SAN FRANCISCO In 2009, Eugene Kaspersky, co-founder of one of the world’s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies N.V. (AVG.N) by “rubbing them out in the outhouse,” one of se... More »
BEIJING A television cameraman and his Segway succeeded in doing what none of Usain Bolt’s rivals could in the 200 meters final at world championships on Thursday — knock the Jamaican off his stride, and his feet, during his lap of honor. Bolt was taking the p... More »
SHANGHAI China’s Bank of Communications Co Ltd, the country’s fifth-largest listed bank by assets, reported a 1.5 percent rise in first half net profit, even as its bad debts continued to rise. BoCom on Thursday posted a net profit of 37.32 billion yuan ($11.0... More »
SHANGHAI Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world’s second-largest economy is deepe... More »
BERLIN French Economy Ministry Emmanuel Macron said on Tuesday developments in China pose a risk that should not be underestimated. He was speaking at an event with German Foreign Minister Frank-Walter Steinmeier in the German capital. (Reporting by Andreas Ri... More »
SHANGHAI， China’s yuan dipped against the dollar on Tuesday after closing at its weakest level since 2011 on Monday, hit by another slump in the mainland’s stock market and a weak central bank midpoint. Traders said they believed the yuan’s current range betwe... More »
LONDON Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the center of the rout, was smashed again. The dollar and oil prices saw their first rises in five... More »
ANKARA The leader of Turkey’s pro-Kurdish HDP opposition said on Tuesday his party was ready to take part in an interim power-sharing government but that he would not be surprised if the prime minister tried to form a cabinet without the HDP. President Tayyip ... More »
BEIJING China said it would launch a three-month crackdown on underground banking to curb money-laundering and illegal funds transfers as unstable markets stoke fears of capital flight. Worries over China’s economic slowdown and possible interest rate rises by... More »
SINGAPORE Crude oil markets recovered slightly on Tuesday after a 6 percent drop in the prior session, although prices held near 6-1/2-year lows as continued weakness in Chinese equities triggered fears of an economic tailspin in the region. While global marke... More »
NAYPYITAW Myanmar’s powerful commander-in-chief has reiterated that the military will respect the outcome of the country’s Nov. 8 election, seen as a crucial test of Myanmar’s reform process. Senior General Min Aung Hlaing said that the main concern of the arm... More »
SINGAPORE/TOKYO The dollar rose against the yen on Tuesday, pulling up from a slide to seven-month lows the previous day, but the outlook remained clouded by worries of a China-led slowdown in global growth. Traders said a rise in U.S. stock index futures and ... More »
BEIJING Boeing Co (BA.N) on Tuesday raised its forecast for China’s aircraft demand over the next 20 years despite a slowing economy and a tumbling stock market that have triggered a worldwide slide in equity and commodity prices. The U.S. plane maker expects ... More »
FIFA have dismissed claims by Indonesia that they will visit Jakarta in October with a view to overturning the soccer ban on the Southeast Asian nation for government interference. Indonesian Youth and Sports Minister Imam Nahrawi said on Friday FIFA would sen... More »
SEOUL North and South Korea agreed early on Tuesday to end a military standoff that sparked an exchange of artillery fire and had ratcheted up tension on one of the world’s most heavily-fortified borders. Under an accord reached in the early hours, following m... More »
U.S. Republican presidential hopeful Jeb Bush said on Monday it was ludicrous to describe his use of the term “anchor babies” as offensive to immigrants, saying his original comments referred more to Asians coming to the United States to give birth. Bush’s rem... More »
SEOUL SK Hynix Inc, the world’s No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness. The firm, which compet... More »
TOKYO Japanese Finance Minister Taro Aso warned market players against pushing up the yen too much further, saying that its spike against the dollar overnight was “rough” and undesirable for the economy. Aso said that while there was no immediate plan for G20 ... More »
NEW YORK Wall Street’s selloff on Monday, sparked by a near-9 percent dive in Chinese shares, was a long-overdue correction that analysts said is unlikely to undermine support for U.S. stocks going forward. “We are unlikely to be going into a bear market,” sai... More »
TOKYO Tom Scott, a former U.S. executive at Toshiba Corp (6502.T), remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down. “He gave me goals tha... More »
NEW YORK/BOSTON With Chinese stocks down nearly 9 percent on Monday and Latin American countries already hurting, some top-performing emerging market fund managers are throwing in the towel when it comes to playing once-hot overseas growth stories. Instead, th... More »
NEW YORK DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure. “The U.S. stock market is in a mode of uncertainty, at best,” Gundlach said... More »
BlackRock Inc’s (BLK.N) chief investment officer of fundamental fixed income, Rick Rieder, believes the window for the U.S. Federal Reserve to raise interest rates is closing, he said in an interview on Monday. While Rieder hopes the Fed will still begin raisi... More »
Apple Inc’s Chief Executive Tim Cook took an unusual step of reassuring shareholders on Monday in comments to CNBC about the iPhone maker’s business in China ahead of a dramatic 13 percent drop and rebound in its stock that put it in positive territory. Chines... More »
AUSTIN, Texas The sweeping archives of award-winning novelist Kazuo Ishiguro will be heading to a University of Texas research library, including a discarded opening chapter for his best-known book, “The Remains of the Day,” the university said. The novelist, ... More »
COPENHAGEN European Tour journeyman Andreas Harto stole the show at the Made In Denmark event by proposing to his girlfriend during the tournament in Farso on Friday. The Dane celebrated sinking a five-foot birdie putt at the par-three 16th by going down on on... More »
SEOUL His father was afraid to fly, but North Korean leader Kim Jong Un has taken to the skies, building a series of small runways long enough to land light, private aircraft next to some of his palaces, satellite imagery shows. Construction on Kim’s personal ... More »
Comcast Corp’s NBCUniversal said on Tuesday it had invested $200 million in online publisher BuzzFeed, the latest move by the media conglomerate to tap into a younger audience. NBCUniversal invested $200 million last week in Vox Media, owner of tech-focused we... More »
SHANGHAI China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan trade... More »
News Corp (NWSA.O) reported a better-than-expected quarterly profit on Wednesday, helped by cost cuts in its news and information services business that includes Dow Jones and the Wall Street Journal. Shares of the company, controlled by Rupert Murdoch, rose a... More »
NEW YORK Stocks, the U.S. dollar, and emerging market currencies around the world remained under pressure for a second day on Wednesday after China’s yuan weakened again, a day after the country devalued its currency. Major Wall Street averages pared losses by... More »
NEW YORK The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies, on doubts over whether the U.S. Federal Reserve will raise interest rates in September given China’s devaluation of the yuan. The euro hit its highe... More »
LONDON British-Indian sculptor Anish Kapoor said on Wednesday he would take legal action based on copyright concerns after noting a close similarity between a huge stainless-steel, globe-like sculpture in China and his “Cloud Gate” sculpture in Chicago. The sc... More »
MUMBAI/ NEW DELHI The Indian government has filed a lawsuit against Swiss food firm Nestle’s Indian unit, seeking 6.4 billion rupees ($99 million) in damages on behalf of consumers after the country’s worst packaged food scare in a decade. Nestle, the first fo... More »
BEIJING China’s move to devalue its currency reflects a growing clamor within government circles for a weaker yuan to help struggling exporters, ensuring the central bank remains under pressure to drag it down further in the months ahead, sources said. The yua... More »
JAKARTA Indonesian President Joko Widodo put two experienced technocrats into economic management posts on Wednesday in a cabinet reshuffle designed to reassure investors worried about a policy drift that has allowed growth to slip to a six-year low. Widodo’s ... More »
HONG KONG Police raided the Hong Kong offices of taxi-hailing service Uber Inc on Tuesday and arrested five drivers for the “illegal use of vehicles for hire”, police said. A Hong Kong police senior inspector, Bruce Hung, said undercover police officers had us... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
JAKARTA Indonesia’s chief economic minister, Sofyan Djalil, said on Wednesday he will leave that post and take over the national planning ministry. “I have been moved to the national planning ministry,” the 61-year old told reporters at the presidential palace... More »
MUMBAI The Indian government has filed a class action suit for 6.4 billion rupees ($99 million) against Nestle’s Indian unit on behalf of the country’s consumers, citing unfair trade practices and the sale of defective goods. Nestle is the first foreign firm t... More »
KUALA LUMPUR A Malaysian opposition party on Wednesday filed a civil suit against Prime Minister Najib Razak and indebted state fund 1Malaysia Development Berhad (1MDB), saying they had violated electoral rules and a new election should be held. 1MDB, whose ad... More »
YANGON Myanmar was evacuating parts of a city on Wednesday after mudslides wiped away hundreds of houses and torrential rain threatened further damage in the worst floods to hit the country in decades. The government in Hakha, the capital of impoverished Chin ... More »
BEIJING Growth in China’s factory output, investment and retail sales were all weaker than expected in July, adding pressure on Beijing to roll out more measures to prevent a deeper slowdown, days after it shocked markets by devaluing its currency. While the c... More »
BEIJING China’s real estate investment growth continued to slow in the first seven months of 2015 due to weak new construction, but property sales and housing investment improved, indicating a mixed recovery in the struggling property market. Property investme... More »
TOKYO Seventy years after Japan’s defeat in World War Two, the conflict’s legacy haunts East Asia and reconciliation remains elusive. Prime Minister Shinzo Abe may hope to lay the ghosts to rest with a statement on Friday marking the 70th anniversary of the wa... More »
BEIJING “Tragedy” – that was Alibaba Group Holding Ltd (BABA.N) founder Jack Ma’s prediction for the fate of rival JD.com Inc (JD.O) in comments published earlier this year. On Monday, Alibaba signaled it is no longer writing off its smaller competitor, making... More »
SAN FRANCISCO/MUMBAI, August 12 Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook... More »
BEIJING Government spending in China jumped by nearly a quarter in July to a three-month high as authorities accelerated spending on state projects and hiked wages of civil servants as planned, data showed on Wednesday. Beijing hopes faster government spending... More »
TORONTO Serena Williams shook off some hard-court rust before rolling to a 2-6 6-3 6-0 win over Italy’s Flavia Pennetta at the Rogers Cup on Tuesday, but the home crowd failed to fire up local favorite Eugenie Bouchard, who slumped to another first round exit.... More »
WASHINGTON Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States. “They’re just destroying us,” the billionaire businessman, a long-time critic of China’s currency policy, sa... More »
SEOUL South Korea’s Chung Mong-joon will formally launch his bid to become president of world soccer’s scandal-hit governing body FIFA on Aug. 17 in France, the home of rival Michel Platini. Chung, a former FIFA vice president and fierce critic of outgoing pre... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. The deal, the biggest U.S. leveraged buyout ... More »
NEW YORK A U.S. criminal investigation into allegations that China’s ZTE Corp for sold banned U.S. computer products to Iran has spilled into a civil dispute with a New York-based patent licensing firm, as ZTE has refused to make one of its top executives avai... More »
USA Track & Field (USATF) on Tuesday released a detailed breakdown of how it spends its money in response to an allegation made by runner Nick Symmonds that the body spends a tiny proportion of its income on athlete support. Symmonds, who won the 800 meters at... More »
NEW YORK/BOSTON The slowdown in the Chinese economy, which prompted the Chinese government to devalue the yuan currency on Tuesday, has already hammered the shares of U.S. industrial companies. Yet some contrarian U.S. fund managers say there is still room to ... More »
MUMBAI India will seek damages of 6.39 billion rupees ($99.3 million) from Swiss group Nestle after a food scare involving reports of excess lead in the firm’s popular Maggi noodles forced a nationwide recall, a government official said on Tuesday. Nestle, whi... More »
Australia’s Macquarie Group (MQG.AX) is entering the U.S exchange-traded fund market making business, officials told Reuters in an interview. Market makers provide ETF issuers with an array of services, including providing seed capital and distribution. They u... More »
China’s massive foreign currency reserves are dwindling at a more than half-trillion-dollar annual pace, a trend which may tighten global credit conditions. China’s central bank said its reserves fell by $43 billion in July to $3.65 trillion, in the first ever... More »
TOKYO Major U.S. proxy advisory firms are split over a proposal linked to activist investor Yoshiaki Murakami to shake up the board of Japanese mid-sized electronics parts maker and trader Kuroda Electric, leading to uncertainty over the move’s outcome. C&I Ho... More »
MOSCOW A pair of Russian cosmonauts began their working week on Monday by cleaning the windows of the International Space Station (ISS), floating 250 miles (400 km) above the Earth’s surface. Station commander Gennady Padalka and flight engineer Mikhail Kornie... More »
LOS ANGELES (Variety.com) – Scathing reviews and an indiscreet tweet left “Fantastic Four” on the slab after the franchise reboot flopped at the weekend box office. Fox’s hopes of rejuvenating the comicbook characters and turning the super-team into a cinemati... More »
GENEVA The remains of two young Japanese climbers missing on the Matterhorn mountain since a 1970 snow storm in the Swiss Alps have been identified through DNA testing of their relatives, police said on Thursday. Human bones spotted by a climber last September... More »
LONDON/SYDNEY Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy. July was a fraught month for... More »
FRANKFURT/HELSINKI German carmakers BMW (BMWG.DE), Audi (VOWG_p.DE) and Mercedes (DAIGn.DE), will pay around 2.5 billion euros ($2.75 billion) to buy Nokia’s maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW a... More »
SYDNEY Barnacles encrusted on a piece of plane debris that washed up on the French island of Reunion might help unravel the mystery of missing Malaysia Airlines (MLYAF.PK) flight MH370 that disappeared last year with 239 passengers and crew on board. Malaysia ... More »
KUALA LUMPUR The head of world athletics vigorously defended the IAAF’s anti-doping record on Monday, as global sporting bodies called for a thorough probe of the latest allegations to plunge international sport into crisis. Britain’s Sunday Times newspaper an... More »
SEOUL North Korea released video footage on Monday of a Canadian pastor confessing before a Pyongyang church congregation that he had committed crimes against the state. Hyeon Soo Lim, of the 3,000-member Light Korean Presbyterian Church in Toronto, traveled t... More »
DOHA U.S. Secretary of State John Kerry began talks with Gulf states in Qatar on Monday, seeking to convince them of the merits of last month’s nuclear deal with Iran and to discuss the battle against Islamic State militants and the war in Syria. Most Gulf Ara... More »
HONG KONG HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. It said it had agreed to sell Banco Brade... More »
KUALA LUMPUR FIFA President Sepp Blatter was relieved of his International Olympic Committee ex officio membership on Monday, seven months before he will be replaced as the head of soccer’s governing body, IOC President Thomas Bach said on Monday. Blatter woul... More »
KUALA LUMPUR As the candidates hoping to succeed FIFA’s outgoing president Sepp Blatter continue to lobby for support, the political kingmaker who could have a big influence on who gets the job says world soccer has more to worry about than picking its next bo... More »
LONDON The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. U.S. short-dated yields fell and the dollar was sold on Friday... More »
YANGON A death toll of 27 from flooding across Myanmar was expected to rise as rescue workers struggled on Monday to reach some of the hardest-hit and most remote inundated areas, officials said. More than 150,000 people have been affected by severe flooding a... More »
KUALA LUMPUR The head of world athletics said on Monday that any suggestion his organization had been negligent in drug testing of athletes was “laughable”. “There are allegations made, no evidence,” IAAF president Lamine Diack told Reuters in the Malaysian ca... More »
SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »
LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »
SAO PAULO HSBC Holdings Plc (HSBA.L) agreed to sell its Brazilian unit to Banco Bradesco SA (BBDC4.SA) for $5.2 billion, retreating from the second-largest emerging market economy after years of disappointing performance. Europe’s No. 1 bank said in a statemen... More »
HONG KONG/TOKYO An index of Asian shares outside Japan fell close to this year’s lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. In li... More »
SEOUL South Korea’s Park In-bee had once hoped to win all the top tournaments in women’s golf before her career came to an end. After winning the British Open on Sunday, the 27-year-old now finds herself searching for new goals. Park’s three-shot win over comp... More »
TAIPEI Protests in Taiwan over textbook revisions which students say aim to brainwash them into accepting a “one China” view of history underscore the island’s growing sense of independence from its vast neighbor and geopolitical foe. Hundreds of youths storme... More »
LOS ANGELES (Variety.com) – Tom Cruise’s “Mission: Impossible — Rogue Nation” dominated the U.S. box office this weekend with an impressive $56 million at 3,956 locations. The Paramount/Skydance tentpole generated $20.3 million at the Friday box office, settin... More »
KUALA LUMPUR Olympic chiefs must pump more content to mobile devices, and extend the allure of the Games outside its 17-day window to stay relevant to young people, marketing guru Martin Sorrell said on Sunday. “You need to evolve to new consumption behaviors ... More »
MUMBAI An Indian court has concluded hearing a case filed by Nestle India challenging a local regulator’s report that Maggi instant noodles contained excess lead, a lawyer for the company said. The Bombay High Court will give a judgment at a later date, Rajesh... More »
TOKYO The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker’s $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst & Young ShinNihon ... More »
TOKYO Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30,... More »
NEW YORK Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Fr... More »
NEW YORK Dish Network Corp said on Friday that Comcast Corp’s broadcast television network NBC is not airing ads promoting its Sling TV video streaming service in some markets. While NBC, part of Comcast’s NBCUniversal film and TV unit, has banned Sling TV ads... More »
LONDON U.S. equities’ share in global portfolios fell to the lowest in at least five years and U.S. bond allocations were also cut as nervous investors started readying themselves for the first Federal Reserve rate rise in almost a decade. But while U.S. asset... More »
WASHINGTON They look alike, act alike and long have been considered to be the same species. But, in the case of the golden jackals found across parts of Africa, the Middle East, Asia and Europe, it turns out that appearances can be deceiving. Scientists said o... More »
WASHINGTON Earth’s magnetic field has been a life preserver, protecting against relentless solar winds, streams of charged particles rushing from the Sun, that otherwise could strip away the planet’s atmosphere and water. “It would be a pretty barren planet wi... More »
NEW YORK Global equity markets dropped on Friday and copper fell to a six-year low as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Brent and U.S. crude oil futures settled at their lowest since March ... More »
LONDON/NEW YORK The global economy started the second half of the year on shaky ground with China’s factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although U.S. activity picked up.... More »
TOKYO Toshiba Corp’s (6502.T) chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country’s biggest accounting scandal in years. Tanaka will be temporarily replaced by Chairman Masashi Muromachi after ... More »
SHANGHAI Officials from the world’s largest emerging nations launched the New Development Bank (NDB) on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank... More »
LONDON Gold was on the brink of five year lows on Tuesday, with more losses expected in the coming months following Monday’s “bear raid” when sellers dumped an estimated 33 tonnes in just two minutes. The sudden bout of selling in Shanghai and New York occurre... More »
BANGKOK/HONG KONG U.S. fund giant BlackRock Inc (BLK.N) has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world’s largest money manager to expand in the... More »
SYDNEY A visibly shaken Mick Fanning arrived home in Australia on Tuesday saying he would not turn his back on surfing despite needing a “miracle” to survive a shark attack off the coast of South Africa at the weekend. The three-times world champion was paddli... More »
