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Global shares, oil drop after Trump tariff threat

SHANGHAI (Reuters) – Global financial markets reeled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal in the midst of negotiations, saying he would hike U.S. tariffs on Chinese goods this week. Equity m... More »

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Singtel signs deal to expand mobile wallet alliance to Japan

SINGAPORE (Reuters) – Singapore Telecommunications Ltd said on Monday it has signed a partnership to enable the use of its cross-border mobile wallet platform in Japan, as the telecom operator moves ahead with its digital payments expansion. The partnership wi... More »

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Malaysia to summon two Goldman Sachs units ahead of 1MDB case

KUALA LUMPUR (Reuters) – Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year. Soon after bein... More »

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Asia shares, bonds count on Fed to be accommodative

SYDNEY (Reuters) – Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week. Japan’s Nikkei .N225 advanced 0.59 percent, and MSCI’s broa... More »

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Wealthy millennials boosting the art market

ZURICH (Reuters) – The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday. A survey of wealthy individuals conducted by UBS and art economist ... More »

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Stocks rally as U.S., China inch closer to trade deal

SYDNEY (Reuters) – Asian shares started the week on the front foot on signs the United States and China were close to striking a tariff deal to end their protracted trade war while the dollar eased as traders wagered Federal Reserve policy would remain accommo... More »

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Singapore police raid Wirecard office following FT reports

FRANKFURT/SINGAPORE (Reuters) – Singapore police raided the premises of German payments company Wirecard in the city state on Friday following a series of investigative reports in the Financial Times alleging fraud and creative accounting. The raid intensified... More »

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China trade shock hits global stocks, commodities

LONDON (Reuters) – Global stock markets and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world’s second-largest economy and sparked fears of a sharper slowdown in global growth. Data from China ... More »

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Grab ordered to pay compensation to Vietnamese taxi firm

HANOI (Reuters) – A Vietnamese court on Friday ordered ride-hailing firm Grab to pay 4.8 billion dong ($206,985) in compensation to a local taxi operator, ending an 18-month-long legal battle between the two firms, a Grab spokesman and state media reports said... More »

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Stock selloff snowballs on fresh fears for world growth

LONDON (Reuters) – Losses on global stocks snowballed on Monday, with European markets following Asian peers lower as fresh signs emerged of slowing growth worldwide and fears grew that simmering U.S.-China tensions would torpedo chances of a trade deal. Wall ... More »

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Grab invests $100 million in Indian hotel startup OYO: source

(Reuters) – Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. Both companies are backed by Japan’s SoftBank Group Corp (9984.T). The investme... More »

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New ultralight material offers many uses for plastic waste,…

SINGAPORE (Reuters) – Researchers in Singapore are seeking a patent for a new sound-proof and heat-resistant material made from recycled plastic bottles they say could help reduce plastic waste dumped in oceans and clogging landfills. The National University o... More »

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Former Goldman Sachs banker in 1MDB plea talks with U.S.: WSJ

SINGAPORE (Reuters) – A former Goldman Sachs Group Inc. (GS.N) banker is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state investment fund, the Wal... More »

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Grab launches grocery delivery service in race for growth

SINGAPORE (Reuters) – Grab unveiled a grocery delivery service on Tuesday, betting the firm’s extensive network of 7.1 million drivers, agents and merchants will help steer the company as it expands beyond its core ride-hailing business across Southeast Asia. ... More »

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SocGen targets German growth with Commerzbank funds deal

PARIS (Reuters) – Societe Generale (SOGN.PA) will buy Commerzbank’s (CBKG.DE) derivatives and asset management businesses in a move the French bank said will boost its Lyxor funds division and raise its profile in Germany, the euro zone’s biggest economy. Stil... More »

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China drags on Asia shares, politics on euro and peso

SYDNEY (Reuters) – A renewed slide in Chinese shares and a sobering set of factory surveys sucked Asian markets lower on Monday, while the euro and the Mexican peso were both jolted by political developments at home. E-Mini futures for the S&P 500 ESc1 followe... More »

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European firm Arianespace to miss 2018 satellite launch target

SINGAPORE (Reuters) – Arianespace expects its satellite launches in 2018 to fall short of a record target, hobbled partly by a data glitch that sent a rocket off course earlier this year, the chief executive of the European company told Reuters on Wednesday. T... More »

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Singapore designates special zone for Trump-Kim summit

SINGAPORE (Reuters) – Singapore has designated a central region of the wealthy city state as a “special event area” from June 10 to 14 for a planned summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, the government said on Monday. ... More »

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Tesla’s Musk laments Singapore electric vehicle stance

SINGAPORE (Reuters) – Elon Musk, chief executive of U.S. electric vehicle (EV) maker Tesla Inc, defended his view that Singapore was not supportive of EV ownership after a commentary in the city-state’s biggest newspaper criticized the billionaire’s social med... More »

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Global airlines slash profit outlook as fuel costs jump

SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Transport Ass... More »

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Top aide to North Korean leader lands in Singapore as summit…

TOKYO/SEOUL (Reuters) – A top aide to North Korean leader Kim Jong Un arrived in Singapore on Monday night, Japanese public broadcaster NHK said on Tuesday, the latest indication that the on-again-off-again summit with U.S. President Donald Trump may go ahead.... More »

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Shares fall on Italian turmoil, euro near 6-1/2 month lows

SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro hovered near 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment. MSCI’s broadest... More »

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Grab to partner with Maybank for mobile wallet in Malaysia

SINGAPORE (Reuters) – Ride-hailing firm Grab will partner with Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, to drive the usage and adoption of its GrabPay mobile wallet, the companies said in a statement on Monday. Grab, which received its e-money l... More »

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Asia stocks pull back after soft China data- oil higher

TOKYO (Reuters) – Asian stocks pulled back on Tuesday, brushing off a firmer lead from Wall Street, as investors turned cautious after soft Chinese economic data and awaited fresh developments on U.S.-China trade talks and North Korea. Crude oil prices held ne... More »

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Asia shares mostly higher, U.S. crude powers past $70

SYDNEY (Reuters) – Most Asia markets firmed on Monday after a tame reading on U.S. wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline for an Iranian nuclear deal lurked in the backgroun... More »

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Trump says date, place set for North Korea summit

WASHINGTON (Reuters) – President Donald Trump on Friday said the date and location have been set for a meeting with North Korean leader Kim Jong Un, building suspense for the unprecedented talks, as South Korea said it would oppose a withdrawal of U.S. troops ... More »

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Asia stocks ease, dollar off highs before U.S. payrolls

SINGAPORE (Reuters) – Asian shares stepped back on Friday while the dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts. Investors were cautious after a l... More »

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Last man standing: lonely Fed tightening spurs dollar surge

LONDON (Reuters) – As speculation about interest rate rises and policy ‘normalization’ in the euro zone, Japan, Britain and China falls away rapidly, the U.S. Federal Reserve’s now lonely monetary tightening has suddenly supercharged the dollar. The revival of... More »

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World stocks set for positive April as big ticket M&As return

SYDNEY (Reuters) – World stocks are set to notch up a positive month for the first time since January, as a slew of positive earnings from U.S. technology firms and marquee M&A deals help soothe memories of February tremors. A seemingly successful Korean summi... More »

Asian stocks rise after U.S. tech shares bounce

SINGAPORE (Reuters) – Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a decade. MSCI’s broade... More »

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Stocks stumble as U.S. yields near the 3 percent barrier

LONDON (Reuters) – World stocks slipped on Monday ahead of a blizzard of earnings from the world’s biggest firms and as wary investors watched U.S. bond yields approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries U... More »

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Flatpack fear no more? Robot assembles IKEA chair frame

SINGAPORE (Reuters) – Robots in Singapore have completed a task many humans dread – assembling flat-packed IKEA furniture. Sifting through pages of instructions and a jumble of screws and bolts to build the low-cost Swedish furniture may soon be a thing of the... More »

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Singapore watchdog sets interim measures for Uber-Grab deal

SINGAPORE (Reuters) – Singapore’s competition watchdog on Friday outlined a set of interim measures for ride-hailing firms Grab and Uber Technologies to ensure an open market as it continued its investigation into their merger in the city-state. The Competitio... More »

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Stocks jump as Xi calms jitters over U.S.-China trade row

SINGAPORE (Reuters) – U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalating U.S.... More »

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Philippines competition watchdog says examining Uber-Grab deal

SINGAPORE (Reuters) – The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies [UBER.UL] to sell its Southeast Asia business to rival Grab will substantially reduce competition. “The Grab-Uber acquisition is li... More »

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Asia stocks start new quarter on front foot, dollar steady

TOKYO (Reuters) – Asian stocks began the new quarter on Monday with modest gains following a strong performance by global equities last week, while the dollar held steady ahead of key economic indicators. MSCI’s broadest index of Asia-Pacific shares outside Ja... More »

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Thailand wants to join CPTPP trade pact this year: deputy PM

BANGKOK (Reuters) – Thailand aims to seek membership in a landmark Asia-Pacific trade agreement this year, a deputy prime minister said on Thursday. The government has asked the commerce ministry to look into the details on how to join the 11-member Comprehens... More »

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Kang brushes off dental dilemma to bare teeth in Singapore

FILE PHOTO: Aug 19, 2017- West Des Moines, IA, USA- USA golfer Danielle Kang tees off on the 4th hole during the second round morning session during The Solheim Cup international golf tournament at Des Moines Golf and Country Club. Mandatory Credit: Brian Spur... More »

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Asian stocks tumble as Trump sparks global trade war fears

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China February 9, 2018. REUTERS/Aly Song TOKYO (Reuters) – Stock markets in Asia extended Wall Street’s overnight rout on Friday, with investors spooked by the spect... More »

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Musical ‘Evita’ kicks off Asian tour in Singapore

SINGAPORE (Reuters) – Forty years after opening in London’s West End, the musical“Evita”, about Argentina’s legendary first lady, Eva Peron, made its Asian debut in Singapore this month. Directed by Broadway’s Harold Prince and produced by Tim Rice and Andrew ... More »

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Asian shares extend global recovery as volatility subsides

TOKYO (Reuters) – Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs. MSCI’s broadest index of Asia-Pacif... More »

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Uber plans to sell Southeast Asia business to Grab: CNBC

FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in re... More »

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Stocks try a tentative bounce, bonds fret on U.S. inflation

A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian share markets found a semblance of calm on Monday as S&P futures extended their ... More »

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Indonesia’s Astra joins in fund raising for Go-Jek

A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta JAKARTA (Reuters) – Indonesian conglomerate Astra International said on Monday it will invest $150 million in Go-Jek, joining the likes of Alphabet Inc’... More »

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Stocks punished as inflation shadow spooks bonds

A man walks past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan February 5, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, ... More »

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UPS order for Boeing freighters highlights trade growth

A United Parcel Service (UPS) truck on delivery is pictured in downtown Los Angeles, California, U.S., October 29, 2014. REUTERS/Mike Blake/Files SINGAPORE (Reuters) – A recovery in international trade is reviving demand for aircraft once proudly linked to lon... More »

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Google says invests in Indonesian ride-hailing firm Go-Jek

A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta SINGAPORE (Reuters) – Google has invested in Indonesian ride-hailing firm Go-Jek, as part of its strategy to support and participate in the growth of In... More »

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Asia shares extend bull run, dollar crawls off lows

Asian shares extended their bull run on Monday amid upbeat corporate earnings and strong global economic growth, while the dollar tried to bounce even as the White House continued to complain of "unfair" trade practices by competitors. More »

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Noble Group nets less than expected from oil unit sale to Vitol

FILE PHOTO: The reception of Noble Group is seen at its headquarters in Hong Kong March 23, 2015. REUTERS/Bobby Yip/File Photo LONDON (Reuters) – Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world’s l... More »

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Euro hits three-year high as Europe leads global optimism

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, January 10, 2018. REUTERS/Staff/Remote LONDON (Reuters) – The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter polic... More »

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Asian shares step back from 2007 peak, oil at three-year high

Men exchange greetings in front of an electronic board displaying the Nikkei average outside a brokerage in Tokyo, Japan January 4, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Asian shares flinched from testing their 2007 record peak on Wednesday, as invest... More »

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Catalan vote dents euro, upbeat U.S. data lifts stocks

FILE PHOTO: People walk past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 22, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – The euro dipped on Friday after Catalan separatists wanting to break away from Spain won a... More »

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Singapore researchers’ underwater robot inspired by manta ray

NUS Department of Mechanical Engineering researcher Chew Chee Meng showcases their aquatic robot manta ray “Mantadroid” at their faculty premises in Singapore November 27, 2017. REUTERS/Edgar Su SINGAPORE (Reuters) – Researchers in Singapore have built an unde... More »

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Dollar gains on U.S. tax cut progress- Brexit deal eyed

A woman walks in strong wind caused by Typhoon Lan, past an electronic board showing the graphs of the recent movements of Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 23, 2017. REUTERS/Issei Kato SYDNEY (Reuters) – The U.S. dollar bounc... More »

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Euro holds line at $1.19 as investment prospects brighten

The German Central Bank (Bundesbank) presents the 50 euro banknote at its headquarters in Frankfurt, Germany, March 16, 2017. REUTERS/Kai Pfaffenbach LONDON (Reuters) – The euro edged higher for a third consecutive day on Friday as investment flows propped up ... More »

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Oil prices rise after OPEC extends output curbs

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian Hartmann LONDON (Reuters) – Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end... More »

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Abominable news: Purported yeti evidence came from bears, dog

FILE PHOTO: An actor dressed as a ‘Yeti’ waves from a tour bus during a promotional event for Travel Channel’s “Expedition Unknown: Hunt for the Yeti” in Manhattan, New York City, U.S. on October 4, 2016. REUTERS/Brendan McDermid/File Photo WASHINGTON (Reuters... More »

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Uzbekistan opens the door, a crack

FILE PHOTO: Uzbekistani Som banknotes are seen in this picture illustration taken May 4, 2017. REUTERS/Mukhammadsharif Mamatkulov/Illustration/File Photo TASHKENT/ALMATY (Reuters) – Sensing change in his native Uzbekistan, Hikmat Abdurahmonov plans to build a ... More »

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Asian shares off 10-year peak, China hits three-month low

Passersby are reflected in an electronic stock quotation board outside a brokerage in Tokyo, Japan, October 23, 2017. REUTERS/Issei Kato TOKYO (Reuters) – Asian shares hovered below their 10-year peak on Friday while mainland Chinese shares dropped to three-mo... More »

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Asia stocks wilt, German coalition impasse hits euro

People walk past an electronic board showing exchange rate between Japanese Yen and U.S. Dollar outside a brokerage at a business district in Tokyo, Japan August 9, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Asian shares pulled back on Monday with investor... More »