By Rae Wee SINGAPORE (Reuters) – Indonesia’s first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it’s also given investors cause to stay bullish on one of the world’s more resilient emerging markets. Bank Indonesia raised its benchmark rate on Tuesday as it…
By Nivedita Bhattacharjee BENGALURU (Reuters) -India’s NDTV Ltd saw its shares jump 5% on Wednesday to a 14-year high after billionaire Gautam Adani’s conglomerate surprised the media group by saying it would buy a near-30% stake that could eventually lead to majority ownership. NDTV, which has a market valuation of about $300 million, watched as…
TOKYO (AP) — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week. Benchmarks rose in Japan, Australia and South Korea. Trading was delayed in Hong Kong for a storm, while Shanghai…
By William Schomberg and Balazs Koranyi LONDON/FRANKFURT (Reuters) – This time last year, the world’s biggest central banks were united in getting the inflation story wrong. Now, as top policymakers gather for the Kansas City Federal Reserve’s annual monetary policy conference in Jackson Hole, Wyoming, the U.S. central bank looks like it might manage a…
By Chavi Mehta (Reuters) – Twitter Inc misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famed hacker widely known as “Mudge,” alleged Twitter falsely claimed it had a solid security plan, according…
By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets slipped for an eighth straight session on Wednesday, and the dollar loomed large as fresh hawkish comments from a Federal Reserve official kept investors cautious ahead of this week’s Jackson Hole symposium. Minneapolis Federal Reserve Bank President Neel Kashkari was the latest official to reiterate the…
STEPHENVILLE, Newfoundland (AP) — The leaders of Germany and Canada said Tuesday a new hydrogen pact will kick-start a transatlantic hydrogen supply chain, with the first deliveries expected in just three years. Prime Minister Justin Trudeau and German Chancellor Olaf Scholz signed the deal in the port town of Stephenville, Newfoundland. A Canadian company has…
KUALA LUMPUR, Malaysia (AP) — Najib Razak is Malaysia’s first former prime minister to go to prison — a mighty fall for a British-educated politician whose father and uncle were the country’s second and third prime ministers, respectively. The enormous 1MDB financial scandal tied directly to him was not just a personal blow but also…
By Harish Sridharan (Reuters) -Coles Group on Wednesday forecast higher costs for fiscal 2023, as inflationary pressures continue to impact its operations, sending shares of Australia’s second-largest grocer down more than 5%. Retailers globally have warned that rising energy, fuel and ingredient costs will continue to reflect in higher price tags as they strive to…
WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers on Monday released a revised version of a bill aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook. The Journalism Competition and Preservation Act “removes legal obstacles to news organizations’ ability to negotiate collectively and secure fair terms…
