Source Match International News
Recently after a difficult customer interaction a co-worker asked me, "How do you remain so calm?" I was hard pressed to answer that question. But when I thought about it, my response was twofold. Philosophically, I believe in not getting worked up over things out of my control. The second reason -- and why I'm writing about this -- is improv....
By Hugh Bronstein and Alejandro Lifschitz BUENOS AIRES (Reuters) - Argentina's new plan to skirt U.S. The government is sending a bill to Congress replacing its New York intermediary bank with state-run Banco Nacion, the latest move in a years-old legal chess game between Argentina and holders of defaulted bonds who have sued for full repayment. Argentina's black market peso reeled on the news, falling to an all-time low as the country's benchmark dollar-denominated bonds due in 2033 slumped more than 2 percent in price. The deadlock with the holdout creditors is squeezing Argentina's foreign reserves and the availability of dollars in the market by preventing the economically ailing country from issuing international bonds.
Investors will peruse the Fed minutes, which will be released at 2:00 p.m. (1800 GMT), for clues on how soon the central bank plans to hike interest rates. At a two-day meeting of the Federal Open Market Committee in July, the Fed had trimmed its monthly bond-buying program by an additional $10 billion. "We know what is going to happen this year, we are looking into next year and for that we need the sort of stuff that comes out of this conference," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Fellow retailer Target Corp rose 1 percent to $59.84, shaking off initial declines after second-quarter earnings fell shy of analysts' estimates and the company cut its full-year outlook.
Staples Inc warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains. Staples has been spending heavily on advertising to promote itself as a seller of products other than traditional office supplies. Sales in its North America retail business, under which it sells core office supplies as well as breakroom items and copy and print products, fell 6 percent in the second quarter. The business accounted for about 43 percent of Staples' total sales in the quarter.
Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach. Target's shares rose 1 percent to $59.81 in noon trading. On top of that, Target has run up big losses in Canada, where its ambitious expansion has stumbled due to supply chain issues and a backlash from customers who had expected prices to be more in line with those in the United States. Target's same-store sales have either declined or failed to show growth in the past six quarters.
Goldman Sachs Group Inc plans to raise pay for junior bankers by 20 percent next year, the New York Post reported on Wednesday. The pay raise means that first-year analysts will earn about $85,000 before collecting bonuses in 2015, the newspaper said. Analysts who have been at the Wall Street bank longer will earn more. A Goldman Sachs spokesperson did not immediately respond to a request for comment.
By Maria Kiselyova MOSCOW (Reuters) - McDonald's said on Wednesday it is studying complaints from Russia's state food safety watchdog of sanitary breaches at its Moscow's restaurants, operations at some of which were suspended after checks. "We are studying the essence of the claims to determine the steps necessary to open the restaurants for the customers as soon as possible," McDonald's Russian office said in a statement. (Reporting by Maria Kiselyova; Writing by Vladimir Soldatkin; Editing by Christian Lowe)
Israeli warplanes pounded Gaza Wednesday as furious mourners buried the wife and child of Hamas's top military commander, baying for revenge as nine days of calm exploded into bloodshed. Mohammed Deif, who has topped Israel's most wanted list for more than a decade, escaped the strike with Hamas saying he was still alive and calling the shots in the ongoing confrontation. So far, 20 Gazans have been killed since Palestinian militants launched a barrage of rockets on southern Israel on Tuesday and F16 fighter jets carried out retaliatory air strikes, Palestinian medics say. The bloodshed pushed to 2,038 the number of Gazans killed in six weeks of the most violent confrontation between Israel and Hamas militants since the second Palestinian intifada, or uprising (2000-2005).
(Reuters) - Drugstore retailer Walgreen Co's Chief Financial Officer, Wade Miquelon, and another top executive lost their jobs after a $1 billion forecasting error in the company's Medicare-related business, the Wall Street Journal reported. Walgreen named Kraft Foods Group Inc's former CFO, Timothy McLevish, to replace Miquelon — its CFO of six years — on Aug. 4. Miquelon last month cut by $1.1 billion a forecast of $8.5 billion in pharmacy unit earnings for the year ending August 2016 that he had made at an April board meeting, the journal said.
Two men and two women were arrested in Northern Ireland on Wednesday over a series of letter bombs sent to addresses in Northern Ireland and England, police said. In October last year, letter bombs were also sent to high-profile political figures in Northern Ireland, including to Northern Ireland Secretary Theresa Villiers at the seat of the power-sharing executive at Belfast's Stormont Castle. The 1998 Good Friday peace accords largely brought an end decades of sectarian violence in Northern Ireland, known as The Troubles, although sporadic violence and bomb threats continue.
In this photo by Anupam Nath, a woman cooks inside her flooded house in Assam state in northeastern India. Heavy rains in recent days have flooded dozens of villages in Assam and displaced thousands of people. Monsoon season brings rains vital to growing crops in India, but floods and landslides each year kill thousands of people and submerge hundreds of villages.
An Indian woman who has staged a 14-year hunger strike against rights abuses in the country's northeast broke down in tears on Wednesday as she was finally released from a hospital jail. Irom Sharmila, known as the Iron Lady of Manipur for her unwavering and non-violent protest, said she was "happy" at being freed after spending years in custody, but vowed to continue her fast in protest at alleged abuses by the military. Sharmila, looking frail and with her voice faltering, said she wanted "mass support" for her protest, as she emerged from a hospital in Imphal, the capital of Manipur state. "I will continue with my hunger strike no matter what comes," she told the hundreds of journalists and well-wishers massed outside the hospital in Imphal.
By Joseph Ax NEW YORK (Reuters) - Macy's Inc has agreed to pay $650,000 to New York's attorney general and install a monitor to resolve allegations that its security personnel targeted minority shoppers. New York Attorney General Eric Schneiderman, whose office investigated several complaints from customers of the company's flagship store in midtown Manhattan, also said Macy's would adopt new anti-profiling policies, improve training and designate a compliance expert to report to the attorney general's office for the next three years. The deal comes a week after Schneiderman's office reached a $525,000 agreement with Barneys New York [DBWLDB.UL] to resolve similar "shop-and-frisk" allegations from minority customers. "It is absolutely unacceptable - and it's illegal - for anyone in New York to be treated like a criminal simply because of the color of their skin," Schneiderman said in a statement.
South Africa will hand debuts to top-order batsman Rilee Rossouw and left-arm seamer Mthokozisi Shezi in Thursday’s third and final one-day international against Zimbabwe. Having already sewn up the series by winning the first two games, the Proteas will offer the pair an opportunity to impress as they consider their squad options for next year’s World Cup in Australia and New Zealand. Rossouw will come in for Hashim Amla, who has returned to South Africa for a short period of rest before next week’s triangular series against Zimbabwe and Australia in Harare.
By Nate Raymond NEW YORK (Reuters) - Royal Bank of Scotland Group Plc said on Wednesday it had reached a settlement allowing it to use a key piece of software in its trade finance business that a U.S. Terms of the settlement with Complex Systems Inc were not disclosed. "Our clients remain our primary focus, and this settlement assures them of our continued commitment to our trade finance business," RBS said in a statement.
Kenyan police on Wednesday produced a small arsenal of weapons recovered after last year's Westgate mall massacre, in the ongoing trial of four men accused of helping the gunmen. The slow moving trial in Nairobi -- which opened in January -- has heard evidence from people who were at the mall when the gunmen from Somalia's Al-Qaeda-linked Shebab launched their attack in September 2013, killing at least 67 people. Police firearm expert Lawrence Nthiwa produced a report detailing the weapons "recovered from the terrorist attack" in the wreckage of the upmarket mall, which included remains of eight damaged assault rifles. Nthiwa said he had examined evidence gathered after the four-day siege, including almost a thousand spent cartridge cases as well as fired bullets.
Chinese police have arrested three people in connection with an explosion at an auto parts plant that killed 75 people in China's worst industrial accident in a year, state media said on Wednesday. The three were Wu Chi-tao, chairman of Kunshan Zhongrong Metal Products Co. Ltd, the company that owned the workshop, and the company's general manager and a manager in charge of workplace safety, state news agency Xinhua said. Kunshan Zhongrong's safety facilities were insufficient, the working environment was bad and production methods were illegal, Xinhua said earlier, citing the investigation's initial results. A room filled with metal dust exploded this month in the eastern province of Jiangsu at the Kunshan Zhongrong factory that polishes wheel hubs for car makers, including General Motors Co, killing 75 people and injuring 185.
By Brian Winter SAO PAULO (Reuters) - The Brazilian Social Democracy Party (PSDB), the country's biggest opposition group, would formally support environmentalist Marina Silva in a runoff vote for the presidency if its own candidate fails to qualify, a party source told Reuters. Such an alliance would reduce President Dilma Rousseff's chances of winning a second term by bringing together large, disparate groups of voters who are clamoring for change after more than a decade of Workers' Party rule. "Brazil needs a change, a renewal. It cannot tolerate four more years" under Rousseff, the well-placed PSDB source said, speaking on condition of anonymity.
By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) - An Israeli air strike in Gaza killed the wife and infant son of Hamas's military leader, Mohammed Deif, the group said, calling it an attempt to assassinate him after a ceasefire collapsed. Palestinians launched more than 130 rockets, mainly at southern Israel, with some intercepted by the Iron Dome anti-missile system, the military said. Israeli aircraft have carried out 80 strikes in the Gaza Strip since Tuesday, "targeting terror sites", the military said. Hamas and medical officials said 19 people died in the latest Israeli raids, including Deif's wife and seven-month-old son.