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By Steve Holland and Heather Timmons WASHINGTON (Reuters) – Senate Republican leader Mitch McConnell’s unexplained freezeup while speaking in Congress this week is the latest reminder that America’s most powerful political leaders are much older than many in other democracies. Joe Biden, 80, is the oldest U.S. president to ever serve in the White House, and nearly two decades older than the median age of the world’s national leaders, 62, […]

HONG KONG (Reuters) – Chinese property developers Dalian Wanda Group and Vanke have reached a settlement over a dispute related to a mega-project in the northern part of the country, a Wanda company official said on Friday. The official confirmed a China Securities Journal report, which also said court orders to freeze Wanda’s 1.9 billion yuan ($265.52 million) worth of shares in its property manager unit would be withdrawn when […]

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Turkey’s new central bank chief pitched a comprehensive monetary policy in her first formal address to the media while her acknowledgment of stark inflation pressures was welcomed by foreign investors. Laying out her philosophy in her debut news conference, Hafize Gaye Erkan pledged that her holistic approach would – in addition to interest rate hikes – make use of a range […]

(Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring growing concerns over the rising side- effects of prolonged monetary easing. At the two-day meeting that ended on Friday, the central bank kept unchanged its short-term interest rate target at -0.1% and that for the 10-year government bond yield around 0%. It also maintained guidance […]

Shohei Ohtani tossed the first complete-game shutout of his career, Taylor Ward hit two homers and the visiting Los Angeles Angels blanked the Detroit Tigers 6-0 in the opener of a doubleheader on Thursday afternoon. Ohtani (9-5) allowed only one hit — a Kerry Carpenter single in the fifth. He walked three and struck out eight. Ohtani had never previously pitched more than eight innings. Ohtani’s scheduled start was moved […]

(Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring growing concerns over the rising side- effects of prolonged monetary easing. At the two-day meeting that ended on Friday, the central bank kept unchanged its short-term interest rate target at -0.1% and that for the 10-year government bond yield around 0%. It also maintained guidance […]

By Tom Westbrook SYDNEY (Reuters) – The yen gained in volatile trade and stocks and bonds dropped in Tokyo after the Bank of Japan said it would take a more flexible approach to pinning down long-term yields, while hopes for stimulus had Chinese stocks heading for a weekly gain. The Bank of Japan maintained ultra-low interest rates but said its target for 10-year government bond yields of 50 basis points […]

By Alan Baldwin LONDON (Reuters) – British Formula E driver Jake Hughes has smashed a world indoor speed record by hitting 218.71kph (135.9mph) inside London’s ExCeL Centre in a modified version of the electric championship’s Gen3 racecar. The event, a duel with Brazil’s 2016-17 Formula E champion Lucas di Grassi with the pair taking turns in the same car, took place behind closed doors on Tuesday night on a 346 […]

By Laura Sanicola and Andrew Hayley (Reuters) -Oil prices slipped in Asian trade on Friday but were on track for a fifth straight week of gains following strong economic data in the U.S., and on speculation over Chinese stimulus measures and OPEC+ output cuts. Brent crude fell 42 cents, or 0.5%, to $83.82 a barrel by 0404 GMT, but was on track for a weekly 3.5% increase. U.S. West Texas […]