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(MENAFN - AFP) Asian markets swung Thursday morning after a surprise pick-up in Chinese factory activity that indicated stability in the world's number two economy but fuelled fears authorities will hold off fresh stimulus.

Trading was cagey across the region following oil-linked losses in New York and ahead of Friday's closely watched US jobs report that could precipitate ...

 
(MENAFN - AFP) An official measure of manufacturing activity in China rebounded to its strongest level in nearly two years last month on improving production and demand, the government said Thursday, boding well for the world's second-largest economy.

The official purchasing managers' index (PMI) came in at 50.4 for August, its highest since October 2014, figures from the ...

 
(MENAFN - AFP) French telecom giant Orange SA is in early talks about buying into Iran's biggest cellular network operator, the Wall Street Journal reported.

Such a deal could make history as the first time a Western firm has acquired a significant holding in a major Iranian company since Tehran agreed to curb its nuclear program last year in exchange for the lifting of international ...

 
(MENAFN - AFP) The number of adult cannabis users in the United States increased by ten million from 2002 to 2014, said a study Thursday that called for better education on the potential pitfalls.

The increase coincided with a general rise in the potency of the popular recreational drug and a growing belief that it is not harmful, researchers wrote in The Lancet Psychiatry.

The ...

 
(MENAFN - AFP) The International Monetary Fund said Wednesday that it could remove its unprecedented 2013 censure of Argentina in November after the country improved its reporting of key economic statistics.

The IMF Executive Board said that Buenos Aires had made "extraordinary efforts and important progress" in improving the accuracy of growth and inflation data that they ...

 
(MENAFN - AFP) The huge back-tax bill European authorities slapped on Apple has put a spotlight on $2.4 trillion in untaxed earnings parked offshore by US companies, a tempting target for governments seeking to strengthen their finances.

While Washington lays claim to rights to tax the money, critics say it represents profits transferred out of other countries' jurisdictions ...

 
(MENAFN - AFP) The United States and Cuba took their efforts to build better ties into the skies on Wednesday, with the first regular commercial flight between the two countries in more than 50 years.

JetBlue Flight 387 landed in the central Cuban city of Santa Clara a little before 11:00 am (1500 GMT), about an hour after leaving Fort Lauderdale in southeastern Florida with ...

 
(MENAFN - AFP) US President Barack Obama named a powerful new oversight board for Puerto Rico Wednesday charged with helping restore the finances of the debt-mired Caribbean island.

The White House said the seven members of the Financial Oversight and Management Board would be charged with helping the government of the US territory restructure its $70 billion in debts and ...

 
(MENAFN - AFP) Chelsea agreed terms with Paris Saint Germain to re-sign Brazil defender David Luiz on Wednesday, while Manchester City allowed four players to leave on season-long loan deals as the transfer deadline approached across Europe.

Luiz was sold by Chelsea to French side PSG for a world record fee for a defender when he joined the French club for £50 million ($65 ...

 
(MENAFN - AFP) An experimental drug cleared protein buildup in the brains of people with mild Alzheimer's disease and slowed their mental decline, the results of a preliminary trial showed Wednesday.

The outcome raised hopes that a treatment may finally be within reach for the memory- and independence-robbing disease, but experts cautioned against overplaying the findings. ...

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