"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the ongoing trade war negotiations.World Economyread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
* Nikkei falls near 3-month low, defensive shares hit
* Investors grow pessimistic on U.S.-China trade
TOKYO, May 30 (Reuters) - Japan's Nikkei share average dropped on Thursday, clinging near to three-month lows touched earlier this month on growing anxiety the trade dispute between the United States and China will be prolonged and damaging to the economy.
The Nikkei fell 0.85% to 20,824, not far from its May 14 intraday low of 20,751.
"A rebound around that level will lead to formation of a double-bottom and could underpin the market," said Masayuki Doshida, senior market analyst at Rakuten Securities.
But a break below that line, which will take the Nikkei to the lowest levels since mid-February, will further impact already weak market sentiment, he added.
The broader Topix slumped 0.94% to 1,522.03, near a four-month low of 1,508 touched in mid-May.
Despite the downturn, the Japanese share market has fared better than many of its global peers. MSCI Japan has shed 4.1% so far in May, less than the 5.9% fall in MSCI ACWI.
Yet that was of little comfort to investors, who have become increasingly pessimistic that the United States and China could strike a trade deal on the sideline of a G20 summit meeting in late June.
"There will be limited hopes on any deals for the time being. It will be a prolonged fight," said Tsuyoshi Shimizu, head of research group at Asset Management One.
Investor appetite remains subdued even as the dividend yield on Topix is reaching to highest levels in almost seven years at 2.54 percent
In strongly worded commentaries, Chinese newspapers warned on Wednesday that Beijing is ready to use rare earth elements to strike back in a trade war with the United States.
Defensive shares, including domestic demand-led companies, came under heavy selling in Thursday's trade, with Astellas Pharma dropping 4.4% and Kao Corp, manufacturer of cosmetics, soaps and other chemical products, sliding 3.3%.
Recruit Holdings, one of a small number of shares that have posted gains so far this year, fell 2.3 percent while East Japan Railway shed 2.0%. .