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Yahoo

World - Blast targeting bus near Shi`ite shrine in Damascus kills six


By Marwan Makdesi DAMASCUS (Reuters) - An explosion tore apart a bus thought to be carrying Lebanese Shi`ite Muslim pilgrims in Damascus on Sunday, killing at least six people, a Reuters witness and local media said. A social media account linked to al Qaeda`s Nusra Front said the hardline Sunni group was behind what it called the suicide attack on the bus near a market place in the capital. Syria`s state news agency SANA said the `terrorist explosion` had killed four and wounded 19. Earlier on Sunday Prime Minister Wael al-Halqi told parliament that Syria aimed to `flush out all terrorists` in 2015.


Sunday, February 01, 2015  14:22

CNN

Market - Here are the drivers of future economic growth


After a terrible month for stocks, a star analyst says look to biotech, consumer and manufacturing companies.


Sunday, February 01, 2015  14:04

Yahoo

World - Blast on bus near Shi`ite shrine in Damascus kills six


A rare explosion in central Damascus targeted a bus believed to be carrying Lebanese Shi`ite Muslim pilgrims on Sunday, killing at least six people and wounding more than 20, a Reuters witness and local media said. A social media account linked to al Qaeda`s Nusra Front said the hardline Sunni group was behind the attack on the bus near a market place in the capital. Syria`s state news agency SANA said the `terrorist explosion` had killed four and wounded 19. The bus had been carrying pilgrims close to the Sayyida Ruqayya shrine, a television channel run by Lebanese Shi`ite movement Hezbollah said.


Sunday, February 01, 2015  14:04

Yahoo

Business - GM and China`s SAIC to push into Indonesia with no-frills vans


By Norihiko Shirouzu BEIJING (Reuters) - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia`s biggest market and from there tackle other markets in the region. They have already made moves to purchase a property in an industrial district on the outskirts of Jakarta, according to two people familiar with the matter, and are expected to detail within days what GM China chief Matt Tsien called an important joint venture in a country of 240 million people. For GM, Indonesia will be its second non-China market in Asia, having already broken into India with SAIC, where they cooperate to market Wuling`s small multi-purpose workhorse vans.


Sunday, February 01, 2015  06:40

Yahoo

World - Greece on European charm offensive in search of debt relief


Greece`s new anti-austerity government was set to kick off its European charm offensive in Paris on Sunday seeking to renegotiate its 240-billion-euro ($270 billion) bailout, though Germany has already refused to consider any debt relief. Finance Minister Yanis Varoufakis, who is looking to write down half of Greece`s debt, was scheduled to meet with French Finance Minister Michel Sapin and Economy Minister Emmanuel Macron in the afternoon, before heading on to London and Rome. Greece`s Prime Minister Alexis Tsipras has tried to calm nerves and markets spooked by his radical plans, saying he did not intend to renege on commitments to the European Union and International Monetary Fund. Amid the flurry of diplomacy, Tsipras spoke with European Central Bank chief Mario Draghi on Saturday night and has booked in meetings with Italian Prime Minister Matteo Renzi, French President Francois Hollande and European Commission President Jean-Claude Juncker this week.


Sunday, February 01, 2015  10:38

Yahoo

World - Halal beef supplier vows to contest fraud charges


CEDAR RAPIDS, Iowa (AP) A food supplier and its executives will contest criminal charges alleging they falsely marketed beef products to Muslims around the world as meeting strict halal standards.


Monday, December 15, 2014  21:31

Yahoo

World - US says halal food supplier misled Muslims on beef


CEDAR RAPIDS, Iowa (AP) A food supplier for several years falsely marketed beef to Muslims around the world as meeting strict halal standards, exporting products that weren`t slaughtered in accordance with Islamic law, federal prosecutors allege in a major fraud indictment.


Monday, December 15, 2014  19:42

Yahoo

World - Explosion in Damascus kills four: Syrian state media, monitor


BEIRUT (Reuters) - An explosion in central Damascus killed at least four people and wounded several others, Syria`s state news agency and a monitoring group said on Sunday. State news agency SANA said the `terrorist explosion` wounded 19 people. The Syrian Observatory for Human Rights monitoring group said it occurred close to a market. (Reporting by Sylvia Westall; Editing by Andrew Heavens)


Sunday, February 01, 2015  12:30

CNN

Europe - `Gunman recorded grocery attack`


The terrorist who gunned down four people at a kosher market in eastern Paris earlier this month recorded the attack on a camera, a U.S. intelligence official told CNN on Friday.


Sunday, February 01, 2015  11:36

Yahoo

Business - Fed`s Bullard takes swipe at central bank`s reaction ability


The Federal Reserve`s policy-setting committee has failed to shift market expectations on the timing and path of an expected interest rate hike this year, a top Fed official said on Friday. St. Louis Federal Reserve President James Bullard said the Fed`s misreading of labor market strength and overestimation of inflation are among the reasons for the market`s disconnect with where the Fed is headed on rates. `Instead, market expectations for the policy rate have moved in the opposite direction, raising questions about the nature of the Committee`s reaction function to incoming data,` Bullard said in prepared remarks at a CFA Society event here. Bullard, who is not a voter on the Fed`s policy-setting committee this year, has long advocated for the central bank to raise interest rates sooner than the Fed was willing to move - a view not in synch with the thinking of the board of governors.


Friday, January 16, 2015  18:35

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