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Stocks slip as new U.S.-China tariffs add to growth risks

TOKYO (Reuters) – Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth, with no clear end in sight for the trade war. The E-mini futures for U.... More »

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Yen rises, yuan pares losses as Sino-U.S. tariffs kick in

TOKYO (Reuters) – The yen strengthened on Monday, thanks to bigger appetites for safe-haven assets as Washington and Beijing put additional tariffs on each other’s exports, adding to the gloom hanging over the global economic outlook. The United States slapped... More »

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Asian factories lashed by trade wars, slowing demand in August

TOKYO (Reuters) – The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks. In a sur... More »

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Japan’s Abe says he plans to meet with Putin in Russia this week

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Monday he planned to meet with Russian President Vladimir Putin this week when he attends the Eastern Economic Forum to be held in Vladivostok Sept 4-6. Abe said he wanted to make progress towards ta... More »

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Serena mentor on coaching at 2018 final: ‘I’d do it again’

NEW YORK (Reuters) – Patrick Mouratoglou, whose courtside coaching of Serena Williams in last year’s dramatic U.S. Open final triggered heated debate, said on Sunday he would not change a thing about his actions. Beaten finalist Williams was given a warning fo... More »

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Osaka, Nadal headline Day Eight at U.S. Open

NEW YORK (Reuters) – Defending champion Naomi Osaka will seek a spot in the U.S. Open quarter-finals when she returns to the court on Monday while second seed Rafa Nadal faces former winner Marin Cilic in last 16 action. Osaka, who brought 15-year-old American... More »

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LatAm delivery app Rappi plans to double footprint by year-end

MEXICO CITY (Reuters) – Latin American delivery app Rappi plans to almost double the number of cities it operates in by year’s end, its co-founder said on Friday, following a $1 billion injection from Japan’s SoftBank that signals growing foreign interest in t... More »

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BAML: Buy risky assets as sentiment gets extremely bearish

LONDON (Reuters) – Bank of America Merrill Lynch said on Friday its market sentiment indicator has fallen to a level so bearish it has triggered a “contrarian” buy signal for assets considered more risky, such as equities, for the first time since January. The... More »

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Idaho artifacts show human presence in Americas 16,600 years ago

WASHINGTON (Reuters) – Artifacts including stone tools and animal bone fragments found in Idaho dating back about 16,600 years represent what may be the oldest evidence of humans in the Americas and offer insight into the routes people took as they spread into... More »

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Can power napping solve electric car charging challenge?

STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »

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Asia stocks, bond yields rise on hopes of easing trade war tension

TOKYO (Reuters) – Asian stocks rose in step with their global peers on Tuesday while safe-haven bonds retreated, after U.S. President Donald Trump softened his tone against China and predicted the two countries would be able to reach a trade deal. In early Eur... More »

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Osaka, Nadal, Coco open campaigns on day two of U.S. Open

NEW YORK (Reuters) – World number one Naomi Osaka begins her U.S. Open title defense on day two of the championships on Tuesday but there is likely to be as much interest in Cori “Coco” Gauff’s main draw debut at Flushing Meadows. In the men’s draw, three-time... More »

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No consensus on inviting Russia to G7 next year: Macron

BIARRITZ, France (Reuters) – French President Emmanuel Macron said on Monday G7 leaders had not reached a consensus on inviting Russia to next year’s G7 summit in the United States. Macron added that he and German Chancellor Angela Merkel would organize a summ... More »

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Nishikori already has sights set on 2020 Tokyo Olympics

(Reuters) – There are still four Grand Slam events that will be contested before medals can be won at the Tokyo Olympics but as far as Kei Nishikori is concerned, all roads from now on lead to one destination. “For me it (the Olympics) will be the biggest even... More »

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More plant protein tied to longer life

(Reuters Health) – People who eat more plant-based protein may live longer than those who get more protein from meat, a Japanese study suggests. Researchers followed almost 71,000 middle-aged Japanese adults for an average of almost two decades. Compared to pe... More »

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Stimulus hopes support stocks, ease pressure on bonds

LONDON (Reuters) – Global equity markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold. Hopes of government ... More »

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Japanese, South Korean foreign ministers to meet in Beijing on…

TOKYO (Reuters) – Japan’s foreign minister Taro Kono will meet his South Korean counterpart, Kang Kyung-wha, in Beijing on Wednesday, a Japanese foreign ministry official said on Monday, amid deteriorating relations between the two East Asian countries. The ta... More »

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Japan’s exports slip for eighth month, sales to China drop as…

TOKYO (Reuters) – Japan’s exports slipped for an eighth month in July, while manufacturers’ confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade war could tip the economy into re... More »

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Box office: ‘Good Boys’ leads crowded weekend with $21 million

LOS ANGELES, (Variety.com) – The Bean Bag Boys, the self-appointed nickname for the trio of best friends in Universal’s “Good Boys,” are conquering much more than sixth grade. They are also leading the domestic box office, exceeding expectations and collecting... More »

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E.coli in water forces Tokyo to cancel swimming at Paratriathlon…

TOKYO (Reuters) – High levels of E.coli bacteria forced Tokyo officials to cancel the swimming segment of Saturday’s Paratriathlon World Cup, raising concerns about next year’s Summer Olympic and Paralympic Games. Water quality tests at Odaiba Marine Park foun... More »

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Japanese researchers build robotic tail to keep elderly upright

TOKYO (Reuters) – Millions of years after the ancestors of humans evolved to lose their tails, a research team at Japan’s Keio University have built a robotic one they say could help unsteady elderly people keep their balance. Dubbed Arque, the grey one-meter ... More »

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South Korea to drop Japan from its fast-track trade ‘white list’

SEOUL (Reuters) – South Korea said on Monday it plans to drop Japan from its “white list” of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries. The tighter trade regulat... More »

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Asian shares turn lower on Sino-U.S. trade, recession worries

SHANGHAI (Reuters) – Worries that a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession weighed on Asian equities on Monday, offsetting a welcome a lift from Chinese shares and a stronger-than-expected daily fixing for the yuan.... More »

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Gymnastics: Biles soars to sixth title at national championships

(Reuters) – American Simone Biles reasserted her position as the world’s unrivaled number one gymnast with an amazing winning performance at the U.S. Gymnastics Championships in Kansas City, Mo., on Sunday. Biles became the first woman in nearly 70 years to ca... More »

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Yen buoyed by China jitters- sterling under water

SYDNEY (Reuters) – The dollar remained on the defensive against the safe-haven yen on Monday as the Sino-U.S. trade dispute looked set to drag on with no settlement in sight, while holidays in Japan and Singapore made for very thin trading. Confusion still lin... More »

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Take Five: The devil’s in the data

LONDON (Reuters) – 1/ READY FOR A SCARY EURO ZONE GDP SHOW? Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June and reports due over the coming week that will hold those concerns up to t... More »

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Automakers warm up to friendly hackers at cybersecurity conference

LAS VEGAS (Reuters) – At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. Those efforts at... More »

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Precious metal funds reap fourth biggest weekly inflows as…

LONDON (Reuters) – Precious metal funds recorded the fourth-largest inflows ever in the week to Wednesday and investment-grade funds sucked in money, Bank of America Merrill Lynch said on Friday, as rising trade tensions and global growth concerns prompted a d... More »

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Japan’s SoftBank chases more deals with Mexican startups

MEXICO CITY (Reuters) – Japan’s SoftBank Group Corp (9984.T) is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company’s interest in Mexico as ... More »

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Oh rats! Japan convenience store apologizes after viral rodent video

TOKYO (Reuters) – Japanese convenience store chain FamilyMart apologized after video went viral on social media of rats scurrying about one of its stores in Tokyo’s popular Shibuya district, prompting it to close the outlet until further notice. Video clips po... More »

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Surfs up as Peru claim three Pan Am golds

LIMA (Reuters) – Peru rode a wave of support from a raucous home crowd to win three Pan Am Games surfing gold medals on Sunday, carrying Daniella Rosas and Luca Mesinas all the way to the 2020 Tokyo Olympics. After getting the Games off to a dream start last S... More »

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U.S. Defense Secretary says he favors placing missiles in Asia

SYDNEY (Reuters) – U.S. Defense Secretary Mark Esper said on Saturday that he was in favor of placing ground-launched, intermediate-range missiles in Asia relatively soon, a day after the United States withdrew from a landmark arms control treaty. Esper’s comm... More »

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U.S. FDA approves Daiichi Sankyo’s treatment for rare joint tumor

(Reuters) – The U.S. Food and Drug Administration on Friday approved Daiichi Sankyo Co Ltd’s treatment for adult patients with a type of rare, non-cancerous tumor affecting joints and limbs. The label for the treatment, Turalio, includes a boxed warning flaggi... More »

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Global shares ease ahead of Fed test, dollar hits two-month high

LONDON (Reuters) – Global shares eased on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals yet more are t... More »

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Japan’s Abe unlikely to meet South Korea’s Moon at U.N. in…

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe is unlikely to meet South Korean President Moon Jae-in during the United Nations General Assembly in September, the Sankei newspaper said on Monday, the latest sign of strained ties between the key U.S. alli... More »

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Dollar near two-month top after U.S. GDP, pound hits 28-month low

TOKYO (Reuters) – The dollar clung to a two-month high against a basket of currencies in Asia on Monday after better-than-expected U.S. GDP data last week enhanced its yield attraction against rival currencies. The U.S. Federal Reserve is widely expected to cu... More »

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Grab to invest $2 billion in Indonesia using funds from SoftBank

JAKARTA (Reuters) – Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital received from Japan’s SoftBank Group Corp, which wants to increase its exposure to the region’s most populous marke... More »

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Investors pull $1.5 billion from India equities so far in July: IIF

NEW YORK (Reuters) – Non-residents have pulled about $1.5 billion from Indian equities so far in July, reversing a strong trend of inflows in previous months, data from the Institute of International Finance showed on Wednesday. “Unlike other episodes, which m... More »

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Reassuring Chinese data nudges shares higher

LONDON (Reuters) – Surprisingly upbeat economic soundings from China lifted the global markets mood on Monday, pushing world shares toward an 18-month high and steering the Aussie dollar and copper upwards. Investors were waiting for a torrent of second-quarte... More »

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BOJ warns of trade war impact on regional Japan, keeps assessment…

TOKYO (Reuters) – The Bank of Japan on Monday cut its assessment on factory output for two of the country’s nine regions and warned that more companies were feeling pinched by the U.S.-China trade war than three months ago. But the central bank maintained its ... More »

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South Korea’s Moon urges Japan to remove export curbs

SEOUL (Reuters) – South Korea’s President Moon Jae-in has urged Japan to withdraw export controls on high-tech materials bound for South Korea as a row over forced wartime labor threatened to disrupt global supplies of South Korean memory chips and smartphones... More »

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Asian shares stumble as bets off on sharp U.S. rate cuts

SYDNEY (Reuters) – Asian shares were a sea of red on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence. Share... More »

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BOJ Osaka branch head: External demand to rebound from soft patch

TOKYO (Reuters) – External demand is likely to rebound from its current soft patch in the latter half of this year, a senior Bank of Japan official overseeing the Kinki region in western Japan said on Monday. Domestic demand in the region, including capital ex... More »

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China tech giant Baidu partners with Geely, Toyota

(This July 4 story corrects to remove reference to self-driving push in headline) BEIJING (Reuters) – China’s top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan’s Toyota Motor Corp to cooperate on areas related to... More »

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Exclusive: U.S. clears SoftBank’s $2.25 billion investment in…

(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing... More »

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Japan to tighten tech material exports to South Korea in wartime…

TOKYO/SEOUL (Reuters) – Japan will tighten curbs on exports of high-tech materials used in smartphone displays and chips to South Korea amid a growing dispute over South Koreans forced to work for Japanese firms during World War Two, the industry ministry said... More »

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Stocks cheer trade reprieve, bonds reconsider rate cuts

LONDON/SYDNEY (Reuters) – Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks. The dollar firmed on the safe-haven ye... More »

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Semenya vows no world championships if she can’t run 800m

STANFORD, California (Reuters) – Olympic champion Caster Semenya said on Sunday she would not defend her world title in Doha next September if she could not run in the 800 meters because of new testosterone regulations imposed by the sport’s governing body. “I... More »

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From shrimp to fake eyelashes, social media sales soar in…

SATUN, Thailand (Reuters) – The son of a Thai fisherman, Anurak Saruethai never really took to life at sea. But seafood has been good to him. Hawking dried shrimp, squid and fish in nightly Facebook (FB.O) livestreams, Anurak, who is quick with a joke and adep... More »

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Factbox: Yulia Putintseva v Naomi Osaka

(Reuters) – A look at the records of Kazakhstan’s Yulia Putintseva and Japan’s Naomi Osaka before their first-round match at Wimbledon on Monday (prefix number denotes seeding): YULIA PUTINTSEVA Age: 24 WTA Ranking: 39 (Highest ranking: 27) Grand Slam titles: ... More »

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Japan to tighten export rules for high-tech materials to South…

TOKYO (Reuters) – Japan plans to tighten restrictions on the export of high-tech material used in smartphones and chips to South Korea from July 4 in connection with a dispute over a South Korean ruling on war-time forced labor, the Sankei newspaper reported o... More »

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Dollar struggles after biggest weekly drop in four months- G20 eyed

LONDON (Reuters) – The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit. The gr... More »

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Asia stocks climb pre-G20, oil up on U.S.-Iran feud

TOKYO/HONG KONG (Reuters) – Stock markets in Asia inched higher on Monday on hopes that U.S. and Chinese leaders will be able to get trade talks back on track this week, while oil prices bounced on political tensions between Tehran and Washington. European mar... More »

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Outlook uncertain for Japan’s whaling industry despite commercial…

MINAMIBOSO, Japan (Reuters) – When Yachiyo Ichihara was a child in Wada, one of Japan’s oldest whaling villages, she’d go down to the harbor with a bucket and carry it home full of freshly butchered whale meat. “It’s really delicious- that’s what I grew up eat... More »

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Explainer: What’s behind Japan’s support of whaling?

TOKYO (Reuters) – Japan has for decades been steadfastly defiant about hunting whales despite widespread anger, including from key allies like the United States. After roughly 30 years of what it has called scientific research whaling, which saw several hundre... More »

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Raw, fried or on a bun: the many ways Japan eats whale

MINAMIBOSO, Japan (Reuters) – Whale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale jerky feature on the menu at the restaurant Yoko Ichihara runs – and that’s just a small sample of the ways Japan eats whale. Though Japan’s governme... More »

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Box Office: ‘Toy Story 4’ dominates with $118 million debut

LOS ANGELES (Variety.com) – Disney’s domination over the box office only seemed to strengthen this weekend as “Toy Story 4” easily topped box office charts. The fourth entry in Pixar’s animated series collected $118 million in ticket sales when it debuted in 4... More »

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India’s space startups ignite investor interest

MUMBAI (Reuters) – From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in India, catching the attention of investors keen to join the space r... More »

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Velodyne Lidar hires bankers for an IPO: Business Insider

(Reuters) – Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process. The San Jose, California-based company is working with Bank of A... More »

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Roche wins Japan approval for personalized cancer drug Rozlytrek

ZURICH (Reuters) – Swiss drugmaker Roche on Tuesday won approval in Japan for Rozlytrek as the world’s biggest maker of cancer drugs pushes ahead in personalized medicines that require a biomarker test to identify prospective patients. Roche said Japan is the ... More »

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Kuroda says BOJ will debate rising overseas economic risks this week

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said the central bank will “certainly” debate heightening overseas risks at a rate review this week, underscoring concerns among policymakers about the economic fallout of a U.S.-China trade war. The tra... More »

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Collective Health secures $205 million in funding led by SoftBank…

(Reuters) – Collective Health, which makes software for companies to pay workers’ health costs directly, said on Monday it had raised $205 million in new funding led by SoftBank Group Corp’s Vision Fund. The San Francisco, California-based company said it woul... More »

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Russia uncovers 40,000 year-old wolf head, preserved in ice

MOSCOW (Reuters) – About 40,000 years ago, a wolf died in what we know as Siberia. Now its severed head has been found, and because of the freezing conditions, it is so well preserved that its fur, teeth, brain and facial tissue are largely intact. A Yakutia r... More »

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Hedge fund Third Point calls on Sony to spin off semiconductor unit

(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. T... More »

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Safe havens emerge in China, South Asia as recession risks grow

HONG KONG/SYDNEY (Reuters) – Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold. But in Asia, investors are exploring new sanctuaries, from C... More »

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Fowl ref! Scotland bring out the rubber chickens at World Cup

(Reuters) – Scotland’s hopes of reaching the last 16 at their maiden women’s World Cup were dented by defeat to England in their opener but they have responded by bringing out their secret weapon for their next game against Japan – rubber chickens. Footage pos... More »