By Sam Byford TOKYO (Reuters) – Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan fell…
By Alexander Cornwell and Tim Hepher DOHA (Reuters) – Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus and Qatar’s national carrier. From a distance, the planes might seem like any other…
By Echo Wang (Reuters) -Blank check company Goldenstone Acquisition Ltd said late on Tuesday that it has entered into a deal with blockchain-based payments company Roxe Holding Inc to take it public for a combined enterprise value of about $3.6 billion. The deal bucks an unfavorable market environment with cryptocurrencies plunging in value and investors…
(Reuters) -New South Wales’ gaming regulator said on Wednesday it has given Crown Resorts conditional approval to open its gaming operations at its casino in Sydney, days after its $6.3 billion acquisition by Blackstone Inc received court approval. The Sydney casino, part of a 75-floor tower complex which opened in December 2020, had its licence…
By David Lawder ROSEBUD, South Dakota (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that President Joe Biden is not expected to cut U.S. tariffs on Canadian lumber as part of potential tariff relief he is considering to fight inflation. “To the best of my knowledge, they’re not under consideration, at least as…
The National Labor Relations Board is asking a federal court to order Starbucks to stop interfering with unionization efforts at its U.S. stores. It’s the third time the board has filed a case in federal court against Starbucks since December, when a store in Buffalo, New York, became the coffee chain’s first location in decades…
DALLAS (AP) — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline…
OTTAWA (Reuters) – Canada’s lower house of the parliament passed legislation on Tuesday that would bring online streaming platforms under the stewardship of the country’s broadcast regulator and compel firms like Netflix, YouTube, and Spotify to offer more local content. The bill, brought by Prime Minister Justin Trudeau’s Liberal government, cleared the House of Commons…
ROSEBUD, South Dakota (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that she still views two quarters of negative growth as a good rule of thumb to indicate a recession, but believes it is possible to bring down inflation while maintaining a strong labor market. “A shorthand of two quarters of negative growth…
By David Lawder ROSEBUD, South Dakota (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday the department’s new Office of Tribal and Native Affairs will to try to address some chronic tax and financing inequities faced by tribes, but will need Congress to sustain it beyond the Biden administration. Yellen told reporters the office,…
