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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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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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Summer mood swings: markets turn higher on hopes of virus aid

LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as t... More »

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Strain on global manufacturing eases as euro zone returns to growth

LONDON/TOKYO (Reuters) – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the cor... More »

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Gold roars to record high, dollar dives again

LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »

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One in three South Korean COVID-19 patients improve with remdesivir

SEOUL (Reuters) – One in three South Korean patients seriously ill with COVID-19 showed an improvement in their condition after being given Gilead Sciences Inc’s antiviral remdesivir, health authorities said. More research was needed to determine if the improv... More »

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Late South Korea triathlete’s team mates detail abuse allegations

SEOUL (Reuters) – Former team mates of a South Korean triathlete found dead last month after alleging she had been abused by her coaching staff said on Monday athletes endured a living “hell” and were habitually beaten and verbally abused. Choi Suk-hyeon, a me... More »

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Global stocks shrug off fresh virus wave fears, dollar slips

LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »

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South Korea says Bolton’s memoir on Trump-Kim summit is distorted

SEOUL (Reuters) – Accounts by former U.S. National Security Adviser John Bolton of discussions between leaders of the United States and the two Koreas in his upcoming book are inaccurate and distorted, South Korea said on Monday. Bolton gives details in the bo... More »

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Golf: Im taking nothing for granted despite long Fedex Cup reign

(Reuters) – Im Sung-jae has enjoyed a longer run at the top of the Fedex Cup standings than many better-known players but the South Korean is taking nothing for granted as he plots his return to PGA Tour action in Texas this week. The hardworking world number ... More »

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South Korea’s BTS boyband management apologises over bar visit

SEOUL (Reuters) – The manager of South Korea’s popular boyband BTS has apologised on behalf of one of its members who went to a bar in April, contrary to government advice, just as the country is trying to contain a recent coronavirus outbreak around Seoul’s c... More »

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Asia shares rally as BOJ buys more bonds- U.S. crude skids

SYDNEY/HONG KONG (Reuters) – Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, but the recent weak run in the global oil price showed no signs of ending. MSCI’s broad... More »

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China seeks fast-track travel arrangements with some countries

BEIJING (Reuters) – China is in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains, the foreign ministry said on Tuesday. Foreign ministry spok... More »

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U.S. crude futures turn positive after historic plunge, Brent falls

SEOUL (Reuters) – U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude. U.S. West Texas Inter... More »

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Oil gains on OPEC+ deal, stocks stymied by pandemic worries

TOKYO/SINGAPORE (Reuters) – Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output. U.S. ... More »

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Stocks jump on virus slowdown hopes, but oil slips on oversupply

SYDNEY (Reuters) – Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive. Equity i... More »

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South Korea reports fewer than 50 new coronavirus cases

SEOUL (Reuters) – South Korea reported fewer than 50 new coronavirus cases for the first time since its peak at the end of February as daily infections in Asia’s largest outbreak outside China continued to trend downward. The Korea Centers for Disease Control ... More »

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Coronavirus threatens to knock South Korea off 5G leadership perch

SEOUL (Reuters) – South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns. The Asia... More »

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April Fools! K-Pop star pranks his fans that he has coronavirus

SEOUL (Reuters) – A South Korean K-Pop star on Wednesday pulled an April Fool’s prank announcing that he had contracted coronavirus, and later removed the Instagram post after triggering a backlash. Kim Jae-joong, a member of boyband JYJ, posted on his Instagr... More »

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Asia shares suffer virus chills, central banks offer cold comfort

SYDNEY/HONG KONG (Reuters) – Asian shares slid on Monday as fears mounted that the global coronavirus shutdown could last for months although markets regained some lost ground late in the session with Australia posting a standout jump. U.S. and European future... More »

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China repeats call for dialogue after North Korea missile launch

BEIJING (Reuters) – China on Monday reiterated a call for dialogue in response to North Korea’s latest missile launch and said all sides involved in efforts to rid the Korean Peninsula of nuclear weapons should reconcile conflicts through discussion. Foreign m... More »

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Kuwait has 10 new cases of coronavirus, brings total to 56 – TV

DUBAI (Reuters) – Kuwait’s Health Ministry announced 10 new cases of coronavirus in the country on Monday bringing the total number to 56, a ministry official said. The official, who was speaking during a news conference broadcast on state television, urged ci... More »

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Asian shares rebound as markets bet on coordinated policy stimulus

SINGAPORE/SYDNEY (Reuters) – Asian shares regained a measure of calm on Monday as markets bounced after a searing sell-off last week and as investors pinned hopes on a likely coordinated global monetary response to help soften the economic blow of the coronavi... More »

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Samsung starts building $220 million R&D center in Vietnam

HANOI (Reuters) – Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant’s local unit said on Monday. But a ground-breaking ceremony, scheduled for this past Saturday, was canceled becaus... More »

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Fleetwood shot at final hole ‘never looked like sniffing land’

(Reuters) – A bad second shot at the final hole of the Honda Classic in Florida on Sunday cost Tommy Fleetwood a chance for his first PGA Tour victory. Needing a birdie at the par-five to force a playoff, Fleetwood tried to fade a five-wood from 235 yards, but... More »

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Im claims first PGA Tour title with clutch play at Honda Classic

(Reuters) – South Korean Im Sung-jae hit a series of clutch shots down the stretch to clinch his first PGA Tour victory in style, a one-shot triumph at the Honda Classic in Florida on Sunday. Im, last year’s tour rookie of the year, broke through in his 50th s... More »

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Rock band Green Day among musicians pulling out of Asia tour dates

(Reuters) – U.S. rock band Green Day on Friday called off all of the Asian shows in its upcoming world tour because of the coronavirus outbreak, the latest music act to pull back from performances in the region. The punk band’s Hella Mega tour was planned to h... More »

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Kuwait, Bahrain report coronavirus in people who visited Iran

DUBAI (Reuters) – Kuwait and Bahrain on Monday recorded their first new coronavirus cases, all involving people who had visited Iran, which has reported 43 cases of the disease, state media said. Kuwait detected the virus in three people among 700 who had been... More »

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Qatar to quarantine passengers arriving from Iran, South Korea

DUBAI (Reuters) – Qatar will ask passengers arriving from Iran and South Korea to remain in home isolation or a quarantine facility for 14 days over fears of new coronavirus outbreak, Qatar Airways said in a statement on Monday. Source: https://www.reuters.com... More »

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Shares drop, gold surges as investors scurry for safety

SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East. The large spi... More »

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Scott wins by two strokes at Riviera, and this time it is official

(Reuters) – Fifteen years after his first victory at Riviera, Adam Scott won the Genesis Open in Los Angeles on Sunday, and this time his victory is official. The Australian, a former Masters champion, overcame an early double-bogey to shoot one-under-par 70 a... More »

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South Korean film injects diversity back into Oscars

LOS ANGELES (Reuters) – At an Oscars ceremony nearly devoid of acting nominees of color and lacking any women among the contenders for best director, it fell to an Asian filmmaker and his cast to bring diversity to the American film industry’s highest honors. ... More »

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Factbox: Key winners at the 2020 Academy Awards

LOS ANGELES (Reuters) – The Academy Awards, the highest honors in the movie industry, were handed out on Sunday at a ceremony in Hollywood. Following is a list of winners in key categories: Best Picture “Parasite” (Neon) Best Actor Joaquin Phoenix – “Joker” Be... 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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Some exhibitors pull out of Singapore Airshow due to coronavirus

SYDNEY/MONTREAL (Reuters) – Some aerospace companies including business jet manufacturers Textron Inc and General Dynamics Corp’s Gulfstream division said they no longer planned to attend the Singapore Airshow due to the new coronavirus epidemic. The trade por... More »

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China’s CATL signs battery supply agreement with Tesla

SHANGHAI (Reuters) – China’s top electric vehicle battery maker CATL (300750.SZ) said on Monday it has signed a battery supply agreement with Tesla (TSLA.O). Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own... More »