By Wayne Cole SYDNEY (Reuters) – Major share markets made cautious gains on Monday as investors counted down to another U.S. inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields yet further. The explosion in coronavirus cases globally also threatens to crimp consumer spending…
SYDNEY (Reuters) -Virgin Australia said on Monday it would reduce capacity across its network by around 25% for the rest of January and for February due to reduced travel demand and staff being required to isolate as COVID-19 case numbers rise in Australia. The airline, which competes against Qantas Airways Ltd, said it would cut…
(Reuters) – The former chief executive of James Hardie Industries on Monday rejected the Australian building materials giant’s claims about concerns over his conduct and management style, and said he was “blindsided” by his firing last week. The world’s top maker of fibre cement products on Friday terminated CEO Jack Truong, saying dozens of top…
SHANGHAI (Reuters) – Shimao Group Holdings has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported. Shimao, which defaulted on a trust loan last week, has asked agents since late December to help seek buyers for its properties,…
By Naveen Thukral SINGAPORE (Reuters) – Oil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed by supply disruptions in Kazakhstan and Libya. Brent crude slid 38 cents, or 0.46%, to $81.37 a barrel, while U.S. West Texas Intermediate (WTI) crude was down…
By Wayne Cole SYDNEY (Reuters) – Asian share markets were muted on Monday as investors count down to another U.S. inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields and punishing tech stocks. The explosion in coronavirus cases globally also threatens to crimp consumer…
WASHINGTON (Reuters) – General Motors Co on Sunday said it had agreed to recognize California’s authority to set vehicle emission standards under the Clean Air Act. The move will make the Detroit automaker eligible for government fleet purchases by the state of California, GM said. The automaker made the commitment to recognize California’s authority in…
By Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau is pushing ahead with a vaccine mandate for international truckers despite increasing pressure from critics who say it will exacerbate driver shortages and drive up the price of goods imported from the United States. Canada will require all truckers entering from the United States…
By Aditya Kalra NEW DELHI (Reuters) – Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency’s supension of a 2019 deal it had with Indian retailer Future Group, two sources with direct knowledge told Reuters on Sunday. India’s antitrust agency suspended its approval of Amazon.com’s 2019 deal with…
