Anna's Feed
Aug 29, 2014

U.S. slaps more sanctions on Iranian banks, firms

WASHINGTON (Reuters) – The United States on Friday penalized a number of Iranian and other foreign companies, banks and airlines for violating sanctions against Tehran largely tied to its nuclear program.

U.S. officials said it was sending a signal that there should be no evasion of the sanctions while international talks continue on relaxing them in return for Iran’s agreement to curb its nuclear activities.

Aug 28, 2014

IMF board likely to back Lagarde during French probe: sources

WASHINGTON (Reuters) – The International Monetary Fund’s board is likely to stand behind the global lender’s leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board said.

The 24-member board, which has the power to hire and fire the IMF’s managing director, has not yet been briefed on the latest turn in the case dating from 2008, but three sources said it was unlikely to view the investigation as something that would interfere with Lagarde’s duties.

Aug 22, 2014

WTO rules against Argentina in import restrictions case

GENEVA/WASHINGTON (Reuters) – A World Trade Organization dispute panel ruled against Argentina on Friday in a 2012 case brought by the United States, European Union and Japan against the South American country’s licensing rules used to restrict imports.

The three economic powers argued that Argentina did not automatically grant licenses to importers as required by WTO rules, allowing it to shield its vulnerable economy.

Aug 14, 2014

Chinese group proposes to buy U.S. chipmaker OmniVision

By Abhirup Roy and Anna Yukhananov

(Reuters) – U.S. digital imaging chipmaker OmniVision Technologies Inc said it received a buyout proposal from a group of Chinese investors, including a state-owned firm.

The proposed buyout values OmniVision at about $1.7 billion, but would almost certainly face scrutiny from the Committee on Foreign Investment in the United States (CFIUS) if the Santa Clara, California-based company accepts it.

Aug 12, 2014

U.S. anti-coal dominoes hit BRICS wall, other skeptics

WASHINGTON (Reuters) – A year ago, U.S. President Barack Obama sought to mobilize the nation behind a grand plan: fight climate change by slashing carbon pollution at home, while prodding other countries to follow.

A key part of that strategy was for the United States to stop using public money to finance the construction of most coal-fired power plants abroad, seen as one of the main causes of rising pollution from heat-trapping gases.

Aug 12, 2014

Analysis: U.S. anti-coal dominoes hit BRICS wall, other skeptics

WASHINGTON (Reuters) – A year ago, U.S. President Barack Obama sought to mobilize the nation behind a grand plan: fight climate change by slashing carbon pollution at home, while prodding other countries to follow.

A key part of that strategy was for the United States to stop using public money to finance the construction of most coal-fired power plants abroad, seen as one of the main causes of rising pollution from heat-trapping gases.

Aug 12, 2014

World Bank again criticized for investments in Honduras

WASHINGTON (Reuters) – The World Bank’s private sector arm did not pay enough attention to environmental and social risks when it lent to Honduras’ largest bank, Ficohsa, an internal bank watchdog said on Monday.

The finding marks the second time this year that the International Finance Corporation’s own ombudsman has chided it for flaws in Honduran investments.

Jul 30, 2014

U.S. Treasury unveils delayed know-your-customer rule

LOUIS (Reuters) – The United States unveiled on Wednesday a long-delayed rule that would require banks to identify hidden account owners in order to curb money laundering and peer behind shell companies.

The proposed rule would require financial institutions to report the “beneficial,” or true owners of certain accounts, and identify anyone who owns at least a quarter of a company or legal entity, using a standardized format to collect the information.

Jul 29, 2014

Obama says strains over Ukraine not leading to new Cold War with Russia

WASHINGTON (Reuters) – President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-Russian relations marked the start of a new Cold War.

The United States and the European Union, in a carefully coordinated action, announced targeted new sanctions against Russian banks, energy and defense firms.

Jul 29, 2014

IMF warns of potential risks to global growth

WASHINGTON (Reuters) – Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

In a report assessing how individual national policies could interact to undermine the world economy, the IMF also warned the conflict between Russia and Ukraine could reverberate to the rest of the region if sanctions against Russia escalate, hitting natural gas supplies to Europe and weakening European banks.