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Wires

  • PARIS, Nov 18- Saad al-Hariri, who resigned as Lebanon's prime minister this month while in Saudi Arabia, arrived in Paris on Saturday as part of French mediation efforts aimed at trying to ease tensions across the region. French President Emmanuel Macron, who welcomed Hariri with a warm embrace at the Elysee Palace for talks and a family lunch, leveraged France's...

  • *Freeport says evacuation plan to begin immediately. TIMIKA, Indonesia, Nov 18- U.S. miner Freeport-McMoRan Inc is evacuating spouses and children of workers from its giant Indonesian copper mine after a string of shootings in the area raised security concerns. Freeport has asked family and household members of its employees to prepare over the weekend for a...

  • FRANKFURT, Nov 18- Volkswagen will invest 22.8 billion euros in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars. Most of that sum, around 14 billion euros, will be spent in Germany, Volkswagen said, adding that one of the key measures included a 1...

  • *Aminbuhe arrested on Oct. 11, detained in Rizhao- SouthGobi. Nov 17- Coal miner SouthGobi Resources Ltd said on Friday Chairman and Chief Executive Officer Aminbuhe was arrested on Oct. 11 and detained at the Rizhao City Detention Center in China as a suspect in a fraudulent loan case. Vancouver- based SouthGobi, whose primary market is China, operates its flagship...

  • WASHINGTON— The White House has sent Congress a $44 billion disaster aid request that's already under attack from lawmakers from hurricane-hit regions as way too small. The request issued Friday, President Donald Trump's third since hurricanes Harvey, Irma and Maria slammed the Gulf Coast and Caribbean, would bring the total appropriated for disaster...

  • LEBANON'S RESIGNED PM HARIRI TOLD PRESIDENT AOUN BY PHONE THAT HE WILL BE IN LEBANON BY WEDNESDAY- LOCAL TV.

  • WASHINGTON— The ultra-wealthy, especially those with dynastic businesses— like President Donald Trump and his family— do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Tax rates on their sales would be reduced under the Senate bill. And an estimated 13 million Americans could lose...

  • CAIRO, Nov 18- Saudi Arabia has summoned its ambassador in Germany home for consultations over comments allegedly made by German Foreign Minister Sigmar Gabriel during a meeting with his Lebanese counterpart, the Saudi Foreign Ministry said on Saturday. The controversy revolves around the unexpected resignation of Lebanese Prime Minister Saad al-Hariri...

  • PARIS, Nov 18- Lebanon's Saad al-Hariri arrived in Paris on Saturday ahead of talks with French President Emmanuel Macron, French media reported. Hariri, who sparked a crisis by resigning as Lebanese prime minister on Nov. 4 while on a visit to Saudi Arabia, was seen leaving a Paris airport, French TV station BFM TV reported. Macron said on Friday he would welcome...

  • MILAN, Nov 18- Italy's Banca Carige secured backing from core shareholders and underwriters for a vital 560 million euro cash call needed to stave off the threat of being wound down. Carige's last-minute failure to sign the underwriting accord had sent tremors across Italy's banking sector, triggering a recent sell-off in shares of other lenders seen as...

  • TIMIKA, Indonesia, Nov 18- U.S. miner Freeport-McMoRan Inc is evacuating spouses and children of workers from its giant Indonesian copper mine after a string of shootings in the area raised security concerns, company sources said. The move follows efforts by Indonesian authorities on Friday to evacuate villages near Freeports Grasberg mine in the eastern...

  • The Nebraska Public Service Commission was scheduled to rule Monday if a Keystone XL expansion pipeline proposed by TransCanada Corp. can cross the state. Keystone operator TransCanada Corp. shut down the existing pipeline early Thursday morning and workers were testing to determine the cause of the spill on agricultural land in Marshall County, South...

  • BEIJING, Nov 18- China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalise on China's rapidly growing fintech sector. AiBank is one among several tie-ups between an internet firm and a lender in China's booming online finance market where technology gurus like Alibaba Group...

  • LIMA, Nov 17- Peru's largest construction company, Graña y Montero, is hoping to win major mine contracts to replace lost business, its chairman said on Friday, as it seeks to minimize the fallout from its links with Brazil's scandal-plagued builder Odebrecht. Anglo American has said it plans to invest $5 billion in its Quellevaco mine, while Minsur expects to...

  • BEIJING, Nov 18- China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment. China's housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the...

  • Shiekh Shoes, which also sells streetwear apparel, has about 120 stores across 10 states stretching from California to Tennessee. Shiekh Shoes is talking to four to five banks about funding to avoid filing for bankruptcy, he said, adding that he is not in default with any creditors or landlords. Shiekh Shoes renovated stores to meet demands from suppliers, who...

  • BEIJING, Nov 18- China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in a tighter liquidity environment and amid government measures to cool the property boom. Average new home prices in China's 70 major cities rose by 0.3 in October from the previous month, compared with a...

  • WASHINGTON, Nov 17- The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing. The public can comment on NHTSA's decision until Dec. 18 on both Ford and Mazda's petitions.

  • WASHINGTON, Nov 17- Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry. But two bank trade groups noted in a letter to the Senate Finance Committee that a provision to fight tax dodging by multinationals could...

  • ATLANTA— Delta Air Lines says U.S. regulators have given the green light to a joint venture with Korean Air, and the carriers are waiting for approval from the South Korean government. Delta said Friday that the U.S. Department of Transportation approved the arrangement. Joint ventures have become common since the first one involving Northwest Airlines and...