The decision whether to allow overseas spectators to attend the Summer Games is up to Japan, a senior International Olympic Committee official said on Thursday, signalling that it is up to the host nation what to do about fans in venues. The comments came after Tokyo 2020 President Seiko Hashimoto said she wanted to reach a decision on foreign spectators by the start of the torch relay on March 25. Olympics Minister Tamayo Marukawa said the government would decide by the month-end.
(Bloomberg) -- Asian stocks fell with U.S. futures Thursday after an overnight surge in sovereign bond yields once more dragged down shares on Wall Street. Treasuries held those losses and the dollar ticked higher.China led losses amid the worst drop in MSCI Inc.’s Asia-Pacific gauge this week. The technology sector struggled while real estate, finance and energy shares outperformed, part of a global shift to value segments. S&P 500 and Nasdaq 100 futures dipped after a slump in the indexes took the tech-heavy gauge to a two-month low. Declines in Apple Inc. and Amazon.com Inc. outweighed gains in banks and energy producers.Australian bonds tumbled after benchmark Treasury yields approached 1.5% in U.S. trade. A market gauge of inflation expectations over the next five years hit its highest level since 2008. Traders also assessed data pointing to an uneven economic recovery from the depths of the pandemic.The rise in inflation expectations and long-term borrowing costs is stoking concern that equity markets may wobble after a prolonged rally. Investors are trying to assess central banks’ appetite to buy more longer-dated bonds to keep financial conditions loose. The focus turns to Federal Reserve Chairman Jerome Powell’s upcoming comments, after Chicago Fed President Charles Evans said the recent climb in yields reflected economic optimism.“Inflation is a concern; there is a lot of money sloshing around the system and it makes sense to have some sort of a correction right now,” said Shana Sissel, Spotlight Asset Group chief investment officer. “And bond yields going up is the market’s implicit way of tightening since the Fed has made it clear they don’t have the intention of doing so.”Read: U.S. Inflation Expectations Hit Decade High as Yields ResurgeDemocratic leaders in the Senate are working to consolidate support for the $1.9 trillion stimulus bill, which is expected to bolster economic expansion. The U.S. economy expanded modestly in the first two months of the year and vaccinations are supporting business optimism, according to the Federal Reserve’s Beige Book.Elsewhere, oil was above $61 a barrel as investors waited for the result of a critical OPEC+ policy meeting later Thursday. Bitcoin retained recent gains to trade around $50,000.Some key events to watch this week:OPEC+ meeting on output Thursday.U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.Federal Reserve Chairman Jerome Powell speaks Thursday.The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the moves in markets:StocksS&P 500 futures fell 0.6% as of 12:50 p.m. in Tokyo. The S&P 500 fell 1.3%. The Nasdaq 100 lost 2.9%.Japan’s Topix index fell 1.3%.Australia’s S&P/ASX 200 index fell 1%.South Korea’s Kospi index slid 1.5%.Hong Kong’s Hang Seng index lost 2.3%.Shanghai Composite was down 1.6%. The CSI 300 Index lost 2.7%.CurrenciesThe yen traded at 107.06 per dollar.The offshore yuan was at 6.4763 per dollar.The Bloomberg Dollar Spot Index rose less than 0.1%.The euro traded at $1.2054, down 0.1%.BondsThe yield on 10-year Treasuries was steady at 1.48% after rising nine basis points.Australia’s 10-year bond yield rose 11 basis points to 1.79%.CommoditiesWest Texas Intermediate crude added 0.5% to $61.57 a barrel.Gold was 0.2% lower at about $1,709 an ounce.For 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.
By forging key partnerships with filmmakers, financiers and distributors through the years, The Exchange, founded by veteran sales executive and CEO Brian O’Shea, has grown to become a leading worldwide sales and finance company. Together with VP of acquisitions & production Caddy Vanasirikul, and the rest of the team, The Exchange has backed a diverse slate of films that […]
The latest heavy-duty launch vehicle prototype from SpaceX soared flawlessly into the sky in a high-altitude test blast-off on Wednesday from Boca Chica, Texas, then flew itself back to Earth to achieve the first upright landing for a Starship model. It was the third such landing attempt to end in a fireball after an otherwise successful test flight for the Starship, being developed by SpaceX to carry humans and 100 tons of cargo on future missions to the moon and Mars. For Musk, the billionaire SpaceX founder who also heads the electric carmaker Tesla Inc, the outcome was mixed news.
Switzerland votes Sunday on whether to ban full facial coverings in public places, despite women in Islamic full-face veils being an exceptionally rare sight in Swiss streets.
Kristaps Porzingis had 19 points and 13 rebounds with European sidekick Luka Doncic sidelined by a back issue going into his second All-Star appearance, and the Dallas Mavericks beat the Oklahoma City Thunder 87-78 on Wednesday night. Tim Hardaway Jr. scored 19 points, Josh Richardson added 16 and Dallas cruised most of the second half without the NBA's sixth-leading scorer. Doncic had averaged 31.6 points in the previous nine games, with Dallas winning seven to get above .500 for the first time since Jan. 22.
Late Wednesday, Critics Choice Association chief Joey Berlin sent a missive to members of the organization that was, well, critical of the Hollywood Foreign Press Association and its disastrous Golden Globe Awards telecast last weekend. The Critics Choice Association has its own awards show on The CW this Sunday from 7-10 p.m. ET/PT. Berlin’s Wednesday […]
Good morning, everyone, and thank you for joining Ferroglobe's fourth-quarter and full-year 2020 conference call. Joining me today are Marco Levi, our chief executive officer; Gaurav Mehta, our transformation director and EVP of strategy and investor relations; Jorge Lavin, group controller. Risk factors that could cause actual results to differ materially from these forward-looking statements can be found in Ferroglobe's most recent SEC filings and exhibits to those filings, which are available on our web page, www.ferroglobe.com.
Trae Young scored 32 points and hit the go-ahead free throws with eight seconds remaining as the Atlanta Hawks rallied from 19 down in the second half to beat the Orlando Magic 115-112 on Wednesday night. Young had 20 points after halftime to lead the Hawks back from a 61-42 deficit at the break. Combined with Tuesday’s win in Miami, Atlanta improved to 2-0 under interim coach Nate McMillan and won consecutive games for the first time in 5 1/2 weeks.
SailPoint, the global leader in enterprise identity security, announces hiring of Yutaka Fujimoto as its first Japan country manager.
Meghan Markle and Prince Harry sat down with Oprah Winfrey for an interview in which "there is no subject that's off-limits"
Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today announced the pricing of an underwritten public offering of 4,950,000 shares of its common stock at a public offering price of $41.00 per share. The offering was upsized from the previously announced public offering of 4,500,000 shares of common stock. All of the shares are being offered by Cohu. The gross proceeds to Cohu, before deducting underwriting discounts and commissions and estimated offering expenses payable by Cohu, are expected to be approximately $203 million. In addition, Cohu has granted the underwriters a 30-day option to purchase up to an additional 742,500 shares of its common stock in the offering at the public offering price, less underwriting discounts and commissions.
Heavy rainfall on February 28 brought flooding to several Kentucky counties, with the Kentucky River overflowing at High Bridge, Kentucky, on March 3.Drone footage shared by the National Weather Service (NWS) Louisville shows the overflowing Kentucky River affecting buildings lining the waterway.The NWS Louisville had reported record-breaking rainfall for the Bowling Green area on February 28, as well as widespread river flooding, including moderate to major flooding along the Kentucky River. Credit: NWS Louisville via Storyful
SpaceX’s futuristic Starship looked to have performed a perfect touchdown - before it exploded with so much force that it was hurled into the air. The failure occurred just minutes after success was declared and comes after two previous test flights crash-landed in fireballs. The full-scale prototype of Elon Musk’s envisioned Mars ship soared more than six miles after lifting off from the southern tip of Texas on Wednesday.
A former Maryland police chief is facing more than a dozen attempted murder charges after he allegedly targeted a series of enemies in at least 12 arson cases going back a decade, officials said. David M. Crawford, the former police chief of Laurel, Maryland, was charged and arrested on Wednesday. The 12 fires took place in Prince George’s, Montgomery, Howard, Frederick and Charles counties from 2011 until late last year.
Scott Morrison rejects calls for independent inquiry into rape allegation against Christian Porter. PM says rule of law must prevail over ‘mob’ justice – and he will welcome back his attorney general
New Zealand has third day with no new Covid cases as church leader says she will refuse vaccineGovernment looks at prioritising vaccines for south Auckland residents where last two outbreaks were centredCoronavirus – latest updatesSee all our coronavirus coverage Covid testing site in Auckland. New Zealand has recorded its third day in a row with no positive cases. Photograph: Phil Walter/Getty Images
The World Cup, scheduled to be held in New Zealand from Sept. 18 to Oct. 16, was on Tuesday pushed back until 2022 after World Rugby said it was difficult to host the event as planned due to uncertainties surrounding the pandemic. Last year, Autumn Nations Cup replaced the men's November internationals while women's test rugby has been put on hold. "What's really disappointing in my opinion is how do the men get an autumn series last year?" Hywel told the BBC https://www.bbc.com/sport/rugby-union/56262554.
Zach LaVine capped a 36-point performance with a driving layup and four free throws during the final minute, and the Chicago Bulls held off a late rally to beat the mercurial New Orleans Pelicans 128-124 on Wednesday night. Coby White scored 25 for the Bulls, who led by as many as 19 and were still up 18 in the fourth quarter before the Pelicans' late surge pulled them as close as 117-113 on Jaxson Hayes alley-oop dunk as he was fouled with 1:49 left. Hayes missed the free throw, however, and Zion Williamson, who scored 28 points, missed two free throws with a chance to cut it to two with 1:23 left.
Justin Moore scored 24 points and helped No. 10 Villanova capture the Big East title with a 72-60 win over a No. 14 Creighton team playing with coach Greg McDermott under fire for using language evocative of slavery. McDermott, who had apologized for urging his players to “stay on the plantation” in a postgame locker room talk following a loss over the weekend, said on Creighton’s pregame radio show that he offered to resign. McDermott said had a long meeting with players on Sunday night and said he saw “pain in their face(s)” and hoped “one mistake doesn’t define you.”