PARIS (AP) â The timing could not have been worse. Daggers were already drawn in a father-daughter duel within the far-right National Front when a judicial investigation began circling closer and closer to the party leadership.
(Reuters) - Big-hitting Thai Kiradech Aphibarnrat eagled the penultimate hole to force a playoff and then prevailed over Chinese teen Li Hao-tong at the Shenzhen International to claim his second European Tour title on Sunday. The 19-year-old Chinese golfer signed off with a five-under-par 67 in his regular round to aggregate 12-under, hoping to be the first from his country to win an European Tour event on home soil. Overnight leader Kiradech, however, had other ideas as the Thai, having dropped four bogeys by then, eagled the 17th to draw level before squandering a putt to win the tournament on the final hole. "Special thanks to my caddie, he was always pushing me," the 25-year-old Kiradech, whose only other European Tour victory came at the 2013 Malaysian Open, said.
ALBANY, N.Y. (AP) â New York Gov. Andrew Cuomo is heading to Havana, the first American governor to visit Cuba since the recent thaw in relations with the communist nation. Whether his trade mission generates anything more than headlines, however, remains to be seen.
Japan and the United States reported progress in top-level trade talks on Sunday that could pave the way for a broader trans-Pacific trade deal, although Tokyo cautioned that a bilateral accord was unlikely in time for a summit next week. Japan's Economy Minister Akira Amari and U.S. Trade Representative Michael Froman both said they had made good progress in the first of two days of cabinet-level discussions. "We exchanged opinions about areas where Japan and the U.S. will cooperate in dealing with others" in the multilateral talks, Amari told reporters. Access to Japan's farm market and the U.S. car market remain obstacles to a bilateral deal between the two nations, vital to the success of a long-delayed Trans-Pacific Partnership (TPP) pact.
China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the central bank said in a statement on its website www.pbc.gov.cn. "Though the growth in the first quarter met the official target of around 7 percent for 2015, the slowdown in several areas, including industrial output and retail sales, has caused concern," said a report published by the official Xinhua news service covering the announcement. The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.
By Steven Scheer and Tova Cohen TEL AVIV (Reuters) - Teva Pharmaceutical Industries shares slid five percent on Sunday after U.S. regulators approved a generic version of its top-selling multiple sclerosis drug and amid reports it was mulling a bid for rival Mylan. Teva's Tel Aviv shares fell to 249.80 shekels ($64) late on Sunday, the first day of trading since both news hit the market on Thursday after Israel's market closed for the weekend. Teva's New York-listed shares fell 3.8 percent on Thursday but gained 2.2 percent on Friday, ending the week at $64.91. In a potentially major blow for Teva, the U.S. Food and Drug Administration approved the first generic version of multiple sclerosis drug Copaxone, which accounts for about half the company's profit.