The first Tokyo Olympics test event of 2021 will be postponed due to travel restrictions under Japan's coronavirus state of emergency, media reported Wednesday.
* Powell expected to reiterate it's too soon for taper talk * Sterling touches highest since May 2018 amid dollar weakness * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Jan 27 (Reuters) - The dollar was stuck on the back foot against major peers on Wednesday as markets wait on comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy. The greenback held declines against riskier currencies, with pandemic recovery hopes getting a boost as the International Monetary Fund upgraded its forecast for 2021 global growth. Treasury yields, whose rise had supported the dollar at the start of this year, declined overnight amid caution about the eventual size of and potential delays to President Joe Biden's $1.9 trillion fiscal stimulus plan.
The world needs to prepare for the "historic investment opportunity" around the corner.
South Australian police say a man killed in a '"vicious" assault was targeted.
Former NAB executive Rosemary Rogers who defrauded the bank of millions of dollars has been jailed by a NSW judge for at least four years and nine months.
Ash Barty's long-time coach says fans can expect to see an improved version of the world No.1 when Australia's tennis superstar returns to action on Friday.
Australian researchers believe a decay in specific immune cells found in the lung could partly explain why older people struggle to overcome viruses.
Presented with a movie, meal, medicines and a $20 cash handout, Cambodia's cyclo taxi drivers received a rare treat at the weekend, and a brief distraction from hard times as the coronavirus takes a toll on tourism. Hundreds of drivers who are struggling to make ends meet were seen sprawled out in their pedal-driven vehicles during the special screening on Saturday, when a makeshift movie theatre sprang up in a grassy yard in the capital Phnom Penh. They were shown the new film "Fathers" by local director Huy Yaleng, about a cyclo driver's daily battle to support his family.
Is this a case of the elite getting away with it? Baguio City Mayor Benjamin Magalong admitted today that he was at the controversial party organized by Tim Yap, where a number of guests were seen dancing around without masks. Magalong even publicly assured the self-proclaimed “eventologist” (whatever that means) that he would be treated ... This article, ‘Don’t you worry about it’: Mayor Magalong assures Tim Yap of fairness amidst probe, originally appeared on Coconuts, Asia's leading alternative media company.
Trae Young flashed a subtle gesture to honor Kobe Bryant after sealing Atlanta's win over the Clippers on Tuesday night.
(Bloomberg) -- ByteDance Ltd.’s revenue more than doubled to about $35 billion last year, defying heightened global competition and Trump’s attempt to ban its signature video service TikTok in the U.S.The Chinese company managed to grow operating profit to roughly $7 billion in 2020 from less than $4 billion the prior year, a person familiar with the matter said. That’s in a year when former U.S. president Donald Trump sought to ban TikTok and force its sale to American investors led by Oracle Corp. With Joe Biden in office, the company is moving closer toward listing part of its social media empire in Hong Kong. The Information first reported on ByteDance’s 2020 financials.ByteDance’s phenomenal growth stems from the global success of teen phenom TikTok and its Chinese twin Douyin, which helped pioneer a new form of social video and undercut rivals from Facebook Inc. to Tencent Holdings Ltd. Last valued at about $180 billion, the company is said to be exploring an initial public offering for some of its businesses in Hong Kong, including Douyin. A ByteDance spokesperson declined to comment.An eventual IPO would follow smaller competitor Kuaishou Technology’s impending $5.4 billion debut. Kuaishou, which operates China’s most popular video service after Douyin, is slated to list Feb. 5 in the world’s biggest internet IPO since Uber Technologies Inc.Read more: ByteDance Seeks Funds at $180 Billion Value Before IPO of AssetsBut one major uncertainty remains for ByteDance: whether the Biden administration will follow through on its predecessors’ actions.Founded by Zhang Yiming in 2012, ByteDance built TikTok into one of the most popular apps around the world, with more than 100 million users in the U.S. alone. The startup has more than quadrupled revenue from just $8 billion in 2018 and now posts sales on par with the likes of Nike Inc. and Coca-Cola Co.But the Trump administration labeled the app a security threat and banned the service last year, contending the Chinese government could compel ByteDance to turn over the data of millions of young American users. Oracle and Walmart Inc. then agreed to buy 20% of TikTok in a complex deal blessed by the former president.Biden’s immediate priorities are curbing the pandemic and resuscitating the economy, and he has had little to say so far about TikTok. It’s possible ByteDance could work out a compromise with the new president that allows it to retain full or majority ownership -- provided it can demonstrate American user data is secure.As the TikTok saga raged, Zhang has put more effort into nascent Chinese-focused businesses from gaming and education to e-commerce, while fine-tuning ByteDance’s management structure, the person said, asking not to be identified discussing internal matters.During a December town hall meeting attended by ByteDance’s 100,000-plus employees, Zhang said TikTok’s user growth slowed in 2020’s second half because of new competition from Youtube and Snap Inc., according to attendees who asked not be identified discussing private events. But he emphasized that its growth potential still outstripped Douyin’s, they said.Read more: TikTok Tug-of-War Ensnares App’s Affable Billionaire FounderFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Benji Marshall is set to extend his NRL career for another season after South Sydney offered the Wests Tigers legend a lifeline for 2021.
Hong Kong has begun using "ambush lockdowns" to suddenly close off and test everyone inside neighbourhoods where coronavirus cases have spiked, as a spate of recent outbreaks lay bare the rampant inequality in the wealthy Chinese finance hub.
Australian cricket selector Trevor Hohns says the criticism of captain Tim Paine following the loss to India was unfair and, in some cases, in poor taste.
Spaniard Rafa Nadal has weighed in on the furore after 72 players were placed into hard lockdown ahead of the Australian Open.
Wildlife carers believe three baby emus killed in a small beachside Victorian town were deliberately mown down by a driver who left them for dead.
A category closely identified with the internal combustion engine will be part of the electric vehicle revolution after all, it seems.
Barry Sanders knows what it's like to leave the Lions with gas in the tank.
Six spectators removed from the SCG during the third cricket Test have been cleared of racial abuse but Cricket Australia says Indian players were vilified.
Good morning, everyone, and thank you for joining our fourth-quarter and full-year 2020 combined earnings conference call for NextEra Energy and NextEra Energy Partners. With me this morning are Jim Robo, chairman and chief executive officer of NextEra Energy; Rebecca Kujawa, executive vice president and chief financial officer of NextEra Energy; John Ketchum, president and chief executive officer of NextEra Energy Resources; and Mark Hickson, executive vice president of NextEra Energy, all of whom are also officers of NextEra Energy Partners; as well as Eric Silagy, president and chief executive officer of Florida Power & Light Company.
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