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U.S. stock funds lose $2.6 billion in week: Lipper

(Reuters) – U.S. equity funds saw outflows of $2.6 billion in the latest week, according to Lipper. U.S.-based taxable bond funds attracted $7.9 billion in the week ended on Wednesday, the seventh straight weekly inflow, and money market funds gained $6.3 bill... More »

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Take Five: In sickness and in health

(Reuters) – 1/CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause, for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. But while investors are focused on containment, the world’s second-bigge... More »

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‘United by Emotion’ chosen as Tokyo 2020 motto

TOKYO (Reuters) – ‘United by Emotion’ was revealed as the motto for the Tokyo 2020 Olympics and Paralympics on Monday as organizers look to hammer home the message of diversity and inclusion. Tennis player Naomi Osaka, who was born in Japan to a Haitian father... More »

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Upstart Neon wins top Oscars prize, Netflix falls short again

LOS ANGELES (Reuters) – Three-year-old independent film distributor Neon upstaged the traditional Hollywood studios and streaming giant Netflix Inc on Sunday to grab the coveted best picture Oscar for South Korean have-and-have-nots tale “Parasite.” The movie ... More »

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Toyota uses big data to guard against accelerator-brake mix-up

TOKYO (Reuters) – Toyota Motor Corp unveiled an emergency safety system on Monday that uses big data to ignore the accelerator if it determines the driver steps on the pedal unintentionally. Japan’s biggest car maker will roll out what it calls an “accelerator... More »

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WeWork names real estate industry veteran Mathrani as CEO

(Reuters) – Softbank (9984.T)-backed office sharing firm WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive on Saturday. Mathrani will join the company as the CEO from Feb. 18, 2020 and will report to Marcelo Claure, who will... More »

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Highlights: Day eight at the Australian Open

MELBOURNE (Reuters) – Highlights of the eighth day at the Australian Open, the first Grand Slam tournament of the year, on Monday (times AEDT- GMT+11): 1633 MUGURUZA MARCHES INTO LAST EIGHT Unseeded Spaniard Garbine Muguruza continued her charge toward a third... More »

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China allots nearly $9 billion to contain spread of virus

SHANGHAI (Reuters) – China’s finance ministry and National Health Commission have extended 60.33 billion yuan ($8.74 billion) to help contain a spreading virus, according to a statement on the ministry’s website. The death toll from the coronavirus outbreak ro... More »

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Tokyo 2020 to power Olympic torch with hydrogen for first time

TOKYO (Reuters) – Hydrogen will be used for the first time to power the Olympic torch during its journey through Japan, organizers said on Monday, as part of Tokyo 2020’s efforts to hold an environmentally friendly Games. Organizers aim to offset all carbon em... More »

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Box Office: ‘Bad Boys for Life’ Rules Over ‘The Gentlemen’

LOS ANGELES, (Variety.com) – STX’s “The Gentlemen” proved no match for Sony’s “Bad Boys for Life,” which again left box office competitors in the dust after collecting $34 million in its sophomore outing. Those ticket sales, pushing the Will Smith and Martin L... More »

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Gymnastics: Miller keen to see Biles eclipse her in Tokyo

NEW DELHI (Reuters) – Shannon Miller thinks her time as the United States’ most decorated Olympic gymnast will come to an end this summer and the 42-year-old will be in Tokyo cheering on Simone Biles as she bids to supplant her. Biles bagged five medals, inclu... More »

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Osaka fires back at social media troll after Melbourne win

MELBOURNE (Reuters) – Defending champion Naomi Osaka fired back at a social media user who jeered her arrival on court before her 6-2 6-4 victory over Czech Republic’s Marie Bouzkova in the Australian Open first round on Monday. The 22-year-old from Japan next... More »

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Factbox: New coronavirus outbreak in Chinese city of Wuhan

BEIJING (Reuters) – Chinese authorities and the World Health Organization (WHO) say a new strain of coronavirus is behind the outbreak of pneumonia in the central city of Wuhan, which has erupted just ahead of the Lunar New Year, the country’s biggest festival... More »

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New coronavirus outbreak in Chinese city of Wuhan

BEIJING (Reuters) – Chinese authorities and the World Health Organization (WHO) say a new strain of coronavirus is behind the outbreak of pneumonia in the central city of Wuhan, which has erupted just ahead of the Lunar New Year, the country’s biggest festival... More »

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China to step up countermeasures as virus outbreak grows

BEIJING (Reuters) – China will step up efforts to contain the coronavirus outbreak in Wuhan ahead of the Lunar New Year holidays as a rise in confirmed cases fanned fears the virus could spread to other countries. The National Health Commission said on Sunday ... More »

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China’s yuan leads rally ahead of U.S. trade deal

LONDON (Reuters) – China’s yuan led a rally in trade-sensitive currencies on Monday and the Australian dollar recovered some recent losses as the imminent signing of a preliminary U.S.-China trade deal boosted sentiment. The U.S.-China Phase 1 agreement, due t... More »

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Asian shares rebound as U.S. and Iran stand down, yen retreats

SINGAPORE (Reuters) – Asian stocks had their best session in weeks on Thursday, as the United States and Iran backed away from the brink of conflict in the Middle East and investors reversed their flight to safety. U.S. President Donald Trump responded to an I... More »

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Asian shares near 18-month high, bask in trade deal afterglow

SYDNEY (Reuters) – Asian markets idled near 18-month highs on Monday as trading volumes weakened ahead of the Christmas holiday break, with investors taking profit on gains made earlier this month. In early European trades, the pan-region Euro Stoxx 50 futures... More »

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Toshiba to extend tender offer period for NuFlare until Jan. 16

TOKYO (Reuters) – Toshiba Corp said on Monday it would extend the period of its tender offer for chip equipment unit NuFlare Technology Inc until Jan. 16. The extension of the offer, from the originally set Dec. 25, was requested by NuFlare to give its shareho... More »

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Eisai Inc announces U.S. approval for insomnia drug

(Reuters) – Japan-based drugmaker Eisai Co’s U.S. subsidiary announced on Sunday that it had received approval from the U.S. Food and Drug Administration for its insomnia treatment in adult patients. The agency approved the drug, Dayvigo, in doses of 5 mg and ... More »

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Asian shares jump on ‘phase one’ Sino-U.S. trade deal

SHANGHAI (Reuters) – Asian shares hit their highest in nearly eight months on Monday after the United States and China agreed on a preliminary trade deal, with Australian shares leading the way on expectations of more easing of monetary policy there. European ... More »

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Woods leads from front as U.S. wins Presidents Cup

MELBOURNE (Reuters) – United States captain Tiger Woods led from the front as the Americans dominated the Sunday singles to overhaul the Internationals at Royal Melbourne 16-14 and claim an eighth successive Presidents Cup. Woods clinched a record 27th win in ... More »

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Abe opens Tokyo 2020 National Stadium

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe hailed the completion of the National Stadium built for the Tokyo 2020 Olympics on Sunday, his speech at the Kengo Kuma-designed venue praising the efforts to finish on schedule after an early setback. The s... More »

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Osaka appoints Belgian Fissette as coach: Kyodo

TOKYO (Reuters) – Two-time grand slam winner Naomi Osaka has appointed Belgian Wim Fissette as coach, Kyodo news agency on Sunday quoted the Japanese player’s management as saying, as she gears up to defend her Australian Open title. Osaka has been without a c... More »

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Reed regains ‘Captain America’ cape at Royal Melbourne

MELBOURNE (Reuters) – Patrick Reed had dug himself a hole before arriving at the Presidents Cup, his two-stroke penalty for flinging some sand away with his wedge in a waste bunker stoking controversy and putting a big target on his back at Royal Melbourne. By... More »

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Take Five: What’s the deal?

LONDON (Reuters) – 1/AFTER PHASE ONE COMES PHASE TWO U.S. President Donald Trump and Chinese officials have agreed to a “phase one” trade deal that includes cutting U.S. tariffs on Chinese goods. Washington has agreed to suspend tariffs on $160 billion in Chin... More »

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Stocks rally on Chinese data boost, cautious trade optimism

LONDON (Reuters) – Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the jitters which emerged among investors last week. The recovery in Europe followed gains in Asia, where share pri... More »

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Asia shares find footing as mood swings on trade

SYDNEY (Reuters) – Asian shares staged a cautious rally on Monday as investors dared to hope for some progress in the endless Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. MSCI’s broadest ... More »