Source Match International News
Prime Minister Tayyip Erdogan said Turkey could ban Facebook and YouTube after local elections on March 30, saying they have been abused by his political enemies. Erdogan is locked in a power struggle with U.S.-based Turkish Muslim cleric Fethullah Gulen, a former ally who he says is behind a stream of "fabricated" audio recordings posted on the Internet purportedly revealing graft in his inner circle. We will not leave this nation at the mercy of YouTube and Facebook," Erdogan said in an interview late on Thursday with the Turkish broadcaster ATV.
Hong Kong businessman and Birmingham City owner Carson Yeung was on Friday sentenced to six years in jail for laundering HK$720 million ($93 million). Judge Douglas Yau handed down the sentence in the southern Chinese city's district court after convicting the 54-year-old of five charges of money laundering on Monday. "Maintaining the integrity of the banking system is of paramount importance if Hong Kong is to remain an international finance centre," Yau added.
Iran's foreign minister on Friday sharply rejected an Israeli allegation that Tehran tried to ship missiles to the Hamas-run Gaza Strip, calling it a "lie". Israel has said it captured a Gaza-bound ship Wednesday carrying dozens of Syrian-made rockets "capable of striking anywhere in Israel". The raid coincided with a high-profile US trip by Prime Minister Benjamin Netanyahu, who met with President Barack Obama for discussions on a Middle East peace deal. "Netanyahu is in Washington... and all of a sudden as a godsend, they capture a ship from Iran with missiles.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. hiring likely picked up enough in February to keep the Federal Reserve on track in reducing its monetary stimulus. But the size of the gain is nevertheless expected to be modest as the economy struggles to break free of the grip of unusually severe winter weather. Nonfarm payrolls probably increased by 149,000 last month, with the jobless rate holding at a five-year low of 6.6 percent, according to a Reuters survey of economists. Nonfarm payrolls averaged about 205,000 new jobs per month in the first 11 months of 2013, but that figure dropped to just 94,000 for December and January as the unseasonably cold and snowy winter disrupted economic activity.
By Anahi Rama and Lizbeth Diaz ECATEPEC, Mexico (Reuters) - So many teenage girls turned up dead in a vacant field on the outskirts of Mexico City that people nicknamed it the "women's dumping ground." They began showing up in 2006, usually left among piles of garbage. Some were victims of domestic violence, others of drug gangs that have seized control of entire neighborhoods in the gritty town of Ecatepec, northeast of the capital. Dulce Cristina Payan, 17, was one of the victims. Her father, Pedro Payan, believes the killers belonged to La Familia, a violent drug gang operating in Ecatepec, and that Dulce Cristina was murdered when she resisted rape.
Jake White's Coastal Sharks will look to regain the outright Super 15 series lead this weekend and impose their daunting home record on the Golden Lions. The New South Wales Waratahs and defending champions Waikato Chiefs have the weekend off with byes, so the Sharks can return to the top with victory over the Johannesburg-based Lions. The Sharks have not lost to the Lions in Durban since 2000, and the four-time Super Rugby runners-up are looking to go one better under the 2007 World Cup-winning coach White this season.
Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house. Gross told Reuters that he had "evidence" that El-Erian "wrote" a February 24 article in the Journal, which described the worsening relationship between the two men as Pimco's performance deteriorated last year, including a showdown in which they squared off against each other in front of more than a dozen colleagues at the firm's Newport Beach, California headquarters. Gross, who oversaw more than $1.91 trillion in assets as of the end of last year and who is known on Wall Street as the 'Bond King', said in a phone call to Reuters last Friday: "I'm so sick of Mohamed trying to undermine me." When asked if Reuters could see the evidence about El-Erian and the allegation he was involved in the article, Gross said: "You're on his side.
By Alissa de Carbonnel and Luke Baker SIMFEROPOL, Ukraine/BRUSSELS (Reuters) - Crimea's parliament voted on Thursday to join Russia, and its Moscow-backed government set a referendum in 10 days, in a dramatic escalation of the crisis over the Ukrainian region that drew a sharp riposte from U.S. President Barack Obama. Obama ordered sanctions on those responsible for Moscow's military intervention in Ukraine, including bans on travel to the United States and freezing of their U.S. assets. He echoed European Union leaders and the pro-Western government in Ukraine in declaring that the proposed referendum would violate international law.
By Pairat Temphairojana BANGKOK (Reuters) - Two people were wounded in a shooting on Friday at the central Bangkok site of anti-government protests, hours before Thai government officials were due to decide whether to maintain a state of emergency that business leaders want lifted. The protests aimed at bringing down Prime Minister Yingluck Shinawatra have been going on for four months and are taking a toll on the economy, with consumer confidence at a 12-year low. The protesters have scaled back action over the past week, lifting the occupation of several main intersections, but several thousand of them are camping out in Bangkok's Lumpini Park, where shooting erupted in the early hours. "We don't know who did it or where the shots came from in Lumpini Park but they went out and hit a taxi driver," police officer Chaiya Kongsup told Reuters.
By Lisa Twaronite and Shinichi Saoshiro TOKYO (Reuters) - Asian stocks rose on Friday, buoyed by Wall Street's gains the previous day, but investors remained cautious ahead of the U.S. nonfarm payrolls report later in the session. The euro remained near overnight highs following the European Central Bank's decision not to ease policy, while the safe-haven yen continued to sag after suffering sharp losses as risk appetite returned. U.S. nonfarm payrolls are forecast to have increased by around 149,000 in February, according to a Reuters survey of economists, up from the weather-depressed gains of 113,000 in January and 75,000 in December. Market watchers said expectations may have been lowered by the soft ADP private-sector jobs report and ISM services sector survey released earlier this week.
By Aron Ranen and Brandon Lowrey TEMPLE CITY, California (Reuters) - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press. Satoshi Nakamoto, a name known to legions of bitcoin traders, practitioners and boosters around the world, appeared to lose his anonymity on Thursday after Newsweek published a story that said he lived in Temple City, California, just east of Los Angeles. Newsweek included a photograph and described a short interview, in which Nakamoto said he was no longer associated with Bitcoin and that it had been turned over to other people.
(Reuters) - Detroit said in a court filing on Thursday it had reached an agreement with Barclays PLC for a $120 million loan that would allow it to invest in services and speed its path out of bankruptcy. The deal comes after the judge overseeing Detroit's historic bankruptcy case rejected a $350 million loan that would have raised $230 million for the city to end interest rate swaps. Those swaps were used to hedge interest rate risk on some Detroit pension debt. The city said earlier this week it had reached a new agreement with Merrill Lynch Capital Services and UBS AG to end the swaps for $85 million.
By Jonathan Spicer WASHINGTON (Reuters) - It could be another two months before the U.S. Federal Reserve can determine whether recent weak economic data is truly weather-related or something more permanent, so policymakers should keep trimming their bond-buying stimulus, a top Fed official said on Thursday. In an interview, Atlanta Fed President Dennis Lockhart said flatly that the central bank should keep reducing its policy accommodation even if the February jobs report on Friday falls short of expectations, making for three straight months of sub-par hiring in the world's largest economy. "In my mind, unless we really fall off track in the economy pretty dramatically, I think the tapering program should proceed," Lockhart told Reuters, adding that he has "modest" expectations for the government's nonfarm payrolls report. Lockhart attributed the weak data to the severe winter weather that has gripped much of the United States and issued a word of caution to anyone expecting the Fed to abruptly back off a plan to wind down its bond purchases by later this year.
The current slowdown of home prices has been sharpest in markets that crashed during the bust and bounced back last year. And although asking-price gains have been slowing since last spring, price increases remain high by historical standards. The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what's really happening to asking prices and rents. ...
By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) - Less than a month after writing that he did not want to "cook the books anymore," but facing a deadline to show lenders that Dewey & LeBoeuf had enough cash, the law firm's top finance executive emailed a colleague that he "came up with a big one," according to investigators. "You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the December 29, 2008 email from chief financial officer Joel Sanders, according to investigators. "That's why we get the extra 10 or 20% bonus." The communications and other evidence are the basis of criminal and civil charges announced in New York on Thursday in which the law firm's former leaders are accused of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep their prestigious law firm alive. Dewey & LeBoeuf once had as many as 1,400 lawyers, before going bankrupt in May 2012.