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Business - Fed seen holding rates steady as inflation watch continues


By Ann Saphir SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation. Central to the debate at the Fed`s July 26-27 policy meeting will be how to reconcile upbeat U.S. economic data, highlighted by strong job gains in June, with a global growth slowdown and other headwinds threatening the inflation trajectory. For San Francisco Fed President John Williams, one of the 17 members participating in the central bank`s rate-setting deliberations, all that is needed is a bit more confidence that inflation is indeed headed toward the Fed`s 2 percent target.


Tuesday, July 26, 2016  06:13

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Business - `Battlefield` TV show has an Oscar-winning executive producer



Tuesday, July 26, 2016  06:49

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World - Vettel supports Hamilton in yellow-flag row


Sebastian Vettel backed world champion Lewis Hamilton`s opinion that Nico Rosberg should have been penalised for driving through yellow flags in qualifying at the Hungarian Grand Prix. The four-time world champion on Monday repeated the view of race winner Hamilton by saying that it was a bad example to other drivers. `And next week, there`ll be a go-kart race somewhere and there will be a double yellow flag because somebody went off and the marshals probably go out to help him.


Monday, July 25, 2016  17:06

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World - Liverpool`s Allen makes Stoke switch


Stoke City have signed Wales international midfielder Joe Allen from Liverpool on a five-year deal, the two Premier League clubs announced on Monday. Stoke paid £13 million (15.5 million euros, $17 million) to make Allen the club`s second signing of the pre-season after tying up a deal for Egyptian teenager Ramadan Sobhi earlier in the day. Allen was named in UEFA`s team of the tournament as Wales reached the semi-finals of Euro 2016, but the 26-year-old struggled for playing time under Jurgen Klopp at Anfield last season.


Monday, July 25, 2016  21:35

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World - Liverpool snap up Dutch ace Wijnaldum from Magpies


Liverpool (AFP) - Dutch international Georginio Wijnaldum`s eye-catching performances for Newcastle in their failed battle against relegation last season saw Premier League giants Liverpool sign him for a reported £25million on Friday.


Friday, July 22, 2016  19:58

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World - Pogba agent says United world record deal not done


Paul Pogba`s agent denied on Thursday a potential world record transfer sending the France star to Manchester United from Juventus had been finalised as Jose Mourinho looks to reinforce the Premier League giants. United have reportedly had an £86 million offer ($113 million, 102 million euros) turned down by the Italian champions as they try to lure France international Pogba back to Old Trafford four years after allowing him to leave on a free transfer.


Thursday, July 21, 2016  19:32

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World - Dope cheat Shobukhova ordered to repay London marathon money


Disgraced Russian athlete Liliya Shobukhova will have to repay organisers of the London Marathon almost £400,000 (476,000 euros, $527,000) a British court ordered Tuesday. The 38-year-old -- who is banned for life from the London Marathon despite having served her official suspension of just over three years which was reduced by seven months -- is obliged to return the appearance money she was paid for the 2010 and 2011 editions in which she won and finished second respectively. Shobukhova, who also had her three wins in the Chicago Marathon (2009/10/11) erased from the record books, was caught out when in April 2014 Russian authorities detected abnormalities in her biological passport.


Tuesday, July 19, 2016  12:26

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World - Japan`s SoftBank plunges after $32 bn ARM purchase


SoftBank plunged Tuesday morning as investors gave a thumbs down to the Japanese mobile giant`s whopping $32 billion purchase of British iPhone chip designer ARM Holdings, which raised questions about its credit rating. SoftBank dropped 10.68 percent to 5,365 yen ($51) after the £24.3 billion ($32 billion, 29 billion euros) deal was announced Monday. SoftBank has been selling off some assets, including gamemaker Supercell and trimming its investment in China e-commerce company Alibaba.


Tuesday, July 19, 2016  06:04

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World - Japan`s SoftBank plunges after $32 billion ARM buy


SoftBank plunged in early Tokyo trading on Tuesday as investors gave a thumbs down to the Japanese mobile giant`s whopping $32 billion purchase of British iPhone chip designer ARM Holdings. The sharp drop bucked an upward trend in the broader market after a three day holiday, tracing gains on Wall Street where leading indexes hit fresh records. SoftBank dropped 10.18 percent to 5,395 yen ($51) in the wake of the deal, announced Monday, which is worth around £24.3 billion ($32 billion, 29 billion euros).


Tuesday, July 19, 2016  04:08

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Business - Watch a massive road roller lay waste to 17 LCD monitors


The Road Roller channel on YouTube likes to smash things. Printers next, please.


Tuesday, July 26, 2016  01:41

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