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Economy news policy Tareck Horchani Top News U.S. 

Dollar slips vs yen, dented by doubts over U.S. policy agenda

August 18, 2017 By Masayuki Kitano SINGAPORE (Reuters) – The dollar edged lower versus the yen on Friday, hampered by renewed investor concerns over the Trump administration’s ability to push forward its economic policy agenda. News of a deadly attack in Barcelona and speculation on Thursday over the possible departure of White House Economic Adviser Gary Cohn rattled markets, sparking a selloff in U.S. equities and stirring demand for safe haven bonds. A White House official said on Thursday that Cohn is remaining in his post. “It’s a pure risk-off…

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Alibaba Taobao China media news Tech Top News 

China targets Alibaba’s Taobao, other e-commerce sites, in VPN crackdown

August 17, 2017 By Cate Cadell BEIJING (Reuters) – Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Five websites have been asked to carry out immediate “self-examination and correction” to remove vendors that sell illegal virtual private networks (VPNs), according to a notice posted by the Zhejiang provincial branch of the Cyberspace Administration of China (CAC), China’s top cyber regulator. Some of them were…

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Entertainment Jill Serjeant Mission Impossible news Top News wall 

Tom Cruise breaks ankle in stunt, halts production on ‘Mission’ film

August 16, 2017 LOS ANGELES (Reuters) – Tom Cruise broke his ankle while performing a stunt on the set of the upcoming “Mission: Impossible 6,” causing production on the film to go on hiatus while the actor recovers, Paramount Pictures said in a statement on Wednesday. Paramount, a unit of Viacom , said the action movie, which is one of it biggest franchises, remains on schedule to open on July 27, 2018. Cruise, 55, who is known for doing his own stunts, was seen in a video on celebrity news…

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Business Guam news North Korea U.S. military 

Asian shares, dollar rally as North Korea blinks

August 15, 2017 By Lisa Twaronite TOKYO (Reuters) – Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signaled that he would delay plans to fire a missile near Guam, easing tensions and prompting investors to move back into beaten-down riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and rose 0.4 percent by late morning, with Australia up 0.7 percent. South Korea’s markets were closed for a holiday. Helped as well by a weaker yen, Japan’s Nikkei stock index was 1.3…

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China Economy Mao Shengyong National Bureau news Top News 

China’s stable economic performance should continue in second half: stats bureau

August 14, 2017 BEIJING (Reuters) – China’s stable economic performance should continue in the second half of this year and the overheated property market has cooled somewhat, a spokesman of National Bureau of Statistics said on Monday. China created 8.55 million new jobs in the January-July period, and the July survey-based unemployment rate in major cities was under 5 percent, Mao Shengyong told a news conference. (Reporting by Elias Glenn; Editing by Jacqueline Wong) Powered by WPeMatico

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Benchmark Capital sues former Uber CEO Kalanick: Axios

August 10, 2017 (Reuters) – Venture capital firm Benchmark Capital is suing former Uber Chief Executive Travis Kalanick for fraud, breach of contract and breach of fiduciary duty, news website Axios reported on Thursday. Benchmark’s suit involves a decision in 2016 to expand Uber’s board of voting directors from eight to 11, with Kalanick having the sole right to designate those seats, according to the report, citing a complaint filed in the Delaware Chancery Court. (http://bit.ly/2vrf8M0) Benchmark, an early investor in Uber, said that it never would have given Kalanick…

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Aristotle Balogh Business Danielle Brown Google news 

Google employee’s anti-diversity memo prompts company rebuke

August 7, 2017 By Sam Forgione (Reuters) – Google executives over the weekend rushed to denounce an engineer’s memo that ascribed gender inequality in the technology industry to biological differences, a view that sparked outrage at the internet giant and inflamed tensions over sexual harassment and discrimination in Silicon Valley. The unnamed engineer asserted in the 3,000-word document that circulated inside the company last week that “Google’s left bias has created a politically correct monoculture” which prevented honest discussion of the issue. “Distribution of preferences and abilities of men and…

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Beverly Hills Entertainment news service Top News tour 

Bieber says he’s ‘never going to be perfect’ after tour cancellation

August 3, 2017 LOS ANGELES (Reuters) – Justin Bieber offered a mea culpa to his fans saying he was “never going to be perfect” but hoped to learn from his mistakes, after a tumultuous week in which he abruptly canceled the rest of his world tour and accidentally hit a photographer with his truck. The 23-year-old singer, who pulled out of the remaining 14 dates of his “Purpose” world tour on July 24 and injured the photographer after a Beverly Hills church service two days later, said he had let…

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bank fraud hearings Money news Top News 

Republican U.S. senator looking into Wells Fargo insurance scandal

August 3, 2017 By Lisa Lambert WASHINGTON (Reuters) – Republican Senator Jerry Moran said on Thursday he is seeking additional information on recent revelations that Wells Fargo & Co enrolled unknowing borrowers in costly auto insurance, putting more pressure on the bank whose reputation is already marred by previous sales practices. At a hearing on insurance fraud, Moran, who chairs the insurance subcommittee that would be at the forefront of any congressional investigation into the issue, said his staff “is already in communication with Wells Fargo regarding these concerns, and…

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California Entertainment news TMZ Top News tour 

Justin Bieber apologizes for abandoning tour, says needs rest

July 25, 2017 By Jill Serjeant LOS ANGELES (Reuters) – Pop star Justin Bieber has apologized to his fans for the sudden cancellation of the remainder of his world tour, saying he needed some rest after being on the road for two years. His manager, Scooter Braun, also apologized but said the Canadian-born Bieber’s “soul and well being” are the top priority. Bieber’s decision to pull out of the remaining 14 dates of his “Purpose” world tour, citing only “unforeseen circumstances,” caused concern and frustration among his fans but also…

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