Wires

  • BEIJING, Dec 3- Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China's insurance watchdog said on Saturday. Vice chairman Chen Wenhui of the China Insurance Regulatory Commission said at a forum in Beijing that the insurance industry was "incorrect"...

  • BEIJING, Dec 3- China aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People's Bank of China said on Saturday. Fan told a forum in Beijing that China has a significant number of private investors with sufficient capital and the appetite for risk...

  • JOHANNESBURG, Dec 3- President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings downgraded the local debt of Africa's most industrialized country by one notch on...

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10- minute telephone call with Taiwan's leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic...

  • CANNON BALL, N.D., Dec 3- U.S. military veterans will meet with tribal leaders on Saturday as they continue to entrench themselves in a North Dakota camp where thousands of activists are protesting a multibillion-dollar pipeline project near a Native American reservation. Wesley Clark Jr, a writer whose father is retired U.S. Army General Wesley Clark, met with...

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10- minute telephone call with Taiwan's leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic...

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, the first such contact between the two sides in nearly four decades, but China dismissed the call as a "petty action" by the self-ruled island it claims as its own. The 10- minute telephone call with Taiwan's leadership was the first by a U.S....

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, the first such contact between the two sides in nearly four decades, but China dismissed the call as a "petty action" by the self-ruled island it claims as its own. The 10- minute telephone call with Taiwan's leadership was the first by a U.S....

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, the first such contact between the two sides in nearly four decades, but China dismissed the call as a "petty action" by the self-ruled island it claims as its own. The 10- minute telephone call with Taiwan's leadership was the first by a U.S....

  • President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, a call China dismissed as the "petty action" of a self-ruled island it claims as its own. The 10- minute telephone call was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter switched diplomatic recognition from Taiwan to China...

  • DUBAI, Dec 3- OPEC will meet non- OPEC countries to finalise a global oil limiting pact on Dec. 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting was due to take place in the Russian capital Moscow, but later said that plan had changed. OPEC agreed this week to reduce output by around 1.2 million barrels per day beginning in...

  • President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but China, which considers the self-ruled island its own, said it was confident Washington's "one China" policy would not change. The 10- minute telephone call was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter switched...

  • President-elect Donald Trump spoke by phone on Friday with President Tsai Ing- wen of Taiwan, a move that is likely to infuriate China, which considers the self-ruled island its own, and complicate U.S. relations with Beijing. The conversation was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter switched...

  • NEW YORK, Dec 2- Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October after New York state enacted a law imposing fines of up to $7,500 on hosts who advertise illegal...

  • President-elect Donald Trump spoke by phone on Friday with Taiwanese President Tsai Ing- wen, a move that is likely to infuriate China and complicate U.S. relations with Beijing. The call was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter adopted a one- China policy in 1979.. There was no immediate comment...

  • CARACAS, Dec 2- President Nicolas Maduro said on Friday Venezuela would issue higher denomination bills "very soon" as soaring inflation and a crumbling currency leave the crisis-stricken country's largest note worth just 2 U.S. cents on the black market. Today 5,000 bolivars buy just over $1 on the black market, which exists because Venezuela introduced...

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. While Norwegian is already flying to New York and other U.S. cities, its ability to expand globally has been limited to the air rights that Norway...

  • WASHINGTON— Discount airline Norwegian Air Shuttle has won permission from federal authorities for its disputed plan to expand flights to the U.S. The Transportation Department said in a regulatory filing Friday that it approved a foreign air-carrier permit for the subsidiary, which is called Norwegian Air International. Norwegian Air Shuttle already...

  • Attorney General Loretta Lynch has issued a video statement just days before a federal deadline, calling on all parties in the Dakota Access oil pipeline dispute to avoid violence. Lynch says the Justice Department is trying to open lines of communications between law enforcement and protesters. She says that's included the "active engagement" of the Office...

  • MEXICO CITY, Dec 2- Mexico's peso ended the week slightly higher, but remained vulnerable to concerns about shifts in U.S. trade policy under the incoming administration of U.S. President-elect Donald Trump while Brazil's real wobbled on uncertainty over fiscal reform. Trump has threatened to curtail trade with Mexico, which sends about 80 percent of its...