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TOKYO (Reuters) - The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vote in parliament. The dollar index .DXY, which measures the greenback against six major peers, was a shade higher at 96.133 after gaining about 1 percent over the previous...
(Reuters) - Michigan State University’s interim president John Engler said on Wednesday he would resign following renewed criticism of how he handled the fallout from the sex abuse scandal involving sports doctor Larry Nassar. Nassar, who was a team doctor for USA Gymnastics, was sentenced to up to 300 years in prison in two different trials last winter after more...
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday central banks must carefully evaluate the impact of unconventional monetary policy steps, as their benefits and side-effects could differ from those brought about by conventional policy. Kuroda also warned that rapidly ageing societies could make the job of central banking more difficult, as falling fund demand could keep...
(Reuters) - IBM Corp and T-Systems, Deutsche Telekom’s struggling IT services and consulting business, plan to sign an agreement to jointly provide mainframe services, an IBM spokesman said on Monday. Existing customer contracts will not be affected by the arrangement, which is subject to standard approvals, the spokesman said in an emailed statement to Reuters. “T-Systems will continue to offer mainframe...
KABUL (Reuters) - The Taliban claimed responsibility on Tuesday for a car bomb attack near a heavily fortified foreign compound in Afghanistan’s capital, Kabul, that killed at least four people a day earlier. More than 90 people were also wounded in the attack near the Green Village compound, which houses several international companies and charities, in eastern Kabul. Zabihullah Mujahid, a...
BEIJING (Reuters) - China is not putting pressure on Canada by sentencing a Canadian to death for drug smuggling, and any suggestion it was doing so showed “rude contempt” of China’s law, its state media said. Relations between Chin and Canada have been severely strained since early December when Canadian police arrested Meng Wanzhou, chief financial officer of Chinese telecommunications...
MUMBAI (Reuters) - Samsung (005930.KS) plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi (1810.HK) in the world’s second-biggest mobile phone market. The South Korean company’s Indian market share by shipments has lagged Xiaomi’s in two of the three 2018 quarters for which data...
BENGALURU (Reuters) - Gold prices rose on Monday as the dollar fell on expectations that the U.S. Federal Reserve will not raise rates this year and as Asian markets dropped after lacklustre China data reflected a slowdown in the world’s second-largest economy. Gold tends to gain on expectations of lower interest rates, as they reduce the opportunity cost of holding...
MELBOURNE (Reuters) - Former champion Rafa Nadal showed no signs of discomfort from his thigh strain as he sailed through to the second round of the Australian Open with a 6-4 6-3 7-5 win over local hope James Duckworth on Monday. The first meeting between the 17-times Grand Slam champion, a winner at Melbourne Park in 2009, and Australian wildcard...
WASHINGTON (Reuters) - President Donald Trump’s former personal attorney Michael Cohen said on Thursday he had agreed to testify publicly before a congressional panel on Feb. 7, as U.S. House of Representatives Democrats began kicking off numerous investigations of Trump, his business interests and his administration. Cohen said in a statement he had accepted an invitation to testify from Representative...

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