Britain's government has begun selling its majority stake in bailed-out Royal Bank of Scotland (RBS) to reduce state debt and kick-start the lender's full return to the private sector, the Treasury said Tuesday. The government has sold 5.4 percent of RBS for Â£2.1 billion ($3.3 billion, 3.0 billion euros), a statement said. "The government has today begun the process of selling its shares in the Royal Bank of Scotland.
The price tag for a bold global new anti-poverty agenda comes to between $3.5 and $5 trillion annually over the next 15 years, part of a United Nations' "to-do list" for the world. The UN's 193 member states agreed on a draft plan for the sustainable development goals at the weekend and world leaders are set to endorse them at a summit in New York from September 25 to 27. The 17 goals and 169 targets to end poverty, ensure healthy lives, promote education and combat climate change are even more sweeping than the UN's Millennium Development Goals (MDGs) that expire at the end of this year.
(The Sports Xchange) - David Price provided everything the Blue Jays could have wanted on his Toronto debut on Monday as he allowed three hits, two walks, one run and struck out 11 in his first start since joining from the Detroit Tigers last week. With third baseman Josh Donaldson hitting a two-run homer and second baseman Ryan Goins belting a solo shot, the Blue Jays carried the feel-good factor around the clubhouse to a 5-1 defeat of the Minnesota Twins. Price (10-4) was also impressed by the warm welcome he received from a sellout crowd, as he was cheered during his warm-ups and left to a standing ovation after the eighth inning with the pitcher tipping his cap in return.
(The Sports Xchange) - Adrian Beltre hit for his third career cycle to inspire the Texas Rangers to a wild 12-9 victory over the Houston Astros at Globe Life Park on Monday. Beltre, who completed the cycle with a fifth-inning home run off Mike Fiers, is just the fourth player to have three career cycles and the first to accomplish that feat since Babe Herman managed it in 1933. The third baseman's offensive heroics were just part of a contest in which the Rangers batted around twice, chased Houston starter Lance McCullers after one-third of an inning and had 15 hits.
LANCASTER, N.H. (AP) â Safety officials in New Hampshire worked through the night investigating the collapse of a circus tent during a severe storm that killed two spectators and injured at least 22 other people.
By Minami Funakoshi TOKYO (Reuters) - Toyota Motor Corp posted a third straight year of record first-quarter net profit on Tuesday, easily beating analyst estimates, as costs cuts and currency gains made up for slightly weaker vehicle sales. April-June profit jumped 10 percent to 646.39 billion yen ($5.22 billion) versus the 607.5 billion yen average estimate of 11 analysts polled by Thomson Reuters. Operating profit rose 9.1 percent to 756 billion yen on revenue that grew 9.3 percent. ...
Asian shares extended gains on Tuesday, shrugging off downbeat economic data overnight that had pressured Wall Street, focusing instead on a key U.S. jobs report that could give valuable pointers to the timing of the Federal Reserve's planned interest rate increase. Crude oil prices firmed after plunging overnight, with U.S. crude adding about 0.8 percent to $45.52 a barrel.
By Ben Hirschler LONDON (Reuters) - Drug industry productivity is continuing to improve, with a bumper haul of new products being launched and companies proving more successful in the final stages of clinical testing, according to a new analysis. Data from Thomson Reuters published on Tuesday showed the number of innovative medicines, or new molecular entities, launched globally in 2014 hit a 17-year high of 46, up from 29 in 2013. Last year's entrants included two cancer drugs that help the body's own immune cells fight tumors as oncology remained the top area for drug research, attracting nearly one third of all R&D spending.