By Florence Tan and Emily Chow SINGAPORE (Reuters) – Oil prices eased on Monday after rising 2% in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States. Brent crude futures fell 74 cents, or 0.9%, to $85.65 a…
By Savyata Mishra (Reuters) -Australia’s Star Entertainment Group on Monday warned of an up to A$1.6 billion ($1.11 billion) impairment charge in first-half earnings from a proposed casino duty hike in New South Wales, sending its shares tumbling 22% to a record low. The warning underlines the possible impact of proposed tax rate hikes on…
By Wayne Cole SYDNEY (Reuters) – Asian shares slid and the dollar rose on Monday as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields. An air of geopolitical mystery was added by news the U.S air force…
SYDNEY (Reuters) – Australia’s top central banker will face a grilling at parliamentary hearings this week after surprising many with a hawkish turn on interest rate hikes that are adding to already punishing cost of living pressures. Reserve Bank of Australia (RBA) Governor Philip Lowe appears before lawmakers on Wednesday and Friday for hearings into…
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a five-week high against major peers on Monday on rising bets for prolonged Federal Reserve policy tightening ahead of a crucial consumer price report the following day. The yen slipped with the government set to nominate a candidate who backs the current policy settings as…
By Mimosa Spencer and Manuel Ausloos PARIS (Reuters) – Airbnb is offering a night for two in the Palais Garnier opera house in Paris this summer, transforming a box in the theatre into a plush bedroom with sweeping views of the famous auditorium. The “Phantom of the Opera”-themed stay – a nod to the novel…
SHANGHAI (Reuters) – Zeekr, the electric car brand of China’s Geely Automobile Holdings, is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion. Zeekr, which sells two purely electric car models, said in a statement on Monday that proceeds from the funding round will…
By Maiya Keidan TORONTO (Reuters) – A recent rise in Canada’s shareholder activism faces a reality check next month when a new law that gives more powers to investors to pick board nominees will be put to the test and could spur more campaigns this year, lawyers say. Canada is a perfect environment for activists…
BERLIN (Reuters) – BMW met its 2022 target for significantly higher pretax earnings than in the previous year, Focus Money magazine reported on Sunday, citing the German carmaker’s chief financial officer. “We had no reason to correct the forecasts … Otherwise we wouldn’t be sitting here so relaxed,” CFO Nicolas Peter was quoted as saying…
