Major News

PersonalFinance

China’s Centurium Capital raises over $2 billion from GIC, Temasek, others

HONG KONG (Reuters) – China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than $2 billion in its debut fund, giving the private equity firm more firepower to cut deals involving the world’s second-largest economy. FILE PHOTO: CEO of Luckin Coffee Jenny Qian Zhiya (3rd R), non-executive chairman […]

Read More
PersonalFinance

As migrants languish in border facilities, U.S. Congress struggles to finalize emergency aid

WASHINGTON/NEW YORK (Reuters) – Congress and the White House were attempting to broker a deal over how to spend emergency aid to address the migrant surge as lawmakers, private companies and presidential candidates raised alarms about immigrants facing dangerous conditions along the U.S.-Mexico border. The Republican-controlled Senate passed by an overwhelming 84-8 vote a $4.6 […]

Read More
sportsNews

Nike ‘very concerned’ about rape accusation against Brazilian soccer star Neymar

(Reuters) – Nike Inc is “very concerned” about a rape accusation against Brazilian soccer star Neymar, the world’s largest sportswear maker said on Thursday, raising questions about its sponsorship of one of the sport’s most famous players. Brazilian soccer player Neymar leaves the police station after testifying in Rio de Janeiro, Brazil June 6, 2019. […]

Read More
PersonalFinance

British money manager Woodford’s star wanes over locked fund gate

LONDON (Reuters) – Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford’s cult status among British money managers is on the ropes after some of his investors were unable to recoup their money. When Woodford struck out on his own from Invesco and launched Woodford Investment […]

Read More
PersonalFinance

British money manager Woodford’s star wanes over locked fund gate

LONDON (Reuters) – Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford’s cult status among British money managers is on the ropes after some of his investors were unable to recoup their money. When Woodford struck out on his own from Invesco and launched Woodford Investment […]

Read More
artsNews

Huawei puts Honor above Android at new smartphone launch

LONDON (Reuters) – Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm’s technology. The world’s second-biggest phone maker runs its devices on Google’s Android platform outside China, but the U.S. Commerce Department blocked Huawei […]

Read More
artsNews

Architect I.M. Pei dies at age 102: New York Times

(Reuters) – I.M. Pei, whose modern designs and high-profile projects made him one of the best-known and most prolific architects of the 20th century, has died, the New York Times reported on Thursday. He was 102. Pei, whose portfolio included a controversial renovation of Paris’ Louvre Museum and the Rock and Roll Hall of Fame […]

Read More
artsNews

Factbox: Selected works of architect I.M. Pei

FILE PHOTO: Tourists stand in front of the Louvre Pyramid designed by Chinese-born U.S. Architect Ieoh Ming Pei in Paris, France, September 13, 2016. REUTERS/Charles Platiau (Reuters) – I.M. Pei, whose modern designs and high-profile projects made him one of the best-known and most prolific architects of the 20th century, has died, the New York […]

Read More