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  • ADDIS ABABA, June 18- Ethiopia appointed a new central bank governor on Monday, state-affiliated media said, in a move that follows major economic reforms. Yinager Dessie previously served as head of the National Planning Commission, a government body dealing with economic policy with the rank of a ministry. The Fana Broadcasting Corporation report did not say...

  • DETROIT— If President Donald Trump delivers on threats to slap 25 percent tariffs on imported automobiles and parts, experts say it will cut auto sales and cost jobs in the U.S., Canada and Mexico. Already the U.S. has imposed tariffs on some Chinese-made autos and parts, but extending them to Canada and Mexico would hurt the industry more. LMC Automotive Senior Vice...

  • June 18- Kraft Heinz Co is considering a sale of children's energy drink brand Complan in India, which could fetch about $1 billion, Bloomberg reported on Monday, citing people familiar with the matter. Reuters had reported in March that at least three companies including Kraft Heinz are expected to bid for GlaxoSmithKline's Horlicks health nutrition...

  • CAPE CANAVERAL, Fla.— The Latest on President Donald Trump announcing new "Space Force," other space initiatives.:. President Donald Trump is announcing that he is directing the Pentagon to create the' Space Force' as an independent service branch. Trump was joined by Vice President Mike Pence, NASA Administrator Jim Bridenstine, former astronaut Buzz Aldrin and...

  • *Vintage Capital sweetens offer to $15/ share. Plano, Texas- based Rent-A-Center has been under pressure from activist investors Engaged Capital and Marcato Capital to sell itself and said last week that a strategic review did not result in a satisfactory takeover offer. Following the announcement, Vintage Capital, which owns nearly 6 percent of the retailer...

  • BUENOS AIRES, June 18- Argentina's central bank said on Monday it will hike reserve requirements for banks by 5 percentage points in a move expected to soak up 100 billion pesos from the financial system after the latest run on the country's currency. In the first series of measures announced under new Governor Luis Caputo, who replaced Federico Sturzenegger...

  • Curt Durnil told reporters Monday that no one was injured in the derailment Sunday evening in Princeton. Princeton fire Chief Mike Pflug tells the Evansville Courier& Press that crews will probably let the fires burn out. The Gibson County Sheriff's Office says in a statement the train derailed Sunday evening about 2,100 feet west of a trailer park in...

  • *Athens signs deal with Skopje to end 27- year name dispute. Tsipras agreed a deal with his Macedonian counterpart at the weekend under which Greece's neighbour will be renamed "Republic of North Macedonia", a formulation offering a chance to end a 27- year dispute with Skopje that has bedevilled the European Union's eastward expansion. Tsipras acknowledges...

  • NEW YORK, June 18- Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger. Fujifilm accused Xerox of engaging in "intentional and egregious conduct" in calling off the merger, after the...

  • *FTSE 100 down 0.03 pct. LONDON, June 18- Britain's top stock index dipped on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe, weighing on multinational companies. The FTSE 100 fell 0.03 percent to its lowest since May 30 but substantially outperformed other European stock markets.

  • *Liberty majority owner Standard Bank backs insurer. JOHANNESBURG, June 18- Insurer Liberty Holdings faced questions from South Africa's Information Regulator on Monday, a day after the company said it had become the victim of a cyber attack. The regulator said it had written to Liberty's Chief Executive David Munro requesting information on the extent of the...

  • VIENNA, June 18- Harold Hamm, founder and chief executive officer of Continental Resources Inc, has canceled a scheduled appearance at an OPEC event this week in Vienna, a company spokeswoman said. Hamm is the third of five U.S. shale executives to withdraw from a scheduled speaking slot at the OPEC meeting in Vienna. It was unclear how China will replace that source...

  • LONDON, June 18- The pound fell on Monday as the dollar strengthened, with traders reluctant to buy sterling before a Bank of England policy meeting this week and another expected parliamentary confrontation over the government's Brexit plans. With an escalating trade dispute between the United States and China keeping broader currency markets cautious,...

  • *Intel and other chipmakers decline on China tariff. Boeing, the single largest U.S. exporter to China, fell nearly 1 percent, while construction equipment maker Caterpillar declined 1.4 percent. Intel was the biggest drag on the S&P 500 and the Nasdaq on China tariff concerns and a downgrade by Northland Securities.

  • RIO DE JANEIRO, June 18- Miner Anglo American clinched hundreds of permits this month to explore for copper in a remote part of northern Brazil, Brazilian authorities said, as the growing electric vehicle market and a scarcity of shovel-ready mining projects fuels demand for the metal. But the company confirmed it had received permission to explore for copper...

  • This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets. Company officials said the agreement initially would not involve any major new Google initiatives in China, where the company's main services are blocked over its refusal to censor search results in line with local laws.

  • LONDON, June 18- Global index compiler MSCI is considering including Saudi Arabia and Argentina in its emerging market indexes at a review of its widely-tracked benchmark on Wednesday, and could potentially announce candidates that may join its indexes in future. MSCI will decide whether to reclassify Saudi Arabia and its $526 billion bourse to "emerging"...

  • FRANKFURT/ DUESSELDORF, June 18- Thyssenkrupp's supervisory board is expected to decide whether to form a European steel joint venture with Tata Steel at the end of next week, bringing two years of talks to a head. Sources say the gap could be anywhere between 500 million and 3 billion euros, and closing it might include asking Tata Steel to transfer fewer...

  • BOGOTA, June 18- Colombian President-elect Ivan Duque has promised to unite a divided country behind his plans to toughen a peace accord with Marxist rebels and rekindle economic growth, but he will face major challenges when he takes office in August. The right-wing former senator comfortably won Sunday's election with 54 percent of votes against leftist...

  • ADDIS ABABA, June 18- Ethiopia plans to sell a 30 to 40 percent stake in its state-run telecoms monopoly to big telecoms companies and will split the company in two to spur competition, Prime Minister Abiy Ahmed said on Monday. Selling stakes in its lucrative telecoms monopoly and other assets could open Ethiopia, one of the world's largest untapped markets, to...