Wires

  • 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...

  • BEIJING, Aug 27- Revenues at China's Fortune 500 companies fell in 2016 for the first time in the history of the index, the official Xinhua news agency said on Saturday. "The continued increase in the number of loss-making companies in China's Fortune 500 reflects the grim structural adjustments and challenges facing China's largest companies," Wang Zhongyu,...

  • BEIJING, Aug 27- Revenues at China's Fortune 500 companies fell in 2016 for the first time in the history of the index, the official Xinhua news agency said on Saturday. Total revenues for China's Fortune 500 companies in 2016 amounted to 59.46 trillion yuan, the equivalent of 87.87 percent of China's 2015 GDP, Xinhua said. China's State Grid topped the list for the...

  • 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. This is an investment that has faith in Africa's future, an investment for Japan and Africa to grow together, "he told a gathering of at least 34 heads of state...

  • Last year, the U.S. ran a $334 billion trade deficit with China— $500 billion with the entire world. Hillary Clinton broke with President Barrack Obama by opposing an Asia-Pacific trade agreement that she had supported as secretary of state. Donald Trump vows to tear up existing trade deals and to slap huge tariffs on Chinese imports.

  • SYDNEY, Aug 27- Australian Prime Minister Malcolm Turnbull said on Saturday it was imperative for Australia to cut its high debt levels, urging newly elected opposition lawmakers to support his economic reform agenda when parliament resumes next week. "We are at a critical juncture," Turnbull told the annual gathering of the Queensland state branch of his...

  • The Federal Bureau of Investigation seized computers and other material on Friday from Manuel Alfaro, who left his job as executive director of assessment design and development at the College Board in February 2015. The FBI is investigating alleged computer intrusion and theft against an unidentified "victim corporation" involving "confidential or...

  • Aug 27- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 29 August Italy Bills auction 29 August France Auction of BTF treasury notes 30 August Italy Medium long-term auction 30 August Belgium Auction of Treasury bills 30 August Japan Auction of 2-...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

  • SATURDAY, AUGUST 27 SEOUL- South Korea Finance Minister Yoo Il-ho meets his Japanese counterpart Taro Aso- 0730 GMT. MONDAY, AUGUST 29 JOHANNESBURG- South African Reserve Bank Deputy Governor Daniel Mminele and Bundesbank executive board member Andreas Dombret will brief the media on the bilateral cooperation between the central banks of South Africa and...

  • SAN FRANCISCO— Facebook is taking new steps to reduce the role of human judgment in its "Trending Topics" feature, which drew controversy earlier this year over claims the service was suppressing conservative views. Although it denied bias, Facebook has sought to reassure users that it's not showing favoritism when it highlights stories that are drawing...

  • LOS ANGELES— In a Feb. 20, 2015 story about an antibiotic-resistant "superbug" outbreak at Ronald Reagan UCLA Medical Center, The Associated Press mischaracterized a statement an expert made about proving the cause of an infection. Lawrence Muscarella, a health care and sterilization expert, said he was suggesting an argument hospitals might use when he said, "...

  • BOSTON, Aug 26- Billionaire investor William Ackman said on Friday that Jordan Rubin, who had worked closely on Pershing Square Capital Management's controversial investment in battered drug maker Valeant Pharmaceuticals, is leaving the hedge fund. News of Rubin's departure comes roughly three months after William Doyle, another key figure in the bet, left...

  • NEW YORK, Aug 26- Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Investment firm Versa Capital Management LLC did not submit a bid for the business, the people said.

  • LAS VEGAS— A subsidiary of defense giant Lockheed Martin has been awarded a $5 billion contract to manage a vast federal Department of Energy reservation where the nation used to conduct nuclear testing north of Las Vegas. The announcement Friday by the National Nuclear Security Administration said a five-year contract with a five-year option went to...

  • CARACAS, Aug 26- Venezuela has signed over $5.5 billion in mining deals with companies including Canada's Barrick Gold Corp and China's Shandong Gold, President Nicolas Maduro said on Friday. Earlier this month, Maduro said Venezuela had struck $4.5 billion in mining deals with foreign and domestic companies. It was unclear if the $5.5 billion were part of the...