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World - Earthquake of magnitude 5.4 hits northeast of Rome: EMSC

LONDON (Reuters) - An earthquake with a magnitude of 5.4 hit central Italy on Wednesday, the European-Mediterranean Seismological Centre said. The quake was recorded 111 km (69 miles) northeast of Rome at a depth of 10 km, the center said on its website. (editing by John Stonestreet)

Wednesday, January 18, 2017  09:57


Business - South Korea`s Netmarble seeks M&As, U.S. expansion: founder

South Korea`s largest mobile game company, Netmarble Games Corp, is seeking more mergers and acquisitions and intellectual property rights to expand its share of the gaming market in North America and Europe, its founder said. The Tencent-backed firm - with plans for a public listing estimated at billions of dollars in the first half this year - aims to raise its ranking in key markets to reach its goal of becoming a global top 5 game company by 2020, Bang Jun-hyuk told Reuters. Netmarble wants to place within the top 10 in mobile games in China and Japan, Bang said on the sidelines of a news conference on Wednesday.

Wednesday, January 18, 2017  09:40


World - Hong Kong regulator sues Standard Chartered, UBS over IPO

Hong Kong`s stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city`s bourse. The Securities and Futures Commission (SFC) on Monday filed documents to the High Court alleging `market misconduct` in connection with China Forestry Holdings`s IPO, worth $217 million, and the firm`s financial statements for 2009 to the first half of 2010. Swiss giant UBS also said in October it could face a fine and suspension from sponsoring IPOs in Hong Kong over a listing in the city.

Wednesday, January 18, 2017  07:11


Top Stories - Tallest buildings rising in 2017

China is raising the stakes in the race for the `tallest` man-made structures: six of the 10 tallest buildings predicted to top out in 2017 are in this booming corner of the world.

Wednesday, January 18, 2017  07:02


World - Study forecasts balmier England, even hotter Mumbai

Northern Europe, Canada and Russia will enjoy balmier winters by century`s end even as the average number of mild days per year declines worldwide, a climate study said Wednesday. Using models based on mid-range global warming projections, American researchers calculated there will be 10 fewer days of mild weather per year globally by 2100. Today, the world enjoys 74 days of mild weather per year on average -- about 20 percent of the total.

Wednesday, January 18, 2017  06:20


Sports - Harden`s triple-double not enough for Rockets

The Miami Heat withstood Houston star James Harden`s 40-point triple-double on Tuesday to upend the Rockets 109-103 and snap a four-game NBA losing streak. Harden, who had six turnovers, had added 12 rebounds and 10 assists for his 13th triple-double of the season. `At least it wasn`t 60,` Heat coach Erik Spoelstra quipped of Harden`s gaudy points total.

Wednesday, January 18, 2017  05:14


Business - Sterling basks in glow of May`s Brexit speech; stocks slip

The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, while Asian stocks are set to drift lower following a weak Wall Street. Sterling saw its biggest daily rise since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain`s deal to leave the EU and sought to draw a line under discussion of a `hard` or `soft` Brexit. It was trading at 1.2392 against the dollar in early Asian hours after surging 2.9 percent to a 10-day high in the previous session.

Wednesday, January 18, 2017  01:46


Business - Cameco expects to report net loss for 2016, cut jobs at uranium mines

Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. `The current earnings expectations do...reflect the consequences of a continued weak uranium market and our resolve to make the necessary decisions to defend and preserve our core uranium business for the long-term benefit of our stakeholders,` Chief Executive Officer Tim Gitzel said in a statement. Cameco reported a 35 percent rise in uranium sales in the quarter ended Sept. 30, even at a time when uranium prices are near multiyear lows.

Wednesday, January 18, 2017  00:44


World - Russia adoption law discriminatory: European court

The European Court of Human Rights ruled on Tuesday that Russia`s policy of refusing to allow Americans to adopt Russian children was discriminatory, a decision Moscow said it would appeal. The court ordered Russia to pay damages to the 45 Americans who filed the case, who had hoped to adopt 27 children between 2010 and 2012. Many of the children had serious medical problems, including Down`s Syndrome or developmental disorders, requiring specialised treatment.

Tuesday, January 17, 2017  16:01


World - Hungary set to turn screws on Soros-backed NGOs

Hungarian NGOs have long felt the heat under strongman Prime Minister Viktor Orban -- but they now fear that, emboldened by Donald Trump`s victory, the right-wing premier will turn the screws even tighter. First in line may be groups backed by Hungarian-born billionaire financier George Soros, whose foundation once funded the Oxford studies of a young Orban more than 25 years ago. Last week the deputy head of Orban`s ruling party Fidesz, in power since 2010, said that non-governmental organisations should be `cleaned out of here`.

Tuesday, January 17, 2017  06:25

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