TOKYO (Reuters) – Asian shares tumbled on Thursday, led by the biggest slide in Chinese stocks in more than eight months, as investors grew more anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year. FILE PHOTO: An investor looks…
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Australia’s Westpac hires former Barclays chairman to tide over crisis
SYDNEY (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) on Thursday named a former Barclays (BARC.L) boss as chairman, entrusting veteran banker John McFarlane with the task of helping to steer it through the fallout of a massive money-laundering scandal. FILE PHOTO: John McFarlane, Chairman of Barclay’s, takes part in a panel during…
ECB to launch review that will redefine its mission and tools
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it. FILE PHOTO: New European Central Bank (ECB) President Christine Lagarde addresses a news conference on…
After China trade deal, Europe and UK next on Trump’s to-do list
WASHINGTON (Reuters) – U.S. President Donald Trump vowed to rip up international trade deals and rebalance America’s global trade relationships. FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo Three years into his presidency, he…
Explainer: Global airlines on high alert as virus outbreak spreads
(Reuters) – Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China. Passengers wearing masks are seen at the terminal hall of the Beijing Capital International Airport, in Beijing, China January 23, 2020. REUTERS/Martin Pollard Here’s an explainer on the airline industry’s response to the outbreak…
Yen up, yuan down over China virus fears; Aussie jumps on jobs data
SINGAPORE (Reuters) – The safe-haven Japanese yen firmed and the Chinese yuan weakened on Thursday, as traders kept a wary eye on the spread of a virus in China, while the battered Australian dollar jumped after a surprise drop in unemployment. FILE PHOTO: A visitor washes Japanese yen banknotes and coins in…
U.S. economy to coast, no big boost expected from trade deal: Reuters poll
BENGALURU (Reuters) – The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed. FILE PHOTO: Shipping containers are stacked for storage at Wando Welch Terminal operated…
Chinese listed companies ramp up virus efforts after president’s call
FILE PHOTO: A passenger wears a mask at Shanghai railway station in Shanghai, China January 22, 2020. REUTERS/Aly Song SHANGHAI (Reuters) – A number of Chinese listed companies – ranging from biotech firms, drugmakers, mask producers and thermometer manufacturers – announced efforts in response to a national call to fight the outbreak…
Oil slump deepens as China virus casts cloud over fuel demand, economy
TOKYO (Reuters) – Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. FILE PHOTO: Oil…
Exclusive: Malaysia to buy more Indian sugar to resolve palm oil spat – sources
KUALA LUMPUR (Reuters) – Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports. FILE PHOTO – A labourer carries a sack filled with sugar to load…
Efforts to Denuclearize North Korea Will Continue Despite Hard-Line Minister, U.S. Says
WASHINGTON — Efforts to denuclearize North Korea will continue despite a new foreign minister in Pyongyang who is seen as a hard-liner and could take a tougher stance in stalled negotiations, a senior State Department official said Wednesday. The official would not forecast how the new foreign minister, Ri Son-gwon, who succeeds…
How Jeff Bezos’ iPhone X Was Hacked
SAN FRANCISCO — On the afternoon of May 1, 2018, Jeff Bezos received a message on WhatsApp from an account belonging to Saudi Arabia’s crown prince, Mohammed bin Salman. The two men had previously communicated using the messaging platform, but Mr. Bezos, Amazon’s chief executive, had not expected a message that day…
Smokers Should Quit at Least 4 Weeks Before Surgery, W.H.O. says
It goes without saying that cigarettes and surgery are not a winning combination. Scores of studies have shown that patients who use tobacco have poorer post-surgical outcomes. But many doctors give smokers conflicting advice on the ideal length of time they should go cold turkey before their operations. A new report released…
BlackRock built 5% stake in ex-Toshiba unit at center of takeover battle: filing
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson TOKYO (Reuters) – BlackRock Inc (BLK.N) has built a 5.12% stake in Toshiba Machine (6104.T), a former Toshiba Corp (6502.T) subsidiary that has been targeted by Japan’s most prominent activist investor, according…
Netflix forecasts tough start to 2020; Disney+ going global
(Reuters) – Netflix Inc has entered a new year that will be far tougher than the one it left behind. International growth helped the streaming video service trounce expectations in the last quarter of 2019. But the company acknowledged competition had an impact in the United States, where growth missed Wall Street…
Hyundai fourth-quarter profit beats view on brisk SUV sales, shares jump 5%
FILE PHOTO: Hyundai introduces its Vision T concept car at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Andrew Cullen SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) reported a better than expected quarterly operating profit, helped by brisk sales of sport-utility vehicles such as its Tucson…
Cathay says cabin crew can wear masks on mainland China flights due to virus
SYDNEY (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd will allow cabin crew to wear a surgical mask while operating mainland China flights due to concerns over a new coronavirus, and passengers to Wuhan to change or cancel flights without charge through Feb. 15. FILE PHOTO: Passengers wearing masks are seen at…