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Sports - Love, Butler among free agents agreeing on deals to stay put

(Reuters) - Kevin Love and Jimmy Butler, two of the biggest names in the NBA free agent market that opened on Wednesday, cut the suspense and agreed to deals to remain with their teams. Butler said he was remaining with the Chicago Bulls, while Love announced on the Players Tribute that he was re-signing with the Cleveland Cavaliers to join LeBron James in pursuit of NBA titles with a five-year deal worth a reported $110 million. `We have unfinished business and now it`s time to get back to work.` Contracts for free agents can not be signed until July 9.

Wednesday, July 01, 2015  23:27


Business - Nike uses VR to put you in the shoes of soccer star Neymar

Neymar Jr. is a well-oiled marketing machine. Not only is the Brazilian footballer a Nike brand icon, but you can also find him on the cover of video games like Pro Evolution Soccer 2016. However, because ...

Wednesday, July 01, 2015  23:09


Business - Former U.S. agent pleads guilty to bitcoin theft in Silk Road probe

By Dan Levine SAN FRANCISCO (Reuters) - A former federal agent pleaded guilty on Wednesday to stealing bitcoins during the government`s investigation of Silk Road, and to secretly soliciting payment from the operator of the online black market for information on its probe. In a San Francisco federal court, Force appeared in an orange jump suit and leg shackles and acknowledged a litany of criminal acts. Among them, Force said he agreed to a contract with Twenty-First Century Fox Inc last year to help make a movie about the Silk Road investigation, without the permission of his supervisors.

Wednesday, July 01, 2015  23:09


Sports - British Open Golf winner to pocket £1 mn for first time

The winner of this year`s British Open will collect more than £1 million ($1.6m, 1.4m euros) for the first time in the tournament`s history, organisers the R&A announced on Wednesday. The overall prize fund for the game`s oldest major championship has increased £900,000 to £6.3 million, with the champion receiving £1.15 million. `The Open is one of the world`s pre-eminent sporting events,` R&A chief executive Peter Dawson said.

Wednesday, June 24, 2015  14:23


World - New runway recommended for London Heathrow airport

Britain should build a third runway at London Heathrow airport to ease congestion, a government-appointed commission recommended on Wednesday despite opposition from environmentalists and London mayor Boris Johnson. The runway would cost £17.6 billion (24.8 billion euros, $27.6 billion), but would generate up to £147 billion over 60 years and create more than 70,000 jobs by 2050, the commission said in a long-awaited report. `Heathrow can provide that capacity most easily and quickly.

Wednesday, July 01, 2015  11:07


Asia-Pacific - Eat: Chop Suey`s Comeback

How an old-school Chinese-American favorite found a new audience in L.A.

Wednesday, June 24, 2015  12:51


Business - Wave of contagion expected after dramatic weekend raises `Grexit` chances

European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock markets expected as investors scramble to discount a possible `Grexit` that most had still assumed was unlikely as late as Friday afternoon. The European Central Bank on Sunday then capped the amount of emergency financing it extends to Greek banks at last week`s levels despite reports of further heavy deposit withdrawals over the weekend. `If Greece has to put capital controls in place, that is going to have a real big impact on markets and that will generate increased volatility,` said Ian Stannard, European head of FX strategy at Morgan Stanley in London.

Sunday, June 28, 2015  17:22


Business - China regulators juggle IPOs with growth and a market plunge

By Lu Jianxin and Pete Sweeney SHANGHAI (Reuters) - A 20 percent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings, highlights the risks that regulators face as they try to use the stock market to support the slowing economy. `The government appears eager to maintain a bull market to expand the capital market and reduce reliance on bank lending,` analysts at Standard Chartered said in a note to clients on Saturday. The stock market, which has seen indexes gain as much as 150 percent since November, has been one of China`s few bright spots as economic growth has flagged and property prices have slid, and regulators have tried to take advantage of it to support the wider economy.

Sunday, June 28, 2015  07:05


World - Newly seen Bacon paintings fetch £30m in London

Two self-portraits by Irish-born British painter Francis Bacon, never seen before in public, sold for £30 million at a London sale on Wednesday, months after being rediscovered in a private collection. `These sublime self-portraits utterly embody the power and emotion of the very best of Bacon`s celebrated small portrait heads,` said the auction house. It shows Bacon aged 65 wearing his mackintosh.

Wednesday, July 01, 2015  22:14


Asia-Pacific - Asian shares up despite Greece fears

Stock markets in Asia rise, recovering some of the ground lost on Monday when markets were hit by worries over Greece.

Tuesday, June 30, 2015  08:51

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