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Updated: 1 hour 47 min ago

Brazil wins, comes alive for World Cup despite protests

Thu, 06/12/2014 - 19:07
SAO PAULO (Reuters) - Brazil exploded with street parties as its soccer team won the World Cup's opening game on Thursday but scattered violent protests were a reminder that many locals remain angry over the billions spent to host the tournament.

Why higher Iran oil exports are not roiling nuclear deal

Thu, 06/12/2014 - 18:56
WASHINGTON (Reuters) - At first glance, Iran appears to have exported more oil than allowed under a nuclear agreement with major powers, but rather than complaining, U.S. officials argue Tehran is skating just inside the deal's ambiguous limits.

Obama warns of U.S. action as jihadists push on Baghdad

Thu, 06/12/2014 - 17:59
BAGHDAD/ARBIL (Reuters) - President Barack Obama on Thursday threatened U.S. military strikes in Iraq against Sunni Islamist militants who have surged out of the north to menace Baghdad and want to establish their own state in Iraq and Syria.

U.S. quietly moves detainees out of secretive Afghanistan prison

Thu, 06/12/2014 - 17:44
WASHINGTON (Reuters) - The Obama administration has quietly repatriated a dozen detainees from a small U.S. military prison in Afghanistan, moving a modest step closer toward winding down the United States' controversial post-9/11 detainee system.

Cantor shock stalls offshore corporate tax break in Congress

Thu, 06/12/2014 - 15:59
WASHINGTON (Reuters) - The defeat of House of Representatives Majority Leader Eric Cantor shifted the political ground under U.S. multinational corporations this week, just as they seemed to be gaining traction in their push for a $95 billion tax break on bringing foreign profits home.

Twitter chief operating officer resigns as growth lags

Thu, 06/12/2014 - 14:31
(Reuters) - Twitter Inc on Thursday announced the resignation of its chief operating officer, who had been responsible for the social media company's efforts to revive flagging user growth.

Top BNP executive to go as talks on U.S. penalty gather pace

Thu, 06/12/2014 - 13:38
PARIS (Reuters) - The chief operating officer of BNP Paribas is to step down at the end of June and retire completely on Sept. 30, France's biggest bank announced on Thursday as talks with U.S. authorities over a potential $10 billion fine gathered pace.

Senate confirms Fischer, two other nominees for Fed

Thu, 06/12/2014 - 13:36
WASHINGTON (Reuters) - The Senate on Thursday confirmed Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.

Ukraine accuses Russia of letting rebels bring in tanks

Thu, 06/12/2014 - 11:37
KIEV (Reuters) - Ukraine accused Russia on Thursday of allowing separatist rebels to bring three tanks and other military vehicles across the border into the east of the country to fight the Ukrainian army.

Russia to submit draft U.N. resolution on Ukraine

Thu, 06/12/2014 - 10:58
MOSCOW (Reuters) - Russia plans to submit a draft resolution to the U.N. Security Council to put pressure on Ukraine to implement a "road map" to peace, Foreign Minister Sergei Lavrov was quoted as saying on Thursday.

U.S. retail sales miss expectations, jobless claims rise

Thu, 06/12/2014 - 09:55
WASHINGTON (Reuters) - U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam.

Saudi MERS response hobbled by institutional failings

Thu, 06/12/2014 - 09:44
RIYADH/LONDON (Reuters) - When Saudi Arabia announced last week it had found 113 more cases of the deadly Middle East Respiratory Syndrome (MERS), it didn't just force a rethink of the threat the virus poses, it exposed institutional failings.

Merck, Pfizer, HSBC could be big winners from shareholder case

Thu, 06/12/2014 - 09:35
NEW YORK (Reuters) - Within the next two weeks, the U.S. Supreme Court is expected to rule in a major case that could make it much harder for shareholders to band together against public companies in securities fraud class actions.

Texas Republican Hensarling says won't seek majority leader job

Thu, 06/12/2014 - 09:04
WASHINGTON (Reuters) - Republican Representative Jeb Hensarling of Texas said on Thursday he will not run for majority leader of the U.S. House of Representatives to replace Eric Cantor, who is stepping down.

Iran says it is redesigning Arak reactor to cut plutonium capacity

Thu, 06/12/2014 - 07:28
DUBAI/VIENNA (Reuters) - Iran is "busy redesigning" a planned research reactor to sharply cut its potential output of plutonium, a senior Iranian official said in comments that seemed to address a thorny issue in negotiations with big powers.

Thousands of Syrian refugee children in Lebanon forced to work: aid group

Thu, 06/12/2014 - 05:36
BEIRUT (Reuters) - At least 50,000 Syrian refugee children in Lebanon are working, often in dire conditions and for 12 hours a day, to pay for food and shelter for their families, aid organisation CARE said.

Karachi airport attack signals tactical shift by Taliban

Thu, 06/12/2014 - 04:39
KARACHI (Reuters) - It was the shoes that betrayed Corporal Faiz Mohammad's would-be killers.

China denounces Japan protest over military jets' close brush

Thu, 06/12/2014 - 04:37
BEIJING (Reuters) - China said on Thursday that Japan's accusations of Chinese fighter jets flying "abnormally close" to Japanese military aircraft over the East China Sea were aimed at deceiving the international community.

BNP Paribas senior adviser departure likely in settlement: source

Thu, 06/12/2014 - 04:36
NEW YORK (Reuters) - A senior adviser to BNP Paribas is likely to leave as part of a settlement involving sanctions violations by the French bank, a person familiar with the matter said Wednesday.

Intel loses court challenge against $1.4 billion EU fine

Thu, 06/12/2014 - 04:00
LUXEMBOURG (Reuters) - U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly.