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Wires

  • *Aseman Airlines plane crashed 50 minutes after take-off. DUBAI, Feb 18- All 66 passengers and crew aboard a plane that crashed in central Iran on Sunday were believed to have been killed, state media reported. The plane operated by Iranian carrier Aseman Airlines crashed in a mountainous area near the town of Semirom after taking off from Tehran's Mehrabad...

  • BERLIN, Feb 18- U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents. There has been growing scrutiny of diesel vehicles since Volkswagen admitted in 2015 to installing secret...

  • MUMBAI, Feb 18- India's City Union Bank said on Sunday that "cyber criminals" had hacked its systems and transferred nearly $2 million through three unauthorised remittances to lenders overseas via the SWIFT financial platform. City Union said on Saturday it had been able to block one of the remittances, totalling $500,000, that was being sent through a Standard...

  • DUBAI, Feb 18- An Iranian passenger plane with 66 people on board crashed in central Iran on Sunday during a flight from Tehran to the city of Yasuj in the southwest of the country, Iranian media reported. The ATR-made plane operated by Iranian carrier Aseman Airlines crashed in a mountainous area near the town of Semirom, news agency ISNA quoted emergency...

  • DUBAI, Feb 18- Most major Gulf stock markets edged up in early trade on Sunday although Dubai fell, partly because of a continued slide in Shuaa Capital. But Buruj Cooperative Insurance sank 6.3 percent after reporting a 62 percent decline in fourth-quarter net profit, as gross written premiums fell. In Dubai, however, the index slipped 0.6 percent as Shuaa, which...

  • MEXICO CITY, Feb 18- Mexico's political parties will formally choose presidential candidates on Sunday, setting the stage for a race between a leftist holding a strong lead, a young leader of a right-left coalition catching up, and a trailing ruling party candidate. The former Mexico City mayor has held a double-digit lead in most polls since last year and his...

  • WASHINGTON, Penn. Feb 18- Mark Marran, an operations manager for a Fortune 500 company, voted for Donald Trump. "A lot of people around here think were a giveaway to the rich," said Marran, 56, a resident of this city of 14,000 about 30 miles southwest of Pittsburgh. These are worrying words for the GOP, which is banking on the tax cuts pushed by President Trump to help...

  • DUBAI, Feb 18- Middle Eastern stock markets may have an upward bias on Sunday because of a gradual recovery in oil prices and in Egypt's case, last week's interest rate cut, although there appears to be little reason for any strong rise in equities. Wall Street closed marginally firmer on Friday while Brent oil continued its gradual recovery, settling up 51 U.S....

  • Feb 17- U.S.-based Russian news outlet RIA Global LLC has registered as a foreign agent with the U.S. Justice Department, the fourth Russian-linked media company to do so since November under pressure from the U.S. government. Those charged included St. Petersburg- based Internet Research Agency known for its trolling on social media. A contract accompanying...

  • Special Counsel Robert Mueller unsealed an indictment accusing 13 Russians and three Russian companies of conducting a criminal and espionage conspiracy using social media to interfere in the election by boosting Republican Donald Trump and denigrating Democratic candidate Hillary Clinton. "If you run an ad mentioning a candidate, we are going to mail...

  • Feb 17- U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc said. It raised its offer to $82 per share in cash and stock on Feb. 5 and offered other concessions, including paying an $8 billion breakup fee in the event...

  • LONDON— Latvia's state broadcaster says the national anti-corruption agency has raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. Latvia is a member of the European Union and uses the euro as its currency. As the head of the central bank, Rimsevics is on the European Central Bank's council of monetary policy...

  • WILMINGTON, Del., Feb 17- Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags. Takata and its U.S. unit, TK Holdings Inc, filed for bankruptcy last year in the wake of the...

  • Feb 17- A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck& Co Inc.. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. The December 2016 verdict followed a...

  • LONDON— Christopher Bailey's final show as Burberry creative director dominated London Fashion Week on Saturday. Newcomer Simone Rocha and veteran Jasper Conran were among the designers showcasing their latest styles as fashion week kicked into high gear. The affection was for Christopher Bailey, who is leaving Burberry later this year after serving as...

  • NEW DELHI/ MUMBAI, Feb 17- India's federal police detained two employees of Punjab National Bank, the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country's biggest-ever bank scam. India's Income Tax department warned in an internal note seen by Reuters that domestic banks could...

  • NEW DELHI, Feb 17- Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated. As of March 2017, banks had extended loans and guarantees worth 176.32 billion rupees to companies tied to...

  • NEW YORK— This month's sell-off for stocks marked the first big test of investors' mettle in years. At Fidelity's retail brokerage, for example, customers continued to put in more buy orders than sell orders after the S&P 500 began falling from its peak set on Jan. 26. "Millennials and Gen Xers are definitely taking advantage of these prices and taking advantage of...

  • NEW YORK— The Weinstein Co. thought it had found a path to survival. Unmoved, New York Attorney General Eric Schneiderman threw a wrench in the deal, filing a lawsuit against the company partly out of concern that executives who failed to protect Harvey Weinstein's accusers would continue to run the operation. You need to disrupt the disease within the culture...

  • Feb 17- A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck& Co Inc.. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. The December 2016 verdict followed a...