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China unveils new measures to prop up stocks

Tuesday, July 7, 2015 10:47pm

A man walks past an electric board displaying stock prices at a brokerage house in Beijing, China, Wednesday, July 8, 2015. China's central bank has promised more credit to finance stock trading in the latest move aimed at stopping a plunge in stock prices that has prompted hundreds of companies to suspend trading in their shares. (AP Photo/Andy Wong)BEIJING (AP) — In a flurry of new moves to halt a stock market slide, China's government on Wednesday told state-owned companies to buy shares, raised the amount of equities insurance companies can hold and promised more credit to finance trading.


Malaysia police raids office of state fund 1MDB: media

Tuesday, July 7, 2015 10:40pm

KUALA LUMPUR (Reuters) - Police in Malaysia have raided the office of state-owned fund 1MDB office, local newspaper The Star reported on Wednesday. The raid, which began in the morning, is reportedly still ongoing, The Star posted on its website. 1MDB, whose advisory board is chaired by Prime Minister Najib Razak, has been under investigation by state authorities following allegations of financial mismanagement. 1MDB and Malaysia police did not respond to Reuters requests for comment. ...

'Very, very, very tough' Iran talks go into overtime

Tuesday, July 7, 2015 10:28pm

US Secretary of State John Kerry, pictured, has remained in Vienna with his Iranian counterpart Mohammad Javad ZarifTalks towards a historic nuclear deal between Iran and major powers go into overtime Wednesday after stumbling over what one Western diplomat called "very, very, very tough" remaining issues. Iran and six world powers have effectively given themselves until Friday to reach a deal by extending the terms of a 2013 interim accord under which Tehran has frozen parts of its nuclear programme in return for minor sanctions relief.


Taliban, Afghan officials end peace talks agreeing to meet again

Tuesday, July 7, 2015 10:25pm

Afghan President Ghani and Pakistani PM Sharif attend a news conference in KabulThe first officially acknowledged peace talks between the Afghan Taliban and the government in Kabul concluded with an agreement to meet again after the Muslim fasting month of Ramadan, Pakistan said on Wednesday. Pakistan hosted the meeting in a tentative step towards ending more than 13 years of war in Afghanistan, in which the Taliban have been fighting the government in hopes of re-establishing their hard-line Islamist regime that was toppled by the U.S.-sponsored military intervention in 2001. Officials from the United States and China were observers in the first official talks held on Tuesday at Murree, a hill resort on the outskirts of Islamabad, a statement from Pakistan's foreign ministry said.


AP source: Fed's gun used in San Francisco pier slaying

Tuesday, July 7, 2015 10:25pm

Francisco Sanchez, center, is lead out of the courtroom by San Francisco Public Defender Jeff Adachi, right, and Assistant District Attorney Diana Garciaor, left, after his arraignment at the Hall of Justice on Tuesday, July 7, 2015, in San Francisco. Prosecutors have charged the Mexican immigrant with murder in the waterfront shooting death of 32-year-old Kathryn Steinle. (Michael Macor/San Francisco Chronicle via AP, Pool)SAN FRANCISCO (AP) — The gun used in the seemingly random slaying of a woman on a San Francisco pier belonged to a federal agent, a law enforcement official briefed on the matter said Tuesday.


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