Wrapping up six days of marathon nuclear talks with mixed results, Iran and six world powers prepared Tuesday to issue a general statement agreeing to continue negotiations in a new phase aimed at reaching a comprehensive accord by the end of June, officials told The Associated Press on Tuesday. The talks have already been extended twice as part of more than a decade of diplomatic attempts to curb Tehran's nuclear advance, and the next stage will be presented as a new phase, because most of the parties had ruled out another prolongation of this round.
The European Central Bank's 1 trillion euro quantitative easing programme, launched this month, has prompted investors to pile into shares on bets that a weak euro, low borrowing costs and cheap oil will help company profits surge. It is up a whopping 16 percent since Jan. 1, with Germany's DAX up 23 percent and France's CAC 19 percent higher, compared to a more modest 5 percent gain for London's FTSE . Euro zone inflation data due at 0900 GMT is expected to show a small pick up in prices following the launch of the ECB's stimulus, but with a year and a half of the programme still to run, investors remain upbeat on euro zone assets. "For the moment we have decided not to take profits because Europe has been lagging for several years so it still has room to outperform," said Didier Duret, chief investment officer at ABN Amro.
Talks between officials from Greece and its EU/IMF lenders in Brussels have ended without a deal on the country's reform plans and may continue next week, three Greek government officials said on Tuesday. "The Brussels Group process has been concluded," one of the government officials said, referring to the informal name of the EU/IMF lenders.
By Ron Bousso LONDON (Reuters) - Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. With a self-imposed deadline set for the end of the day, the United States, Britain, France, Germany, Russia and China ramped up the pace of negotiations with Iran in Switzerland over an outline deal on Tehran's nuclear program. Disagreements on enrichment research and the pace of lifting sanctions remained as hurdles that could scupper a deal to end a 12-year standoff between Iran and the West. Russian Foreign Minister Sergei Lavrov told reporters in Moscow he believed the talks had a good chance of success.
By Tetsushi Kajimoto and Takashi Umekawa TOKYO (Reuters) - As dozens of countries from Europe to the Middle East to Africa jump on the bandwagon of joining the China-backed Asian Infrastructure Investment Bank (AIIB), Japan is opting to stay out for now, with officials believing it can sign up later if its conditions are met. Japanese officials have shrugged off the March 31 deadline set by China to become a founding member of the Beijing-based bank, and say they attach greater importance to conditions being met rather than when to join. Our stance remains unchanged that we must cautiously watch how (China) guarantees fair governance at the AIIB," a government source told Reuters. Japan is caught between the misgivings about the AIIB expressed by its biggest ally, the United States, Tokyo's rivalry with Beijing, and the desire of some officials and businesses to partner with the rapid growth of China, the world's second-biggest economy.
By Toby Sterling AMSTERDAM (Reuters) - Philips has agreed to sell an 80.1 percent stake in its lighting components division for $2.8 billion to Go Scale Capital, a technology fund that will seek to expand the company's automotive and LED businesses. The deal announced on Tuesday is a prelude to an even bigger strategic move for Philips: spinning off its main lighting division, the world’s largest lighting maker, via a stock market flotation, as the Dutch group focuses on medical technology and selected consumer products. Philips said the deal values the components business, which comprises an automotive lighting unit and the "Lumileds" LED manufacturing business, at $3.3 billion including debt. Go Capital was advised by London-based Zaoui & Co, while Philips was advised by Morgan Stanley.
Family doctors should monitor the growth of children and teens in their care, new expert advice on treating children and teens who are overweight or obese suggests. In essence, the guidance says doctors should be keeping an eye on their young patients' growth, and could recommend specialized healthy weight programs that involve dietitians, psychologists and other medical professionals for children and teens who are overweight or obese.
Losing weight is going competitive as a new website uses people’s urge to make money as an incentive to shed pounds. DietBet is a New York City-based website that launched in 2013. It allows users to put money on the line that they can win back if they lose a certain percentage of their body weight in a set amount of time. Ottawa mother Laureen Krumshyn said she bet $200 she’d lose 10 per cent of her body weight in six months and it’s working so far.
The choice of South African comic Trevor Noah as Jon Stewart's replacement on "The Daily Show" advances an intriguing new trend of late-night comic hosts with a more worldly perspective while continuing the longer-running pattern of keeping those jobs filled with men. Comedy Central announced Monday that the 31-year-old Noah will take over from Stewart, who said last month that he will exit the show that has made him a key part of the news and cultural landscape since 1999. Noah follows James Corden — also little-known, also from overseas — who recently began as host of CBS' "Late Late Show" host. Corden is British, as is John Oliver, a veteran of "The Daily Show" who began a well-regarded late-night show on HBO last year.
Twenty years after Selena's murder, the Latin world will remember "The Queen of Tejano" with concerts, lookalike contests, dances and a massive festival. "Of course I'm happy that, today, people remember Selena more than ever," Abraham Quintanilla Jr. said via phone from his office in Corpus Christi.
It's still only in development, but the cast of the "Arrow"/"The Flash" spin-off is growing. Joining Wentworth Miller (Captain Cold/Leonard Snart), Brandon Routh (The Atom/Ray Palmer), Victor Garber (Prof. Stein), Dominic Purcell (Heat Wave/Mick Rory) and Caity Lotz (in an unnamed role) are "Doctor Who" alum Arthur Darvill and actress Ciara Renee. Ciara will play Kendra Saunders, aka Hawkgirl, a name that stems from one of her past lives as an ancient warrior. 'Arrow' is sort of a crime/family saga and 'Flash' is sort of a part family drama, part cop show, part sci-fi extravaganza, and the team up show has its own identity too.
By Simon Evans MIAMI (Reuters) - Sisters Serena and Venus Williams marched into the quarter-finals of the Miami Open after straight-set wins at Key Biscayne on Monday. World number one Serena beat 24th seeded Russian Svetlana Kuznetsova 6-2 6-3 producing 29 winners and 20 unforced errors. Serena has now won 18 straight matches and she is looking to add to her seven titles in Miami with her third straight triumph after winning in 2013 and 2014.
By Simon Evans MIAMI (Reuters) - Defending champion Novak Djokovic defeated Belgium's Steve Darcis 6-0 7-5 on Monday to power into the last 16 of the Miami Open along with Japan's Kei Nishikori, Canada's Milos Raonic and American John Isner. The Serbian world number one, who just like last year won at Indian Wells before heading to South Florida, will face Alexandr Dolgopolov, a 7-5 6-4 winner over Brazilian Thomaz Bellucci, in the fourth round. Djokovic, who is seeking a fifth win at Miami, wrapped up a one-sided first set in 26 minutes but faced a sterner test in the second.
The red and white Canadian colours have become a familiar look for curling coach Earle Morris. He wore them with Rachel Homan's rink at the world women's curling championships in 2013 and 2014 and he's sporting them again this week with the Canadian team at the men's world playdowns at Scotiabank Centre. This time around, Morris is coaching his son John, skip Pat Simmons, second Carter Rycroft and lead Nolan Thiessen.
Jiri Hudler is having the best season of his 10-year career, and the Calgary Flames forward is savvy enough to know that it doesn't hurt to be a little lucky. Hudler deflected in a second-period shot to start Calgary's three-goal flurry in a span of 6:49 that helped the Flames beat the Dallas Stars 5-3 on Monday night. Kris Russell's shot from the left point hit Hudler and Dallas defenceman Alex Galligaskins and trickled past goalie Kari Lehtonen. After Raphael Diaz and Johnny Gaudreau scored for a 4-2 Flames lead, Stars coach Lindy Ruff pulled Lehtonen.
By Chris Michaud NEW YORK (Reuters) - Pop sensation Justin Bieber, the subject of some unflattering headlines in recent years, suffered the slings and arrows of fellow entertainers, from Kevin Hart to Martha Stewart, as they skewered his looks, music and public antics during a celebrity roast broadcast on Monday. Comedy Central's "Roast of Justin Bieber," hosted by Hart, got off to an edgy start, with Hart joking that most of superstar's Bieber's fans "are either in middle schools, or standing at least 500 feet away from one." Hart was also joined by Natasha Leggero, Pete Davidson, Shaquille O'Neal, Snoop Dogg, roast veteran Jeff Ross, Chris D'Elia and Ludacris in lambasting Bieber, 21, over a two-hour special taped in Los Angeles earlier this month.
Justin Timberlake is anxiously awaiting the arrival of his first child with Jessica Biel. While accepting the Innovator Award at the iHeartRadio Music Awards on Sunday, the singer expressed gratitude towards his wife and said that he is preparing for diaper duty. Before being presented with the Innovator Award by designer Tom Ford, a special tribute video was played that included appearances from Jimmy Fallon, Taylor Swift, Timbaland and more influential people in music and Justin's career.