News

October 5, 2021 By Anshuman Daga SINGAPORE (Reuters) – Asian shares suffered heavy losses early on Tuesday following a broad sell-off on Wall Street, as markets fretted about the impact of multi-year high oil prices at a time when supply chain disruptions are already putting pressure on economic activity. MSCI’s broadest index of Asia-Pacific shares […]

October 5, 2021 PARIS (Reuters) – After a month wrapped in silvery-blue plastic as part of an art installation, Paris landmark the Arc de Triomphe was returning to its familiar form on Monday as work to dismantle the wrapping got underway. The plan to encase the 19th century arch was originally conceived by the late […]

October 5, 2021 By Renju Jose SYDNEY (Reuters) – Australia will buy 300,000 courses of Merck & Co’s experimental antiviral pill, Prime Minister Scott Morrison said on Tuesday, as Victoria logged the highest number of daily COVID-19 infections of any state in the country since the pandemic began. Molnupiravir, which would be the first oral […]

October 5, 2021 HONG KONG (Reuters) – Citigroup has appointed William Pang as the head of its Natural Resources and Clean Energy Transition (NRCET) Investment Banking unit in Asia, according to a statement from the bank. Pang joined Citi in 2015 and will continue to lead infrastructure investment banking in Asia, the statement said. NRCET […]

October 5, 2021 (Reuters) – A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker named Owen Diaz, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported https://on.wsj.com/3mifGPa. The jury determined that the company failed to take […]

October 5, 2021 (Reuters) – Facebook Inc on Monday cited faulty configuration changes on its routers as the root cause of the nearly six-hour outage that prevented the company’s 3.5 billion users from accessing its social media and messaging services. “Our engineering teams have learned that configuration changes on the backbone routers that coordinate network […]

October 5, 2021 HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Tuesday that Beijing has no timetable to extend an anti-sanctions law to the global financial hub, where financial institutions are concerned over the impact it could have on their operations. Lam, speaking at her weekly news briefing, said Beijing would take […]

October 5, 2021 CARACAS/SAN CRISTOBAL, Venezuela (Reuters) -Venezuela will reopen its border with Colombia on Tuesday, Venezuelan Vice President Delcy Rodriguez said in a state television address on Monday, after a nearly three-year closure due to political tensions. Venezuela closed the border in February 2019 as the Venezuelan opposition, backed by Bogota and Washington, attempted […]

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October 5, 2021 Newly crowned U.S. Open champion Emma Raducanu would face two-time Grand Slam champion Simona Halep if both win their opening matches at the BNP Paribas Open in Indian Wells, Calif. Raducanu, an 18-year-old from Great Britain, stunned the tennis world while emerging from relative obscurity to win the major in New York […]

October 5, 2021 By Wayne Cole SYDNEY (Reuters) – Australia’s trade surplus unexpectedly grew to a record in August as strength in liquefied natural gas and coal exports more than offset a pullback in iron ore prices, a windfall to mining profits and tax receipts. Figures from the Australian Bureau of Statistics out on Tuesday […]

October 5, 2021 By Kevin Buckland TOKYO (Reuters) – The U.S. dollar drifted below a one-year high versus major peers on Tuesday as traders waited on key U.S. payrolls data at the end of the week for clues on the timing of a tapering of Federal Reserve stimulus and the start of interest rate hikes. […]

October 5, 2021 TOKYO (Reuters) – Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply. Brent crude was down by 3 cents at $81.83 a barrel by 0054 GMT, having rising 2.5% […]

October 5, 2021 (Restores headline) WASHINGTON (Reuters) – U.S. President Joe Biden and Japanese Prime Minister Kishida Fumio affirmed the strength of the U.S.-Japan alliance in a phone call on Monday, the White House said in a statement. “The leaders affirmed the strength of the U.S.-Japan Alliance, which is the cornerstone of peace, security, and […]

October 5, 2021 By Colin Packham CANBERRA (Reuters) – Dominic Perrottet, a social conservative and economic reformer, was on Tuesday elected as the new state premier of New South Wales, which will within weeks exit a months-long COVID-19 lockdown that has battered its economy. Gladys Berejiklian last week resigned as premier of Australia’s most populous […]

October 5, 2021 TAIPEI (Reuters) – Taiwan needs to be on alert for China’s “over the top” military activities, Premier Su Tseng-chang said on Tuesday, after 56 Chinese aircraft flew into Taiwan’s air defence zone on Monday. The world has also seen that China is violating regional peace and pressuring Taiwan, Su told reporters. (Reporting […]

October 5, 2021 SYDNEY (Reuters) – A return to court for Ash Barty this season looked less likely on Tuesday after the world number one was omitted from Australia’s team for next month’s Billie Jean King Cup finals in Prague. The Wimbledon champion, who returned to Australia after a third-round exit at the U.S. Open […]

October 4, 2021 By Helena Soderpalm STOCKHOLM (Reuters) -Chipmaker Qualcomm Inc and SSW Partners have reached a definite agreement to buy automotive technology group Veoneer for $4.5 billion, the Swedish company said on Monday. Veoneer’s expertise in making advanced driver assistance systems (ADAS) had made it an attractive takeover target for both Qualcomm and Canada’s […]

October 5, 2021 TOKYO (Reuters) – New Japanese Prime Minister Fumio Kishida said on Tuesday that he received a “strong” message from U.S. President Joe Biden about the United States’ commitment to defending the disputed East China Sea islets known as the Senkaku in Japan. In phone talks on Tuesday morning that lasted roughly 20 […]

October 5, 2021 By Jessica Jaganathan SINGAPORE (Reuters) -Sellers of liquefied natural gas (LNG) are asking for credit letters from companies they deal with to guarantee they can pay as the global spike in gas prices takes them beyond their credit limits, industry sources said. Defaults have been rare in LNG, which has typically relied […]