By Jaskiran Singh (Reuters) – Johnson & Johnson (J&J) has reached a A$300 million ($204.90 million) settlement in two Australian class action suits filed by Shine Lawyers for selling defective pelvic mesh implants to Australian women, the law firm said on Monday. The settlement, which Shine Lawyers said was the largest settlement in a product-liability…
TOKYO (Reuters) -Japanese automaker Nissan will extend its suspension of an assembly plant in Saint Petersberg, Russia, for three months until late December, it said on Monday. “Production is suspended at St Petersburg until the end of December and employees have been informed. We continue to monitor the situation closely and will take actions as…
By Leika Kihara TOKYO (Reuters) – The yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. That is the message from three sources familiar with the thinking of the Bank of Japan (BOJ), and it was strongly implied by the country’s…
BERLIN (Reuters) -Swiss Re said global geopolitical tensions, macroeconomic developments and climate change have heightened demand for risk protection and will lead to increased premiums. The reinsurer plans to further grow its natural catastrophe portfolio, where the market is forecast to grow to $48 billion from $35 billion in the next four years, it said…
BEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday ahead of data traders hope will show surging U.S. inflation eased in August, reducing pressure for more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged lower. Wall Street’s benchmark S&P 500 index gained 1.1% on Monday for its fourth…
(Reuters) -Capital A Bhd, the parent of Malaysian budget airline AirAsia, said on Monday its Teleport cargo arm would add three Airbus SE A321 freighters to its fleet starting in the first quarter of 2023. The freighters would be leased from BBAM Limited Partnership, Capital A said in a statement. Teleport last year began operating…
By Florence Tan and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. Brent crude futures dropped $1.28, or 1.4%, to $91.56 a barrel by 0330 GMT, after settling…
By Irene Wang and Tom Bateman TOKYO (Reuters) -Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If I have to get up early, and I think ‘Oh, I should hold off on drinking,’ then I go for a non-alcohol drink to get…
(Reuters) – The Australian financial crimes regulator said on Monday it would investigate a unit of British betting group Entain Plc to assess whether it is in compliance with the country’s anti-money laundering and counter-terrorism financing laws. The enforcement investigation into Entain Group Pty follows an extensive supervisory campaign that examined entities within the corporate…
By Wayne Cole SYDNEY (Reuters) – Asian share markets made cautious gains on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention. Holidays in China and South Korea made for slow trading, while traders…
