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| Lagarde keeps IMF job, escapes penalty after negligence conviction in France | | Tuesday, December 20, 2016 4:04 AM | |
|  By Chine Labbé and David Lawder PARIS/WASHINGTON (Reuters) - International Monetary Fund chief Christine Lagarde escaped punishment and kept her job on Monday despite a conviction on negligence charges over a state payout made while she served as France's finance minister in 2008. The executive board representing the IMF's 189 member countries reaffirmed its full confidence in Lagarde's ability to lead the crisis lender, hours after the verdict was issued by a panel of judges in Paris with no fine or jail term. Lagarde told reporters at IMF headquarters that she would not appeal the decision after vigorously fighting the charge since she took the IMF's helm in 2011.
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| Peru's president, opposition leader vow cooperation after political tension | | Tuesday, December 20, 2016 2:47 AM | |
|  Peruvian President Pedro Pablo Kuczynski and right-wing opposition leader Keiko Fujimori promised on Monday to work together for the good of the country following their first meeting since facing off in a divisive election in June. The hour-long meeting, proposed and mediated by Catholic Cardinal Juan Luis Cipriani, aimed at seeking a political truce after Fujimori's party pushed a motion through Congress last week ousting Kuczynski's education minister despite his pleas to spare him. Kuczynski's defeat in that battle so early in his government spotlighted the power that Fujimori wields as the president of the Popular Force party that holds an absolute majority of seats in the single-chamber Congress.
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| Gunman wounds three in Zurich mosque rampage, motive unclear | | Tuesday, December 20, 2016 2:20 AM | |
|  By Michael Shields and Brenna Hughes Neghaiwi ZURICH (Reuters) - A man stormed into a Zurich mosque on Monday evening and opened fire on people praying, injuring three, Swiss police said. Two of the three men -- aged 30, 35 and 56 -- were seriously injured in the attack shortly after 5:30 p.m. local time (1630 GMT) near the main train station in Switzerland's financial capital, Zurich police said. People at the scene told Reuters the Islamic Centre on Zurich's Eisgasse was used as a mosque, often by Somalis.
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| China fines firms for using BMW-like trademark - media | | Tuesday, December 20, 2016 1:29 AM | |
| | A court in Shanghai ordered two Chinese firms and the founder of one of them to pay automaker BMW 3 million yuan ($431,617.41) for registering trademarks similar to that of the German firm, the Shanghai Daily reported on Tuesday. The ruling is the latest win for a large foreign firm in China, a sign that courts are taking trademark infringement more seriously in a country dogged with fakes of everything from clothing brands to entire shops. Zhou Leqin, one of the accused, registered Deguo Baoma Group (Int'l) Holdings Limited, which translates as German BMW Group (Int'l) Holdings Limited, in China in 2008, the paper reported the Shanghai Intellectual Property Court as saying. |
| Trump wins U.S. Electoral College vote; a few electors break ranks | | Tuesday, December 20, 2016 1:15 AM | |
|  By Eric M. Johnson and Jon Herskovitz SEATTLE/AUSTIN, Texas (Reuters) - Republican Donald Trump prevailed in U.S. Electoral College voting on Monday to officially win election as the next president, easily dashing a long-shot push by a small movement of detractors to try to block him from gaining the White House. Trump, who is set to take office on Jan. 20, garnered more than the 270 electoral votes required to win, even as at least half a dozen U.S. electors broke with tradition to vote against their own state's directives, the largest number of "faithless electors" seen in more than a century. The Electoral College vote is normally a formality but took on extra prominence this year after a group of Democratic activists sought to persuade Republicans to cross lines and vote for Democratic nominee Hillary Clinton.
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| Death toll rises to 12 after truck ploughs into German Christmas market | | Tuesday, December 20, 2016 1:12 AM | |
| | BERLIN (Reuters) - The number of people who were killed when a truck ploughed into a Christmas market in Berlin on Monday has risen to 12, German police said on Tuesday. Police said that 48 people were injured, some of them badly. (Reporting by Michael Nienaber; Editing by Paul Carrel) |
| Gunfire erupts in Kinshasa as Congolese protest Kabila's power | | Tuesday, December 20, 2016 12:53 AM | |
| | By Tim Cocks and Aaron Ross KINSHASA (Reuters) - Gunfire could be heard in several districts of Kinshasa early on Tuesday as demonstrators demanded that President Joseph Kabila step down after his mandate expired at midnight, and measures to curb dissent fanned fears of more violence. Reuters witnesses in various parts of the Democratic Republic of Congo's capital city heard repeated gunshots, and one saw youths burning tires in the street. Demonstrators in the districts of Kalamu, Matete and Lingwala as well as at Kinshasa University blew whistles to signal to Kabila that it was time to leave. |
| IMF's Lagarde keeps job, escapes penalty after negligence conviction in France | |  By Chine Labbé and David Lawder PARIS/WASHINGTON (Reuters) - International Monetary Fund chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France's finance minister in 2008. The Washington-based IMF executive board reaffirmed its full confidence in Lagarde's abilities to perform her duties leading the Fund, hours after the verdict was issued in Paris. In Monday's ruling, the judges did not find negligence in Lagarde's decision to seek an out-of-court settlement with tycoon Bernard Tapie.
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| Protests erupt in Congo as Kabila's mandate expires | |  By Aaron Ross and Tim Cocks KINSHASA (Reuters) - Protests erupted in several neighbourhoods of the Congolese capital Kinshasa late on Monday and police fired tear gas to disperse them, witnesses said, just before President Joseph Kabila's mandate expires at midnight. Demonstrators in the districts of Kalamu, Matete and Lingwala and at Kinshasa University blew whistles to signal to Kabila that it was time to leave, and students at the university burned tires, multiple witnesses said. Hundreds of anti-Kabila demonstrators earlier defied a ban on marches against the president's plans to stay in office past the end of his term, and security forces faced off against groups waving red cards saying "Bye, bye Kabila." Opposition activists have accused Kabila of trying to cling to power by letting his term run out without an election to chose the next leader of Congo, which has not witnessed a peaceful change of power since independence in 1960.
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| U.S. sees China returning drone as early as Tuesday in South China Sea | |  By Phil Stewart, Idrees Ali and Ben Blanchard WASHINGTON/BEIJING (Reuters) - The United States expects China to return soon an underwater U.S. drone seized by a Chinese naval vessel last week, with one U.S. official telling Reuters the exchange could happen as early as Tuesday at an agreed location in the South China Sea. China's seizure of the unmanned underwater vehicle (UUV) triggered a diplomatic protest and speculation about whether it will strengthen U.S. President-elect Donald Trump's hand as he seeks a tougher line with Beijing. A Chinese warship took the drone, which the Pentagon says uses unclassified, commercially available technology to collect oceanographic data, on Thursday about 50 nautical miles northwest of Subic Bay in the Philippines.
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| Russian ambassador shot dead in Ankara gallery | |  By Umit Bektas, Orhan Coskun and Tuvan Gumrukcu ANKARA (Reuters) - The Russian ambassador to Turkey was shot in the back and killed as he gave a speech at an Ankara art gallery on Monday by an off-duty police officer who shouted "Don't forget Aleppo" and "Allahu Akbar" as he opened fire. President Tayyip Erdogan, in a video message to the nation, cast the attack as an attempt to undermine NATO-member Turkey's relations with Russia - ties long tested by the war in Syria.
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| Trump condemns assassination of Russian ambassador to Turkey | |  (Reuters) - U.S. President-elect Donald Trump condemned the assassination of the Russian ambassador to Turkey on Monday, saying the killing was carried out by a "radical Islamic terrorist" and violated "all rules of civilized order." Trump, in a statement issued by his transition team, offered condolences to the family of Russian Ambassador Andrei Karlov, who was fatally shot while attending an event at an art gallery in Ankara. (Reporting by Roberta Rampton in Washington; Writing by David Alexander; Editing by Mohammad Zargham)
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| France increases security at Christmas markets after Berlin truck incident | |  PARIS (Reuters) - France will increase security at Christmas markets across the country after a truck ploughed into people at a seasonal market in Berlin on Monday, killing at least nine people, the Interior Ministry said. "Franco-German cooperation will continue with no respite so that democracies win the war against those who want to strike at our values and freedoms," the ministry said in a statement. "All security forces will keep to a maximum level of vigilance. Security at Christmas markets will be reinforced with immediate effect." (Reporting by John Irish, editing by G Crosse)
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| Protests erupt in Congo capital, police fire tear gas | | | KINSHASA (Reuters) - Protests erupted in several neighbourhoods of the Congolese capital Kinshasa late on Monday, and police fired tear gas to disperse them, witnesses said, just before President Joseph Kabila's mandate expires at midnight. Demonstrators blew whistles to signal to Kabila that it was to leave in the communes of Kalamu, Matete, Lingwala, and at Kinshasa University, multiple witnesses said. A spokesman for the police did not immediately respond to a request for comment. (Reporting by Amedee Mwarabu and Aaron Ross; writing by Tim Cocks, editing by G Crosse) |
| Exclusive - U.S. proposed $5 billion-7 billion penalty on Credit Suisse on toxic debt: source | |  By Joshua Franklin, Oliver Hirt and Karen Freifeld ZURICH/NEW YORK (Reuters) - The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount. "Credit Suisse is confident of reaching a better solution," said the second person. In a sign that negotiations may be reaching their final stages, U.S. Attorney General Loretta Lynch last week met with Credit Suisse chief executive Tidjane Thiam, another person familiar with the matter said.
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| IMF board reaffirms confidence in Lagarde after negligence verdict | |  The International Monetary Fund said on Monday its executive board reaffirmed its full confidence in Managing Director Christine Lagarde despite her conviction by a French court on a negligence charge. "The Executive Board took all relevant factors into account in its discussions, including the Managing Director's outstanding leadership of the Fund and the wide respect and trust for her leadership globally," the executive board said in a statement.
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| Truck crash in Berlin could be accident or attack - official | |  BERLIN (Reuters) - The circumstances of Monday's deadly truck crash at a Christmas market in Berlin is still unclear, a senior German official said, dismissing as speculation reports that the lorry could have been hijacked by militants. "The sequence of events point to either an accident or an attack," Berlin State Interior Minister Andreas Geisel said. German Foreign Minister Frank-Walter Steinmeier said in a statement it was still unclear exactly what had happened. Security officials are trying to secure the site and find those responsible, he said. ...
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| Turkish official links Russian envoy killer to exiled cleric | |  By Orhan Coskun ANKARA (Reuters) - A Turkish security official said Ankara saw "very strong signs" the gunman who killed Russia's ambassador there on Monday was a follower of a U.S.-based Muslim cleric blamed for orchestrating a failed coup in July. A representative of cleric Fethullah Gulen, Alp Aslandogan, denied any link and said the exiled cleric condemned the murder as a "heinous act". The Turkish official, who declined to be identified, said the current investigation was focused on the gunman's links to the network of Gulen's followers, which the government calls the "Gulenist Terrorist Organisation" or "FETO".
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| U.S. charges Platinum Partners executives with $1 billion fraud | |  By Nate Raymond and Lawrence Delevingne NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns -- about 17 percent annually in its largest fund -- by taking an unusually aggressive approach to investing and fund management, as detailed by a Reuters Special Report in April.
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