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Didi Chuxing Japan service singapore Tech Top News 

Chinese bicycle-sharing startup Mobike expands into Japan

June 22, 2017 SHANGHAI (Reuters) – Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in northern Japan and plans to begin service later this year, it said on Thursday. The move into one of Japan’s largest cities marks the latest overseas venture for the firm, which has already launched services in Singapore and the UK. The company has operations in around 100 Chinese cities and has raised over $900 million since October. “The company is committed to providing smart bike-share services in collaboration with local governments…

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Andy Haldane Economy increase OANDA Reserve Bank Top News 

Dollar edges away from three-week high versus yen; kiwi firm after RBNZ

June 22, 2017 By Masayuki Kitano SINGAPORE (Reuters) – The dollar eased versus the yen on Thursday as a recent rally tied to bets on another U.S. interest rate hike this year lost steam, while the New Zealand dollar rose after its central bank stopped short of aggressively trying to talk down the currency. The New Zealand dollar was the big mover during Asian trade, rising 0.4 percent on the day to $0.7248 , edging back in the direction of a four-month peak of $0.7320 set last week. The kiwi…

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AOMORI Economy Japan rates Top News United States 

BOJ’s Iwata sees no need to raise rates now as economy needs support

June 22, 2017 By Leika Kihara AOMORI, Japan (Reuters) – Bank of Japan Deputy Governor Kikuo Iwata on Thursday dismissed the need to raise interest rates any time soon, stressing that the economy still needs support from “powerful” monetary easing with inflation distant from the central bank’s 2 percent target. Japan’s low inflation expectations mean its short-term real interest rate, which is calculated by subtracting inflation expectations from nominal interest rates, remains higher than that of the United States, Iwata said. The BOJ must therefore maintain its massive stimulus program,…

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case court coverage Entertainment media Top News 

Two holdouts prevented Cosby guilty verdict, juror tells ABC

June 22, 2017 (Reuters) – Two holdout jurors prevented comedian Bill Cosby from being found guilty on two of three counts in his sexual assault trial and deliberations were so tense that jurors burst into tears, a jury member told ABC News in a report on Wednesday. Only one juror thought the 79-year-old entertainer was guilty on the third charge, the jury member said in describing the 52 hours of deliberations that ended in a mistrial on Saturday. Cosby is facing a second trial for allegedly drugging and sexually assaulting…

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accounts China Economy PBOC spending Top News 

China not facing same pressure as Fed to shrink balance sheet: PBOC adviser

June 22, 2017 SHANGHAI (Reuters) – China’s central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People’s Bank of China (PBOC) said on Thursday. The Fed is looking to start reducing its massive $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities beginning later this year. Most of the assets were purchased in the wake of the 2007-2009 financial crisis and recession. However,…

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Entertainment Kanye West Kim Kardashian media People Magazine Top News 

Kim Kardashian said to have hired surrogate for third baby

June 22, 2017 LOS ANGELES (Reuters) – Kim Kardashian and Kanye West’s family may be growing, according to reports on Wednesday that the celebrity couple have hired a surrogate to carry their third child after a doctor advised the reality star against another high-risk pregnancy. People Magazine and E! News, citing unidentified sources, said the couple had hired a surrogate, and said they had agreed to pay the surrogate more than $113,000 to carry a child. It was not clear whether the surrogate was already pregnant. Kardashian’s representative did…

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Brian Reynolds Economy fact Lou Brien rates Top News 

Bond market flashing worry on economy, countering Fed view

June 22, 2017 By Karen Brettell (Reuters) – The U.S. Treasury yield curve is flashing warning signs on the economy, pointing to a less optimistic prediction for longer-term economic growth at the same time as Federal Reserve officials are adopting a more aggressive tone on raising interest rates. A flattening yield curve is often interpreted as a negative economic indicator as it shows concerns about the future pace of growth and inflation, because buyers of long-dated debt would demand higher yields if they expected higher costs. “The Fed’s optimism has…

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economic growth internet Michael Kratsios Tech Top News White House 

White House aims to speed U.S. drone, wireless technologies

June 22, 2017 By David Shepardson WASHINGTON (Reuters) – The White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways government can help speed new technologies to the marketplace. President Donald Trump will meet with the chief executives of General Electric Co, Honeywell International Inc and AT&T Inc AT&T Inc, major drone industry firms and venture capitalists in the latest effort by the White House to focus on innovative technologies as a way of spurring job growth. Michael Kratsios, the White House’s…

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2016 election Entertainment Pakistani Muslim political show Top News 

Cross-cultural romance under political microscope in ‘The Big Sick’

June 22, 2017 By Piya Sinha-Roy LOS ANGELES (Reuters) – When Pakistani actor Kumail Nanjiani and his American wife Emily Gordon wrote a film about the surreal circumstances that brought them together, little did they expect that their love story would be put under a political spotlight. “The Big Sick” explores Nanjiani’s cultural conflict as a Pakistani Muslim comedian in a post-9/11 America. His life is further complicated when he falls in love with Gordon, played by Zoe Kazan, and goes against his family’s wishes that he marry a Pakistani…

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Congress election presidential Russian Tech Top News 

Russians targeted 21 election systems, U.S. official says

June 21, 2017 By Dustin Volz and Julia Edwards Ainsley WASHINGTON (Reuters) – Russian hackers targeted 21 U.S. state election systems in the 2016 presidential race and a small number were breached but there was no evidence any votes were manipulated, a Homeland Security Department official told Congress on Wednesday. Jeanette Manfra, the department’s acting deputy undersecretary of cyber security, testified before the Senate Intelligence Committee. U.S. intelligence agencies have concluded the Kremlin orchestrated a wide-ranging influence operation that included email hacking and online propaganda to discredit Democratic presidential candidate…

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