By Foo Yun Chee BRUSSELS (Reuters) -Google was hit with an antitrust complaint on Monday after Danish online job-search rival Jobindex took its grievance to European Union regulators, alleging the Alphabet-owned business had unfairly favoured its own job search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for…
By Juliette Portala (Reuters) – Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds have surged in recent years, driven in part by a…
By Byron Kaye SYDNEY (Reuters) -A major consumer group has referred three of Australia’s biggest retail chains to the privacy regulator, saying they use “unreasonably intrusive” facial recognition technology on customers and recommending enforcement action. CHOICE, in a complaint to the Office of the Australian Information Commissioner (OAIC) published on Monday, said use of the…
LONDON (AP) — Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. Moscow owed $100 million in interest on one bond priced in dollars and one priced…
HONG KONG (Reuters) -Shares of Chinese internet gaming and social media giant Tencent Holdings Ltd gave up early gains to fall as much as 2.5% to HK$374.60 in the early afternoon, after Prosus NV and Naspers said they would gradually sell shares in the firm. Tencent stock surged as much as 4.2% in morning trade…
By Karin Strohecker LONDON (Reuters) -Russia looked set for its first sovereign default in decades as some bondholders said they had not received overdue interest on Monday following the expiry of a key payment deadline a day earlier. Russia has struggled to keep up payments on $40 billion of outstanding bonds since its invasion of…
By Liz Hampton (Reuters) – U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of a finishing a new well. These “re-fracs” are taking hold as shale oil producers look to take advantage of $100 a barrel crude without…
BANGKOK (AP) — Shares skidded in Asia on Wednesday after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession. U.S. futures edged higher while oil prices fell back. A weaker-than-expected U.S. consumer confidence reading highlighted worsening consumer expectations due to persistently…
By Emily Chan TAIPEI (Reuters) – Some Taiwanese holders of Russian Eurobonds have not received interest due on May 27 after a grace period expired on Sunday evening, two sources said, potentially setting Moscow on track for its first major external sovereign default in over a century. Russia was due to make $100 million in…
TAIPEI (Reuters) – Taiwan and the United States will hold trade talks on Monday under a newly agreed framework, the office of the U.S. Trade Representative said. Deputy U.S. Trade Representative Sarah Bianchi will meet the island’s top trade negotiator, John Deng, to discuss an initiative on 21st-century trade, her office said, without providing details….
