(Reuters) – A Canadian Pacific freight train derailed and caught fire in Maine on Saturday, causing minor injuries to three rail employees. “A total of three locomotive engines and six rail cars carrying lumber and electrical wiring derailed into a wooded area, where they caught fire and started a small forest fire,” Maine’s Forest Department…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -Clashes between Sudan’s main paramilitary group and the armed forces on Saturday killed at least 25 people, a doctors’ group said, in an apparent struggle for control amid the country’s halting moves toward elections after a military coup. The Sudanese Doctors’ Union said 183 people were wounded…
LIVERPOOL, England (Reuters) -The start of the annual Grand National horse race was briefly delayed on Saturday after a large group of animal rights protesters forced their way into the Aintree grounds to disrupt one of the highest-profile sporting events in Britain. Police said they had arrested 118 people on suspicion of offences including criminal…
WASHINGTON (Reuters) – Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official said on Saturday. Jihad Azour,…
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the…
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the…
MEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 billion IMF loan program, a source said, as a severe drought hits exports and threatens to push the economy into recession. “All alternatives are on the table. Work will be…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) -A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding more than $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island nation…
(Reuters) – People who encourage women to remove the hijab will be prosecuted in criminal courts and will have no right of appeal against any conviction, Iran’s deputy attorney general was quoted as saying on Saturday. His comments come as an increasing number of women have been defying Iran’s compulsory dress code, appearing unveiled in…
By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan may have scope to tweak its bond yield target this year on growing prospects the country will see a durable rise in wages, a senior International Monetary Fund official said on Saturday. Ranil Salgado, the IMF’s Japan mission chief, said the outcome of this year’s…
