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Scientists see downsides to top COVID-19 vaccines from Russia, China

(This August 31 story is refiled to add dropped word founding to Ertl’s title in paragraph 13) By Allison Martell and Julie Steenhuysen TORONTO/CHICAGO (Reuters) – High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They... More »

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Canberra says not told why Australian journalist detained in China

SYDNEY (Reuters) – Australia does not know why Chinese authorities have detained Australian citizen and television anchor Cheng Lei, Trade Minister Simon Birmingham said on Tuesday, adding to the mystery why the journalist has been taken into custody. The Aust... More »

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Telcos get 10 years to pay India dues, pain not over for Vodafone

NEW DELHI (Reuters) – Heavily indebted Indian telecoms firm Vodafone Idea (VODA.NS) won some reprieve on Tuesday as the country’s top court gave mobile carriers 10 years to settle government dues, but the company’s longer-term problems are not over. Vodafone I... More »

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Betting on Asia’s debt, Europe’s hunt for yield heads east

SINGAPORE/AMSTERDAM (Reuters) – Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding economies can hold defaults at bay. Unlike i... More »

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Turkey detains senior Islamic State figure, minister says

ISTANBUL (Reuters) – Turkish police have arrested the Islamic State militant group’s top figure in Turkey, Interior Minister Suleyman Soylu said on Tuesday. Soylu said on Twitter “important plans” had been seized along with the militant. No further details wer... More »

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Thai police arrest student leader over anti-government protest

BANGKOK (Reuters) – Thai police arrested a student leader on Tuesday as part of a continued crackdown against political activists who helped organize an anti-government protest in July, a police officer told Reuters. Jutatip Sirikhan, 21, the president of the ... More »

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Former No. 1 Kerber eyeing improvement after rehiring coach Beltz

(Reuters) – Angelique Kerber has not won a title since 2018 but the former world number one is hoping better days lie ahead after rehiring compatriot Torben Beltz as her coach and restoring a partnership that helped the German win two of her three Grand Slam t... More »

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Osaka keen to spread awareness about racial injustice

NEW YORK (Reuters) – Japan’s Naomi Osaka says she wants to spread awareness about racial injustice after the former U.S. Open champion walked onto court with a mask bearing the name of Breonna Taylor on Monday. Osaka, who moved to the United States as a three-... More »

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Osaka allays injury fears in three-set win over Doi

NEW YORK (Reuters) – Japan’s Naomi Osaka showed no signs of discomfort from the injury that forced her to miss a final on Saturday but the former U.S. Open champion had to dig deep to beat compatriot Misaki Doi 6-2 5-7 6-2 in her opener at Flushing Meadows. A ... More »

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Highlights: U.S. Open day one

NEW YORK(Reuters) – Highlights of the first day at the U.S. Open on Monday (times ET- GMT-4). The Grand Slam, the second this year after Wimbledon was cancelled and the French Open was postponed, is being played without spectators due to the COVID-19 pandemic:... More »

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Facebook improving hate speech detection ahead of Myanmar election

(Reuters) – Facebook Inc said on Tuesday that it was preparing for Myanmar’s general election in November by improving the detection and removal of hate speech and content that incites violence and preventing the spread of misinformation. The company said in a... More »

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Australia’s COVID-19 deaths in virus hotspot fall to two-week low

SYDNEY (Reuters) – Australia’s second-most populous state Victoria, the epicentre for COVID-19 infections in the country, on Tuesday reported its lowest rise in virus-related deaths in two weeks as a second-wave outbreak eases. Victoria said five people died f... More »

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Mainland China reports 10 new COVID-19 cases vs 17 a day earlier

BEIJING (Reuters) – Mainland China reported 10 new COVID-19 cases on Aug. 31, down from 17 reported a day earlier, the country’s health authority said on Tuesday. The National Health Commission said in a statement that all new cases were imported infections in... More »

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Girl, 3, survives wild skyride caught in tail of giant kite

(Reuters) – A three-year-old girl entangled in the tail of a giant kite survived a terrifying ride after being swept more than 100 feet (30 metres) into the air during a kite festival in Taiwan, video footage posted on social media on Sunday showed. Horrified ... More »

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Singapore battles record dengue outbreak with more mosquitoes

SINGAPORE (Reuters) – From the high balcony of a Singapore public housing block, an environment official steadies his mosquito launcher, the latest contraption authorities have devised to combat a record outbreak of the tropical disease dengue. With the click ... More »

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Indians seek out fortune tellers to fight COVID-19 blues

NEW DELHI (Reuters) – In his golden-hued office, decked out with peacock feathers and crystal balls, Indian mystic healer and astrologer Sanjay Sharma is busy offering his clients a peek into their future as the COVID-19 pandemic has muddied their present. “Ri... More »

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Factbox: Quotes from court hearings for New Zealand mosque shooter

WELLINGTON (Reuters) – The gunman who killed 51 Muslim worshippers in New Zealand’s worst mass shooting faces a life prison term, possibly without parole, with multi-day sentencing hearings taking place this week. Brenton Tarrant, an Australian, has pleaded gu... More »

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In China, a Trump wax statue maker laments virus impact

SHANGHAI (Reuters) – For Zeng Sheng, the manager at Shanghai Maiyi Arts, this autumn should have been a boon for business: with the U.S. presidential election, demand for the centre’s wax replicas of Donald Trump should have been off the charts. Instead, the s... More »

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New Zealand’s Ardern postpones election as coronavirus flares up

WELLINGTON (Reuters) – New Zealand’s prime minister postponed the country’s general election on Monday by a month to Oct. 17 as the city of Auckland remains in lockdown due to a growing coronavirus outbreak. Jacinda Ardern bowed to pressure to delay the polls ... More »

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Japan’s record economic plunge wipes out Abe era gains

TOKYO (Reuters) – Japan was hit by its biggest economic slump on record in the second quarter as the coronavirus pandemic emptied shopping malls and crushed demand for cars and other exports, bolstering the case for bolder policy action to prevent a deeper rec... More »

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Facebook faces heat from Indian lawmakers on content practices

NEW DELHI (Reuters) – Indian politicians are trading barbs over a media report that Facebook Inc’s (FB.O) content policies favoured Prime Minister Narendra Modi’s party, putting the social network at the centre of a political storm in its biggest market by use... More »

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Back to the paddy fields. COVID smashes Indian middle-class dreams

DUTTA NAGAR, India (Reuters) – Until late March, Ashish Kumar was helping to make plastic boxes for Ferrero Rocher praline chocolates and the plastic spoons tucked inside Kinder Joy eggs to scoop out the milky sweet cream inside. With a diploma in plastic moul... More »

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Asia shares push ahead as China markets jump

SYDNEY (Reuters) – Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.... More »

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Take Five: Impasse!

1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »

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Factbox: Oil refiners shut plants as demand losses seen continuing

(Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses. The pandemic initially cut... More »

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Dollar in the doldrums- U.S. politics, Fed minutes eyed

SINGAPORE (Reuters) – The dollar slipped marginally and commodity currencies inched higher on Monday as investors were relieved by a delay in the review of the U.S.-China trade pact which left the deal intact. The moves in the Asia session were modest, as weak... More »

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New Zealand new wage subsidy scheme expected to cost $333 million

WELLINGTON (Reuters) – New Zealand’s Finance Minister Grant Robertson said on Monday that the new wage subsidy scheme is forecast to cost about NZ$510 million ($333.80 million) and cover 470,000 jobs. The scheme was announced last week after New Zealand locked... More »

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Nishikori tests positive for COVID-19 ahead of U.S. Open

(Reuters) – Japan’s Kei Nishikori said on Sunday he had tested positive for COVID-19 while in Florida – just two weeks ahead of the U.S. Open that begins in New York on Aug. 31. The 30-year-old former world number four has been staying at the IMG Academy in Br... More »

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Trump gets verified account on TikTok competitor Triller

WASHINGTON (Reuters) – U.S. President Donald Trump now has a verified account on TikTok competitor Triller, another sign of the White House’s disfavor toward the ByteDance-owned video-sharing app. Triller is one of several TikTok alternatives that have experie... More »

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Pelosi considering recalling Congress over Post Office woes

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi may recall lawmakers from a summer recess to address changes at the Postal Service that have prompted anger among Democrats and alarm about possible impact on the 2020 election. A Democratic congressional ... More »

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Stocks dip on lukewarm data- oil falls

NEW YORK (Reuters) – Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. A review of the U.S.-China trade ... More »

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U.S. equity funds post $5.6 billion weekly inflow: Lipper

(Reuters) – U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper. U.S. equity funds registered $5.6 billion in inflows in the week ended on Wednesday, according t... More »

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China sends fighter jets as U.S. health chief visits Taiwan

TAIPEI (Reuters) – Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as U.S. health chief Alex Azar visited the island to offer President Donald Trump’s support.... More »

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China imposes sanctions against U.S. lawmakers over Hong Kong

BEIJING (Reuters) – China said it would apply sanctions against 11 U.S. citizens including officials from Monday in response to Washington’s move on Friday to impose sanctions on 11 Hong Kong and Chinese officials whom it accused of curtailing political freedo... More »

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Iran says Beirut blast should not be politicised

DUBAI (Reuters) – Iran said on Monday that countries should refrain from politicising the massive blast in Beirut last week, and that the United States should lift sanctions against Lebanon. “The blast should not be used as an excuse for political aims … the c... More »

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China ex-regulator warns on bank funding risk as NCD issues boom

SHANGHAI (Reuters) – The former head of China’s securities regulator has raised concern about banks addressing funding shortages by ramping up issues of short-term interbank debt instruments that have in the past attracted regulatory scrutiny. Xiao Gang, forme... More »

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Indonesia reports 1,687 new coronavirus cases, 42 more deaths

JAKARTA (Reuters) – Indonesia reported 1,687 new coronavirus cases on Monday, bringing its total to 127,083, data from government’s COVID-19 task force showed. The Southeast Asian country also added 42 new deaths, taking that total to 5,765, data showed. Sourc... More »

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Dollar rally regains some momentum- Aussie and Kiwi fall

LONDON (Reuters) – The dollar rose in early London trading on Monday, including versus the euro and Swiss franc, with investors focusing on fiscal stimulus in the United States and U.S.-China tensions ahead of key trade talks on August 15. After talks in Washi... More »

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Australia says COVID-19 outbreak shows signs of peaking

SYDNEY (Reuters) – Australia recorded its biggest one-day rise in COVID-19 deaths on Monday although a slowdown in new cases gave hope that a second wave of new infections in the state of Victoria may have peaked. Nineteen people had died from the virus, all i... More »

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Saudi Aramco’s profit plunges, sees signs of oil market recovery

DUBAI (Reuters) – State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter. But the company stuck with plans to pay $... More »

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China’s factory deflation slows in July as recovery gains strength

BEIJING (Reuters) – China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy. The producer price ind... More »

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Hyundai Motor shares rise as much as 10% on Ioniq EV plan

SEOUL (Reuters) – Hyundai Motor Co (005380.KS) stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker... More »

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China reports 49 new coronavirus cases in mainland on August 9

SHANGHAI (Reuters) – China reported on Monday 49 new coronavirus cases in the mainland for August 9, compared with 23 cases a day earlier, the health authority said. The National Health Commission said in a statement 35 of the new infections were imported case... More »