By Kevin Buckland TOKYO (Reuters) – Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day. Japan’s Nikkei dropped 1.26% and touched a two-week low. Australia’s benchmark share index slid 1.35% and South Korea’s Kospi fell…
NEW YORK (AP) — Water.org announced a $1 billion plan Tuesday to help 100 million people in Africa, Asia and Latin America get lasting access to water and sanitation. The Water.org Water & Climate Fund, unveiled at the Clinton Global Initiative conference in New York, plans to use $50 million in philanthropic money to create…
The Asian Development Bank has downgraded its forecasts for growth in the region, citing the war in Ukraine, rising interest rates to combat decades-high inflation, and China’s slowing economy. The Manila, Philippines-based lending agency revised its estimate for growth in developing Asian economies to 4.3%, down from an earlier forecast of 5.2%. Growth in 2023…
(Reuters) – Planemaker Boeing Co said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources into manufacturing and product development. The company will reduce staffing in its information technology and finance departments, Boeing said in an emailed statement to…
ANCHORAGE, Alaska (AP) — Nearly every single Alaskan got a financial windfall amounting to more than $3,000 Tuesday, the day the state began distributing payments from Alaska’s investment fund that has been seeded with money from the state’s oil riches. The payments, officially called the Permanent Fund Dividend or the PFD locally, amounted to $2,622…
By Sameer Manekar (Reuters) – Australia’s Link Administration said on Wednesday Britain’s financial regulator may fine a UK unit 50 million pounds ($56.86 million) in addition to potential 306.1 million pounds in redress over its management of a now defunct fund. The potential fine and redress payment casts doubts over the share registry firm’s nine-month-long…
By Dawn Chmielewski and Paresh Dave LOS ANGELES (Reuters) -YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video creators 45% of the revenue. That compares…
BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes said on Tuesday that efficiency gains by the government will allow for salaries to be increased after years of no meaningful hike in minimum wages and a salary freeze for public servants. Speaking virtually at an event hosted by the Brazilian Association of Supermarkets (Abras), Guedes highlighted…
A top executive at plant-based food company Beyond Meat has been charged with felony battery after a fight outside a college football game in which he was accused of biting a man’s nose. Doug Ramsey was also charged with making a terroristic threat after the attack Saturday in a parking garage outside a University of…
(Reuters) – Beyond Meat Inc’s Chief Operating Officer Doug Ramsey has been suspended effective immediately, the company said on Tuesday, following reports of the executive’s arrest for allegedly biting a man’s nose during an altercation. The plant-based meat producer said the operations activities will be overseen on an interim basis by Jonathan Nelson, senior vice…
