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November 9, 2017 11:55 AM Spain could again revise down 2018 growth forecast due to Catalonia: Rajoy

MADRID - The Spanish government could again revise down the country's 2018 economic growth forecast due to the political crisis in Catalonia, Prime Minister Mariano Rajoy said on Thursday. "It is affecting tourism, it is affecting some entities and it is affecting trade. We have seen some worrying figures. And it could be that next year effectively this will lead to a cut to growth 287

November 8, 2017 3:55 AM Exclusive: Japan's MUFG gets nod to bring U.S. state branches under federal regulation

NEW YORK - Japan's Mitsubishi UFJ Financial Group Inc (MUFG) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert state-supervised branches into federally regulated ones, a U.S. spokesman for the bank confirmed late on Tuesday. As a result, MUFG's Bank of Tokyo-Mitsubishi UFJ Ltd branches in New York, Illinois 197

November 7, 2017 7:55 AM Lebanon's Hariri leaves Saudi Arabia for UAE trip

BEIRUT - Lebanon's Prime Minister Saad al-Hariri, who sparked a political crisis on Saturday by declaring his surprise resignation in Riyadh, has traveled to the UAE, Saudi-owned media said on Tuesday. His resignation has thrust Lebanon back onto the front line of the Middle East's most biting rivalry, pitting a mostly Sunni bloc led by Saudi Arabia 200

November 6, 2017 10:05 AM Saudi king receives ex-Lebanon PM Hariri in Riyadh

RIYADH - Saudi King Salman received former Lebanese Prime Minister Saad al-Hariri in Riyadh on Monday following his resignation, Saudi media reported. Hariri announced his resignation on Saturday from Riyadh, saying he believed there was an assassination plot against him and accusing Iran, Saudi Arabia's arch-rival, and its Lebanese ally Hezbollah of sowing 194

November 2, 2017 1:46 PM Catalonia crisis a 'political win' for Rajoy as party sees popularity rise

Although the pro-independence movement in Catalonia has been a thorn in the side of the Spanish government for decades, tensions came to a head in October when the Catalan government held a referendum on independence despite a ban by Spain's constitutional court and attempts by Madrid to stop the vote. The vote took place regardless and there were violent 152

November 2, 2017 12:45 PM The Latest: Central bank warns of cost of Catalan crisis

Spain’s central bank is warning of the economic costs of the Catalan political crisis, which it says could damage the country’s growth. The Bank of Spain assesses the consequences of two possible scenarios. The first is a temporary period of uncertainty in the fourth quarter of 2017, which it predicts could shave 0.3 percentage points off forecast growth 111

November 2, 2017 12:11 PM Catalonia crisis: Spain's prosecutors ask for eight leaders to be jailed

Prosecutors in Madrid have asked for eight sacked members of Catalonia's regional government to be jailed over their role in October's disputed independence referendum. Nine Catalan officials testified at Spain's high court over accusations of rebellion, sedition and misuse of public funds. Ousted Catalan leader Carles Puigdemont and four others disregarded 149

November 2, 2017 10:39 AM Puigdemont stays away as ousted Catalonia deputies attend court

Some sacked members of Catalonia's regional government have appeared in Spain's high court for questioning, accused of rebellion and sedition in the wake of October's disputed independence referendum. Nine officials turned up, while ousted Catalan leader Carles Puigdemont and four others stayed away. The deposed leader, who is in Belgium, said: "This 139

November 2, 2017 6:35 AM Myanmar's Suu Kyi 'urges people not to quarrel' on visit to Rakhine

SITTWE, Myanmar: Myanmar's de facto leader, Aung San Suu Kyi, on Thursday urged people "not to quarrel" as she visited Rakhine State for the first time since a military crackdown that drove more than 600,000 Rohingya Muslims to flee the country. Suu Kyi, a Nobel Peace Prize winner, has faced heavy international criticism for not taking a higher profile 100

November 2, 2017 3:39 AM Myanmar's Aung San Suu Kyi makes visit to crisis-hit northern Rakhine

YANGON: Myanmar's leader Aung San Suu Kyi arrived on her first visit to conflict-battered northern Rakhine State on Thursday (Nov 2), an official said, an unannounced trip to an area that has seen most of its Rohingya Muslim population forced out by an army campaign. Suu Kyi, a nobel laureate who leads Myanmar's pro-democracy party, has been hammered 94