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U.S. jobless claims up, wage growth starting to push higher

Thu, 31 Jul 2014 13:13:40 GMT

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions.

Heavy shelling, clashes resume in Libya's Tripoli

Thu, 31 Jul 2014 12:52:57 GMT

TRIPOLI (Reuters) - Heavy shelling resumed on Thursday in southern Tripoli where rival militia brigades were battling for control of the capital's main airport in some of the worst clashes since the 2011 revolt which ousted Muammar Gaddafi.






Stop-start Afghan vote audit gets green light, but troubles remain

Thu, 31 Jul 2014 12:51:18 GMT

KABUL (Reuters) - The mammoth task of auditing eight million votes cast in the second round of Afghanistan's presidential election will restart on Saturday, the electoral commission said on Thursday, but disputes still hang over the process.






'Russian involvement' central to UK inquiry into ex-KGB agent's death

Thu, 31 Jul 2014 12:45:11 GMT

LONDON (Reuters) - Evidence which shows Russia was behind the 2006 murder of former KGB agent Alexander Litvinenko in London will mostly be given in secret, the chairman of a public inquiry into his death said on Thursday.

Argentina defaults but investors see eventual deal possible

Thu, 31 Jul 2014 12:36:36 GMT

BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.






Netanyahu vows to complete Gaza tunnels destruction

Thu, 31 Jul 2014 12:16:41 GMT

GAZA/JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu, facing international alarm over a rising civilian death toll in Gaza, said on Thursday he would not accept any ceasefire that stopped Israel completing the destruction of militants' infiltration tunnels.






Ukraine says suspends attacks to let experts reach crash site, rebels deny

Thu, 31 Jul 2014 12:01:08 GMT

KIEV/DONETSK Ukraine (Reuters) - Ukraine said on Thursday it had suspended offensive operations in its military campaign in east Ukraine to help international experts reach the downed Malaysian airliner's crash site but separatists were continuing to attack its positions.






Kurdish oil cargo unloaded at sea, destination a mystery

Thu, 31 Jul 2014 11:32:13 GMT

SINGAPORE (Reuters) - Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed.

Food supplies cut to rebel stronghold in east Ukraine

Thu, 31 Jul 2014 11:13:08 GMT

KIEV/DONETSK Ukraine (Reuters) - Food supplies have been cut to the rebel stronghold of Luhansk in eastern Ukraine during a military offensive on the city by government forces, local officials said on Thursday.

Moscow fights back after sanctions; battle rages near Ukraine crash site

Thu, 31 Jul 2014 09:38:56 GMT

MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land mines near the site of a crashed Malaysian airliner to prevent a proper investigation.






China diners test McDonald's, Yum says food scare hurts KFC, Pizza Hut sales

Thu, 31 Jul 2014 09:35:24 GMT

(Reuters) - A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.

Argentina fails to reach debt agreement, default imminent

Thu, 31 Jul 2014 04:09:17 GMT

BUENOS AIRES/NEW YORK (Reuters) - Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday.






Temporary ceasefire in Tripoli, 75 bodies found in Benghazi

Thu, 31 Jul 2014 02:56:13 GMT

BENGHAZI/TRIPOLI (Reuters) - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.

Exclusive: Cuomo intervened in BNP deal to get $1 billion more for NY state fund

Thu, 31 Jul 2014 01:34:47 GMT

(Reuters) - Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.






Fed nods to firmer prices yet still focused on labor weakness

Thu, 31 Jul 2014 01:32:36 GMT

WASHINGTON (Reuters) - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target.

House Republicans vote to sue Obama over healthcare law

Wed, 30 Jul 2014 23:46:22 GMT

WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives on Wednesday cleared the way for the launch of a lawsuit accusing President Barack Obama of overstepping his authority in carrying out his signature healthcare law.

Argentina fails to reach debt agreement, default looms

Wed, 30 Jul 2014 23:10:48 GMT

BUENOS AIRES/NEW YORK (Reuters) - Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.






Carnage at U.N. school as Israel pounds Gaza Strip

Wed, 30 Jul 2014 23:05:32 GMT

GAZA/JERUSALEM (Reuters) - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting.






Moscow fights back after sanctions; battle rages near Ukraine crash site

Wed, 30 Jul 2014 23:03:49 GMT

MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land mines near the site of a crashed Malaysian airliner to prevent a proper investigation.

Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

Wed, 30 Jul 2014 20:44:39 GMT

NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

U.S. economy back on track with strong second-quarter rebound

Wed, 30 Jul 2014 20:29:52 GMT

WASHINGTON (Reuters) - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.






Temporary ceasefire in Tripoli, 75 bodies found in Benghazi

Wed, 30 Jul 2014 17:36:37 GMT

BENGHAZI/TRIPOLI (Reuters) - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.






U.S. private sector adds 218,000 jobs in July: ADP

Wed, 30 Jul 2014 17:35:11 GMT

NEW YORK (Reuters) - U.S. companies hired 218,000 workers in July, marking four straight month of private job growth above 200,000, but the figure fell short of what analysts projected and the previous month's level, a report by a payrolls processor released on Wednesday showed. Private job gains in June were 281,000, which was the strongest reading since November 2012. Economists surveyed by Reuters had forecast that the ADPNational Employment Report would show a gain of 230,000 jobs.






Germany's ZF in advanced talks to buy TRW for near $12 billion: sources

Wed, 30 Jul 2014 16:43:11 GMT

NEW YORK/FRANKFURT (Reuters) - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.






Temporary ceasefire in Tripoli, 75 bodies found in Benghazi

Wed, 30 Jul 2014 15:55:18 GMT

BENGHAZI/TRIPOLI (Reuters) - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.