By William Schomberg and Suban Abdulla LONDON (Reuters) -British pay rose by more than expected in the three months to October, official data showed on Tuesday, prompting investors to further rein in bets on Bank of England interest rate cuts next year, despite warning signs of a slowdown in the economy. Average weekly earnings, excluding …
UK pay growth speeds up, adding to worries for Bank of England Read More »
(Reuters) – Australian ‘Big-Four’ bank ANZ Group’s shareholders are set to vote on outgoing chief executive Shayne Elliott’s pay this week, while the lender is being investigated for alleged bond-trading misconduct. Australia’s corporate regulator pulled up ANZ in May for the alleged breaches that it said occurred last year. The CEO’s exit in mid-2025 will …
Factbox-Scandals that rocked corporate Australia in 2024 Read More »
By Libby George and Karin Strohecker LONDON (Reuters) – Investors burned by Sri Lanka’s $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation’s leaders to better manage the country. Industry experts say the result is a first-of-its-kind bond linked to governance that will cut Sri Lanka’s debt …
(Reuters) -Australia’s Qantas Airways said on Tuesday that it has reached a settlement with the Transport Workers Union (TWU) for compensation of A$120 million ($76.2 million) that it will pay former ground workers who were sacked in 2020. The airline will pay the ex-employees through a compensation fund that will be established in early 2025, …
Australia’s Qantas to pay $76 million to former employees Read More »
By Luc Cohen and Jack Queen NEW YORK (Reuters) -Donald Trump on Monday lost a bid to overturn his criminal conviction stemming from hush money paid to a porn star in light of the U.S. Supreme Court’s July ruling recognizing immunity from prosecution for a president’s official acts. Justice Juan Merchan’s denial of Trump’s motion …
Trump loses bid to toss hush money conviction on immunity grounds Read More »
By David Ljunggren OTTAWA (Reuters) – The abrupt resignation of Canada’s finance minister leaves the government adrift less a month before the inauguration of a new U.S. administration that could impose crippling sanctions on Canadian exports. Chrystia Freeland quit on Monday after Prime Minister Justin Trudeau offered her a lesser position. She said his wish …
Canada government adrift after finance minister resigns, Trump tariffs loom Read More »
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk Yeol, several cabinet ministers, military commanders and police officials face criminal investigations over the president’s botched attempt on Dec. 3 to impose martial law. Prosecutors, the police and the Corruption Investigation Office for High-ranking Officials have all launched probes into Yoon and the officials, seeking …
Explainer-What do we know about investigations faced by South Korean President Yoon? Read More »
SHANGHAI (Reuters) -China’s capital markets outflow reached a record high of $45.7 billion in November, according to official data tracking cross-border payments, as Donald Trump’s U.S. presidential election win roiled global portfolio flows. Cross-border receipts from portfolio investments were $188.9 billion, while payments totalled $234.6 billion, resulting in the biggest monthly deficit on record, according …
China capital markets outflow hits record high in Nov after Trump election win Read More »
(Reuters) – U.S. oil giant Chevron’s Australian unit said on Tuesday it would supply a total of 130 petajoules of gas to aluminium producer Alcoa over a 10-year period starting 2028. The gas will be supplied from Chevron’s 530 terajoules-a-day Gorgon and Wheatstone facilities, and North West Shelf Venture in the state of Western Australia, …
Chevron Australia signs long-term gas supply deal with Alcoa Read More »
By Ryan Patrick Jones (Reuters) -U.S. President-elect Donald Trump said on Monday he was picking George Glass, a former investment banker and diplomat notable for his criticisms of China, to serve as his ambassador to Japan. “In my First Term, George was the U.S. Ambassador to Portugal. As a former President of an Investment Bank, …
