By Farah Master and Venus Wu | HONG KONG HONG KONG As visitors sip champagne at Hong Kong’s Art Basel event this week and take selfies with replicas of deceased leaders Fidel Castro and Mao Zedong, a more urgent issue is rumbling through dealers exhibiting – how big an impact China’s capital controls will be in the coming year. Over the past six months, Chinese buyers have […]
By Andrew MacAskill and Anjuli Davies | LONDON LONDON Britain’s Labour party has won five seats at elections in the City of London, the heart of the country’s financial district, as it seeks to challenge the borough’s centuries-old policy of independence from party politics. Britain’s main opposition party, lagging far behind the Conservatives in national opinion under its current leader, veteran socialist Jeremy Corbyn, has had its […]
Friday 06:00 GMT Overview Asian stock markets continued to recover after a midweek sell-off and as a highly anticipated vote on US healthcare reform was pushed back until later on Friday. European bourses are expected to open on the front foot, with spreadbetters predicting the UK’s FTSE 100 will add 8 points to 7,349 and Germany’s Dax to advance 20 points to 12,060. Hot topic Global markets […]
Author: Reuters Fri, 2017-03-24 ID: 1490303611814472200 GENEVA/MOSUL: About 400,000 Iraqi civilians are trapped in the Daesh-held Old City of western Mosul, short of food and basic needs as the battle between the militants and government forces rages around them, the UN refugee agency said on Thursday.Many fear fleeing because of Daesh snipers and land mines. But 157,000 have reached a reception and transit center outside Mosul since […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from their last close. In […]
Chu Jeong Woo and his tour group from South Korea were supposed to visit Britain’s Houses of Parliament on Thursday. But with the area cordoned off, they had to settle for selfies with the symbol of British democracy — and the scene of Wednesday’s lethal terror attack — as a backdrop. “Change in plans,” Mr Chu, a student, explained as many in his group snapped pictures of […]
Two prominent economists, Anne Case and Angus Deaton, made national headlines when they reported in 2015 the spike in mortality among midlife white Americans since 1999, higher than the death rates of blacks, Hispanics, and Europeans. This time, Case and Deaton said the steady rise of deaths among white working-class Americans could have its roots to the not-so-rosy opportunities for the less-educated as they enter the job market. […]
By Jane Chung and Geert De Clercq | SEOUL/PARIS SEOUL/PARIS South Korea’s KEPCO (015760.KS), the likeliest suitor for Toshiba Corp’s (6502.T) troubled nuclear business, is holding off from making an approach because of question marks over the scale of damage at the unit and political uncertainty in both South Korea and the United States, people with direct knowledge of the matter say. Japanese TV-to-rail conglomerate Toshiba has […]
MOSCOW — It’s 2017, and the new Cold War is in full swing. The West is winning, for now. U.S. sanctions have impoverished Russia. But the two sides are poised at a critical juncture. The Russians have come up with new technology to drill for gas that could send their economy skyrocketing again, putting the West on the back foot. And so, the CIA sends President Donald […]
By Lisa Richwine | LOS ANGELES LOS ANGELES Walt Disney Co (DIS.N) said on Thursday its board extended Chairman and Chief Executive Officer Bob Iger’s term by a year to July 2, 2019 and said he would serve as a consultant to the media giant for three years after that. This is the third time Iger’s contract has been extended. Iger first said he would retire in […]
The lungs play an important role in producing blood. Until this discovery, lungs were only associated with breathing, and the bone marrow was thought to be the one responsible for blood production. New research carried out at the University of California San Francisco has found that most of the platelets are actually produced in the lungs, and not in the bone marrow. The study was conducted on […]
By Phil Stewart and Idrees Ali | WASHINGTON WASHINGTON The top U.S. general in Europe said on Thursday that he had seen Russian influence on Afghan Taliban insurgents growing and raised the possibility that Moscow was helping supply the militants, whose reach is expanding in southern Afghanistan. “I’ve seen the influence of Russia of late – increased influence in terms of association and perhaps even supply to […]
When Flavio Evers Cassou, an employee of the world’s biggest meatpacker, JBS, dropped off a large cooler of meat at a friend’s home last year in southern Brazil, he could not have foreseen the crisis of confidence it would cause in the industry and the country’s wider corporate sector. The friend in question happened to be Maria do Rocio Nascimento, the chief inspector of products of animal […]
Last week, a colleague received the printer’s proofs for an article that she submitted two years ago. You read that correctly. In the time that it takes to earn a master’s degree, she managed to navigate the labyrinth of academic peer review in order to publish one essay. It’s a success story, if you can maintain your sense of humor. Journal publishing in the humanities […]
President Donald Trump has given more than he promised to space agency NASA. On Tuesday, March 21, he signed an advisory bill and authorized funding of $19.5 billion to NASA. Initially, President Trump had proposed funding of $19.1 billion, but for reasons best known to him, he upped the amount by $4 billion. This is the first of its kind authorization bill that has been given to […]
The man who killed three people and injured at least 40 in the terror attack on Westminster was British born and has previously been investigated by MI5, Theresa May said on Thursday. Although the attacker, who was fatally shot by police, was known to the domestic security service, it is believed he acted alone and was “not part of the current intelligence picture”, the prime minister said. […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark for oil, were at $50.82 per barrel at 0807 GMT, up 18 cents, or 0.4 percent, from their last close. That came […]
The legendary Breitling DC-3 aeroplane has landed in Dubai as part of its record-breaking world tour. This historic aircraft, which is aiming to become the oldest plane to circumnavigate the globe, arrived at Jetex FBO Terminal, Dubai World Central on Tuesday (21st March) ahead of the next leg of the trip which will take it to Karachi, Pakistan. Having crossed the Gulf from Qatar, flying low over […]
Newfound volatility and jitters ahead of a key healthcare vote in Washington have sapped enthusiasm for corporate bonds, forcing several companies to pay up to borrow through debt capital markets and sending others to the sidelines to await market calm. Goldman Sachs and Santander were forced to offer more attractive new issue premiums to draw investors amid the subdued market conditions, as several recent bond offerings sold […]
For those feeling a bit hopeless because their Switch units are constantly having connectivity issues, fret no more. Not only is Nintendo offering a simple fix to get the affected controller in top shape again, it has also reassured that units moving forward will not hold the same woe. Nintendo Switch Left Joy-Con Connectivity Issues While it didn’t admit that the Switch’s Joy-Con has a core design […]
March 23, 2017 by: Peter Wells in Hong Kong Thursday 02.15 GMT Overview Asian markets were in a more subdued mood and making a tentative recovery from a midweek sell-off in which many global stock markets suffered their worst session since the US presidential election. A terror attack in London on Wednesday also kept investors in a cautious mood. Hot topic A jolt to global financial markets […]
By Patricia Zengerle and Dustin Volz | WASHINGTON WASHINGTON The Republican chairman of the U.S. House of Representatives intelligence committee set off a political firestorm on Wednesday when he said the communications of members of Donald Trump’s transition team were caught up in incidental surveillance targeting foreigners. Representative Devin Nunes said at a news conference that it was possible President Trump’s own communications were also intercepted and […]
By Andrea Hopkins | OTTAWA OTTAWA Canada’s Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook. Finance Minister Bill Morneau’s second budget contained few surprises, in line with expectations that Ottawa wants to wait to see […]
By David Morgan and Yasmeen Abutaleb | WASHINGTON WASHINGTON U.S. President Donald Trump and Republican congressional leaders worked on Wednesday to try to secure enough support in the House of Representatives to win passage of their Obamacare rollback bill, watched by wary investors in financial markets. Repealing and replacing Democrat Barack Obama’s 2010 Affordable Care Act is the first major test of Trump’s legislative ability and whether […]
