GABORONE (Reuters) – Botswana’s central bank cut its benchmark lending rate to a record low of 5 percent on Tuesday, citing positive inflation outlook and efforts to stimulate economic activity. The small but relatively wealthy southern African country, whose chief exports are diamonds and beef, has struggled to grow its economy at faster pace since […]
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By Manolo Serapio Jr and Enrico Dela Cruz MANILA (Reuters) – The Philippines’ environment minister said he was hopeful that a ban on open-pit mining would be lifted before the end of the year after a government panel recommended its removal on Tuesday. Lifting the ban would allow the development of some big-ticket mining projects […]
Read More By Jane Chung SEOUL (Reuters) – South Korea will resume the suspended construction of two new nuclear reactors from midnight, its energy ministry said on Tuesday, but has torn up plans to build six more reactors as Seoul seeks to meet pledges to cut reliance on nuclear power. The move will restart work on the […]
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LONDON (Reuters) – Real Madrid’s Portugal striker Cristiano Ronaldo was crowned the best soccer player in the world for the second year running at FIFA’s The Best awards gala on Monday. The four-time Ballon d’Or winner won a La Liga and Champions League double with the Madrid club this year, striking twice against Juventus in […]
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By Makiko Yamazaki CHIBA CITY, Japan (Reuters) – Toshiba Corp <6502.T> said it is considering various measures in case the $18 billion sale of its chip unit does not close by the end of the financial year and leaves the embattled conglomerate short of funds needed to ensure it stays listed. The deal needs to […]
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By Thomas Wilson TOKYO (Reuters) – Japan’s Canon Inc hiked its annual profit forecast for the third time on Tuesday on the back of expanding demand for “business-to-business” products from surveillance cameras to organic light-emitting diode (OLED) screen production equipment. Canon, which also makes copiers and printers, forecast operating profit to soar by more than […]
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SYDNEY (Reuters) – Australia’s Bureau of Meteorology (BOM) said on Tuesday climate indicators were near the levels associated with a La Nina weather event and pegged the chance of the weather pattern developing this year at 50 percent. This is around double the normal likelihood of the weather event, the BOM said. La Nina is […]
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BEIJING (Reuters) – The head of Airbnb Inc’s China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country where residency and movement are regulated. Hong Ge, who previously worked for Google Inc and Facebook Inc, left to pursue […]
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By Liana B. Baker and Munsif Vengattil (Reuters) – Cisco Systems Inc <CSCO.O> will buy software company BroadSoft Inc <BSFT.O> for $1.71 billion, it said on Monday, in a deal that boosts Cisco’s collaboration tools and helps the company diversify its offerings away from switching and routing. Shares in BroadSoft, which specializes in software used […]
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By Jeffrey Dastin (Reuters) – Amazon.com Inc has received 238 proposals from cities and regions across North America vying to host the company’s second headquarters, it said on Monday. The number of applicants underscores the interest in the contest, which Seattle-based Amazon announced last month. The world’s largest online retailer said it would invest more […]
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(Reuters) – Days before Apple Inc’s much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone. Heightened anticipation around the 10th anniversary iPhone, which opens for preorders on Oct. 27 […]
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By Karen Freifeld NEW YORK (Reuters) – The New York attorney general has opened an investigation into sexual harassment and possible violations of civil rights laws at the Weinstein Company, the movie studio co-founded by Harvey Weinstein, and sent the company a subpoena on Monday, a source familiar with the investigation said. The subpoena, which […]
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