.

  • NYAHURURU, Kenya— This Valentine's Day, there's a good chance your flowers came from Kenya. "I know the flowers are for giving on Valentine's Day," said Phanice Cherop, a worker at a flower farm in Kenya. Such conditions have helped make Kenya become the world's fourth-biggest supplier after the Netherlands, Ecuador and Colombia.

  • Forging a common front and encouraging bolder rhetoric against Chinese assertiveness in the South China Sea, however, will be a challenge among the diverse collection of VIP guests, who did not criticize China by name in past joint summit statements as the disputes flared on and off in recent years. Only four of its 10 member states are locked in the disputes with...

  • LONDON, Feb 14- Investors are being tempted by the mineral riches of Iran, which has opened for business after the lifting of sanctions as part of a nuclear deal. *Iron ore- Iran produced 34 million tonnes of iron ore in 2014 and has 2.7 billion tonnes of reserves. In 2014, Iran launched the Zarshuran plant, which it billed as the biggest gold processing operation in the...

  • *Iran has one of the world's biggest zinc deposits. *India considering $2 bln aluminium smelter in Iran. "Iran absolutely has world class mining assets, which have hitherto been shrouded from investors, but we're in the depths of one of the darkest, worst downturns in mining for some time," said Neil Passmore, chief executive of Hannam& Partners boutique merchant bank...

  • *Big cities still growing despite slowing economies. JOHANNESBURG, Feb 14- Africa's biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are still investment bright spots to be found. In cities such as Lagos, Nairobi, Accra, Kinshasa and Johannesburg, growth remains robust and investors are prospering in the...

  • BEIJING, Feb 14- China's commerce ministry has expressed its concern over European Union's anti-dumping investigations into Chinese steel products and said that trade frictions should be solved through dialogue. The European Union on Friday launched investigations into whether Chinese seamless pipes, heavy plates and hot-rolled flat steel were being...

  • *Biggest brand India has ever created- Modi. MUMBAI, Feb 14- Thousands of people and mascots of lions swarmed the weekend opening of a "Make in India" drive to attract foreign direct investment, pitched by Prime Minister Narendra Modi as "the biggest brand that India has ever created". But even as the Make in India hype scales new heights, some bosses question Modi's...