×

Wires

  • *Governor Rimsevics also sits on ECB Governing Council. RIGA, Feb 18- Latvia's anti-corruption agency has detained central bank Governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investigation. But in a statement sent to Reuters he did not say why Rimsevics, a member of the European Central Bank's interest rate-setting Governing...

  • BERLIN, Feb 18- The secretary general of Chancellor Angela Merkel's Christian Democrats, Peter Tauber, is giving up his job after a period of illness, party sources said on Sunday. Tauber took no part in coalition negotiations with the Social Democrats this year and wanted to clear the way for a new secretary general to be elected at a CDU party congress on Feb. 26, the...

  • LOS ANGELES, Feb 18- Disney-Marvel's "Black Panther" is heading for a super-heroic $218 million debut over the four-day President's Day weekend at 4,020 North American locations, estimates showed Sunday. That number means that "Black Panther," starring Chadwick Boseman and directed by Ryan Coogler, has doubled its original tracking in less than a month.

  • *Nippon Steel fears U.S. action may flood Asia with steel. TOKYO, Feb 19- Nippon Steel& Sumitomo Metal Corp, Japan's biggest steelmaker, is worried that potential U.S. trade action to cut steel imports could flood Asia with products and that the yen's recent surge may hurt customers such as carmakers. "If any measure comes, it will loosen steel markets, sending supplies...

  • DUBAI/ KHOBAR, Saudi Arabia, Feb 18- Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for struggling companies seeking to restructure debt...

  • The Marvel superhero film blew past expectations, with $192 million in ticket sales in North America over the weekend, according to studio estimates Sunday. The studio forecasts a four-day holiday weekend of $218 million in the U.S. and Canada, and a global debut of $361 million. Though the film's international footprint doesn't include several of the largest...

  • NEW DELHI/ MUMBAI, Feb 18- The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies. The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi...

  • NEW YORK— For families who have searched years for missing loved ones, donating a sample of their DNA is often a last, desperate act to confirm their worst fears. New York City's medical examiner is leading a nationwide effort to collect genetic material and match it with unidentified human remains. "Part of you hopes they never call you, because if they call, that...

  • *Aseman Airlines plane crashed 50 minutes after take-off. DUBAI, Feb 18- All 65 passengers and crew were feared dead in a plane crash in central Iran on Sunday after the domestic flight came down in bad weather in a mountainous region. The Aseman-operated plane crashed near the town of Semirom after taking off from Tehran's Mehrabad airport, emergency services...

  • Places such as Pittsburgh, Philadelphia and Detroit are touting their populations of people of color to chief executives and other corporate officials as part of being open for business. "For Pittsburgh and southwestern Pennsylvania, ethnic and racial diversity has been an integral part of our history and a rich part of our narrative," said Stefani Pashman, CEO...

  • *Governor Rimsevics also sits on ECB Governing Council. RIGA, Feb 18- Latvia's anti-corruption agency has detained central bank governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investigation. In a statement to Reuters, Latvia's Prime Minister Maris Kucinskis did not say why Rimsevics, a member of the European Central Bank's...

  • *Dubai hit by weak property prices, mediocre quarterly earnings. DUBAI, Feb 18- Dubai's stock market again underperformed in a sluggish Gulf on Sunday while local institutional investors boosted Qatar and Egypt rose after an interest rate cut at the end of last week. The Dubai index fell 1.2 percent in thin trade to its lowest level since November 2016 as real...

  • NEW YORK— Kenneth Chenault was chief executive officer and chairman of American Express until January 31. In his last interview before retiring, Chenault talked to The Associated Press about the new tax law, being a black CEO, and what greater competition means for AmEx. A: I think that a lower corporate tax rate will in fact spur the economy in the long term, and for...

  • Tax returns surge over Presidents Day weekend, with the IRS saying it receives more phone calls on the day after Presidents Day than on any other day of the year. Taxpayers whose income is $66,000 or less can use IRS Free File, also accessible on the main site, to access free tax-preparation software. Filing online is the most accurate, safest and easiest way to file,...

  • LONDON— Latvia's top banking official, a key member of the European Central Bank, was detained Sunday after being questioned for hours by anti-corruption authorities amid accusations of bribery and money laundering in the European nation's financial system. Prime Minister Maris Kucinskis confirmed that Rimsevics, 52, was being detained, but didn't...

  • LONDON, Feb 18- Students at British universities could be charged variable tuition rates that reflect the economic value of their degrees, Minister for Education Damian Hinds said on Sunday, before the launch of a review of higher education funding. University tuition fees in England are high compared with elsewhere in Europe at around 9,000 pounds a year, and...

  • 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...

  • *Aseman Airlines plane crashed 50 minutes after take-off. DUBAI, Feb 18- All 66 passengers and crew were believed to have been killed in a plane crash in central Iran on Sunday, an airline spokesman said, after the domestic flight came down in bad weather in a mountainous region. Operated by Iranian carrier Aseman Airlines, the plane crashed near the town of Semirom...

  • RIGA, Latvia— The prime minister of Latvia says the country's top central banker has been detained following questions from the national anti-corruption agency. Maris Kucinskis issued a statement Sunday confirming that Ilmars Rimsevics, a policymaker of the European Central Bank, was detained. The anti-corruption agency, the Bank of Latvia and the European...

  • A man enter the doors of the 'WeWork' co-operative co-working space in Washington, DC.

    WeWork's Dock 72 building will blur the line between work and life for start-up and corporate workers.