(Reuters) – European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. The pan-European STOXX 600 slid 0.6% at 7:08 GMT. Pelosi was set to visit Taiwan on Tuesday, three sources said, as…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%. The Reserve Bank of Australia’s decision was the cash rate’s third consecutive hike of half a percentage point. When the bank lifted the rate by a quarter percentage point at…
By Stephanie Kelly (Reuters) -Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply. Brent crude futures dropped 24 cents, or 0.2%, to $99.82 a barrel by 0634…
KALGOORLIE, Australia (Reuters) – Gold Fields Chief Executive Chris Griffith said on Tuesday that convincing the company’s shareholders to back its takeover offer for Canada’s Yamana Gold was still a “work in progress”. The South Africa listed miner, with assets in Australia, Africa and South America, announced plans in May to acquire Yamana in an…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan’s average minimum wage is set to rise at a record pace this year, the government said on Tuesday, a positive development for Prime Minister Fumio Kishida’s efforts to cushion households from global commodity inflation. The health ministry formally approved a recommendation by its sub-committee that the…
(Reuters) – Apple Inc is dropping its mask mandate for corporate employees at most locations, the Verge reported on Monday, citing an internal memo. (https://bit.ly/3oJ3EQN) This comes even as COVID-19 infections in the United States have been on the rise with the BA.4 and BA.5 subvariants of the Omicron variant accounting for more than 90%…
TAIPEI (Reuters) – Shares of Taiwan chipmaker TSMC fell as much as 2.98% on Tuesday, as investors closely watch a possible trip to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi later in the day which has angered China. The main benchmark share index fell more than 2%. (Reporting by Sarah Wu; Editing by…
By Alun John HONG KONG (Reuters) – The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes. Jitters about the impact of an impending…
By Selena Li and Anshuman Daga SINGAPORE (Reuters) – Bosses of HSBC will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe’s largest lender, as they seek to convince shareholders that their strategy to operate as a global bank is vital to boosting growth. The London-headquartered group is under pressure from…
The National Labor Relations Board has dismissed a charge Starbucks filed against union organizers in Phoenix, saying there was not enough evidence that pro-union workers blocked store entrances or intimidated customers during a spring rally. Seattle-based Starbucks filed the charge with the labor board in April. The company contended that pro-union workers violated U.S. labor…
