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…
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday his biggest fear is that the Fed and financial markets are underestimating underlying inflation pressures, and beating inflation will require even more aggressive rate hikes than he currently expects. Kashkari is already the most hawkish of all the central bank’s 19 policymakers, and…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. federal judge on Monday rejected Goldman Sachs Group Inc’s bid to dismiss most of a 12-year-old class action alleging widespread bias against women in pay and promotions, and said the case will finally go to trial next June. U.S. District Judge Analisa Torres in Manhattan disagreed with…
By Joan Faus and Graham Keeley MADRID (Reuters) -A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since Russia invaded Ukraine in February. The Axioma was impounded by the Gibraltar authorities in March…
By David Lawder WASHINGTON (Reuters) -The White House on Tuesday revised down its projected fiscal 2022 deficit to $1.032 trillion, a $383 billion reduction from its budget forecast in March, reflecting stronger-than-expected revenues offset by new spending and technical re-estimates of healthcare and other outlays. The White House’s mid-session budget review includes the impact of…
OMAHA, Neb. (AP) — Billionaire Warren Buffett is auctioning off a high-tech signed portrait of himself to raise money for one of his favorite charities, and the bidding has already topped $30,000. The portrait of Buffett created by Motiva Art features a grid of letters over the picture that light up to spell out several…
