Category: Personal Economics

Obama challenges Russia to agree to deeper nuclear weapon cuts

Obama challenges Russia to agree to deeper nuclear weapon cuts

By Roberta Rampton and Stephen Brown BERLIN (Reuters) – U.S. President Barack Obama used a speech in Berlin on Wednesday to call on Russia to revive the push for a world without nuclear weapons, offering to cut deployed nuclear arsenals by a third, but Moscow immediately poured scorn on his proposal. Speaking in Berlin where [...]

Analysis: Putin basks in isolation over Syria as Obama’s charm falls flat

Analysis: Putin basks in isolation over Syria as Obama’s charm falls flat

By Guy Faulconbridge and Timothy Heritage ENNISKILLEN, Northern Ireland/MOSCOW (Reuters) – At the end of a tense two-hour meeting with Russian President Vladimir Putin, Barack Obama – slumped over and serious – tried to lighten the mood with a joke about their favorite sports. "And finally, we compared notes on President Putin’s expertise in judo [...]

Orders top $100 billion as Ryanair gives Boeing a boost

Orders top $100 billion as Ryanair gives Boeing a boost

By Alwyn Scott and Maria Sheahan PARIS (Reuters) – Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe’s biggest low-cost airline, finalized an order for 175 Boeing 737-800 aircraft worth around [...]

World Bank watching Fed, ready to respond

World Bank watching Fed, ready to respond

By Paul Ingrassia and Mike Peacock LONDON (Reuters) – The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. The U.S. Federal Reserve has sparked a bout of financial market [...]

Obama challenges Russia to agree to deeper nuclear weapon cuts

Obama challenges Russia to agree to deeper nuclear weapon cuts

BERLIN (Reuters) – President Barack Obama wants to reduce deployed nuclear weapons by up to a third and revive negotiations with Russia to "move beyond Cold War nuclear postures", he said in a speech on Wednesday in Berlin. "After a comprehensive review I have determined that we can ensure the security of America and our [...]

Rohani once approved of hiding Iran atomic work

Rohani once approved of hiding Iran atomic work

By Louis Charbonneau UNITED NATIONS (Reuters) – Years before he became Iran’s president-elect, Hassan Rohani spoke approvingly about concealing his nation’s nuclear program and said that when Pakistan got atomic bombs and Brazil began enriching uranium, "the world started to work with them." The comments offer an intriguing window into the past thinking of Rohani, [...]

Fed seen keeping options open on pace of bond buying

Fed seen keeping options open on pace of bond buying

By Alister Bull WASHINGTON (Reuters) – Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials met [...]

Asia business sentiment rises in second quarter, global growth risk still dominates

Asia business sentiment rises in second quarter, global growth risk still dominates

By Miyoung Kim SEOUL (Reuters) – Asia’s top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows. The Thomson Reuters/INSEAD Asia Business Sentiment Index climbed six points to 71 in June, its [...]

WikiLeaks’ Assange fears U.S., says will stay in embassy

WikiLeaks’ Assange fears U.S., says will stay in embassy

By Andrew Osborn LONDON (Reuters) – WikiLeaks founder Julian Assange says he will not leave the sanctuary of the Ecuadorean Embassy in London even if Sweden stops pursuing sexual assault claims against him because he fears arrest on the order of the United States. In an interview with Reuters and others to mark the first [...]

Moves to limit contractor access to secrets meets resistance

Moves to limit contractor access to secrets meets resistance

By Mark Hosenball and Andrea Shalal-Esa (Reuters) – Industry executives and some corners of the U.S. intelligence community are pushing back against possible legislative moves to curb contractors’ access to classified information. Following leaks by former National Security Agency contractor Edward Snowden, Senate Intelligence Chairman Dianne Feinstein is working on legislation intended to restrict spy [...]