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Israeli Defence Minister Avigdor Lieberman says a parliamentary vote to legalise Jewish settler homes in the West Bank should be put on hold until Donald Trump becomes US president. Speaking at a conference in Washington on Friday night, video of which was released by his office, Lieberman was quizzed about the vote which could go to its first reading next week. US President Barack Obama officially hands over office to Trump on that date.
By Mfuneko Toyana and James Macharia JOHANNESBURG (Reuters) – Standard & Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept its sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on the rating. A cut would take South Africa below investment grade, pushing its bonds out of global indices and preventing institutional investors from buying its debt.
DETROIT (AP) — Robert Spillane intercepted a pass with 51 seconds remaining, and No. 13 Western Michigan remained undefeated, holding off Ohio 29-23 on Friday night to win its first Mid-American Conference title since 1988.
DENVER (AP) — Howard Dean took himself out of the race to become chairman of the Democratic National Committee on Friday, while the frontrunner in the contest, Rep. Keith Ellison, said he may leave his Minnesota congressional seat to serve in the position.
Venezuela angrily rejected as a "coup" its suspension from South American economic bloc Mercosur on Friday, the harshest international punishment yet for President Nicolas Maduro's crisis-racked government. In a joint statement, the foreign ministers of Argentina, Brazil, Paraguay and Uruguay announced Venezuela was suspended from the group after accusations that the leftist government in Caracas failed to meet democratic and trade standards. "This is a coup d'etat to Mercosur and constitutes a very grave attack on Venezuela," Foreign Minister Delcy Rodriguez told a press conference.
The German state of Hesse has approved an amended fee proposal for Frankfurt airport for 2017, allowing operator Fraport to increase fees but angering the airport's main customer Lufthansa . Irish budget carrier Ryanair announced last month plans to start flying from Frankfurt airport next year, prompting calls from Lufthansa for airport operator Fraport to lower fees for all carriers. The Hesse economy and transport ministry said in a statement on Friday that one aspect of the new structure awards incentives to airlines that increase their passenger numbers from the airport, such as by opening up a new route or increasing capacity.
Global stocks, oil and the dollar eased on Friday with investors took a cautious stance before Italy's referendum on constitutional reform and U.S. payrolls data later in the day, which may cement the case for a Federal Reserve rate increase. Strong economic data from the U.S., including upbeat manufacturing activity and construction spending, have bolstered the view that the Fed will tighten monetary policy faster than expected to keep inflationary pressures in check. U.S. employers probably hired more people in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month.
U.S. employers likely boosted hiring in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls probably increased by 175,000 jobs last month after rising by 161,000 in October, according to a Reuters survey of economists. The Labor Department will release its closely watched employment report on Friday at 8:30 a.m. (1230 GMT).
By Emily Stephenson CINCINNATI (Reuters) – President-elect Donald Trump kicked off his post-election "thank you tour" on Thursday by railing against globalization, promising the return of manufacturing jobs to American workers, and vowing to shut U.S. borders to some Middle East migrants. Speaking in an arena that was about three-quarters full, Trump rallied the crowd by repeatedly attacking the "extremely dishonest" media and invoking the populist message that resonated with millions of voters. "From now on it's going to be America first, okay?" Trump said as he stressed job-creation spurred by trade deals he intends to renegotiate, including the North American Free Trade Agreement.
Community banks will face less red tape and be able to lend to more small businesses once Congress erases financial rules conceived after the economic downturn of 2008, a leading Republican lawmaker said on Thursday. The plan from Jeb Hensarling, chairman of the House Financial Services Committee, would roll back parts of the Dodd Frank reform legislation, a law that was meant to prevent a future financial meltdown by muzzling Wall Street. Hensarling said Dodd Frank unduly crimps local lending and that replacing Dodd Frank is his top priority.