SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high inflation and rising interest rates, while cost pressures were still posing a challenge for firms. The survey from National Australia Bank Ltd (NAB) released on Monday showed its index of business conditions fell two points…
SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high inflation and rising interest rates, while cost pressures were still posing a challenge for firms. The survey from National Australia Bank Ltd (NAB) released on Monday showed its index of business conditions fell two points…
WASHINGTON (Reuters) – U.S. national security adviser Jake Sullivan met Saudi Crown Prince Mohammed bin Salman during a visit to the kingdom on Sunday and reviewed what the White House called “significant progress” in Yemen peace efforts, the White House said. On a trip aimed at bolstering often-frayed ties with Riyadh, Sullivan also held joint…
By Leika Kihara TOKYO (Reuters) – Several Bank of Japan (BOJ) board members said the central bank must be vigilant to the risk of inflation accelerating more than expected, minutes of the March policy meeting showed on Monday. A few of the nine-member board also said they saw some “positive signs” emerging in Japan that…
By Wayne Cole SYDNEY (Reuters) – Asian shares crept higher on Monday as investors braced for a week where U.S. inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar. Friday’s robust U.S. payrolls report has already delivered a setback…
(Reuters) -Russia’s Wagner mercenary group appeared on Sunday to ditch plans to withdraw from Bakhmut in eastern Ukraine, saying they had been promised more arms by Moscow and suggesting they may keep up their assault on what Russia sees as a stepping stone to other cities in the Donbas region. Ukraine’s general in charge of…
SYDNEY (Reuters) – Australia’s centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation. The plan is designed to directly ease price pressures and inflation, the federal government said,…
By Erwin Seba HOUSTON (Reuters) – A fire burned for a third day on Sunday at Shell Plc’s chemical plant in the Houston suburb of Deer Park, Texas, a company spokesperson said. The fire initially ignited on Friday afternoon in an explosion in an olefins unit, used to make plastics and rubber. The fire was…
KHARTOUM (Reuters) -Fighting could be heard in south Khartoum on Sunday as envoys from Sudan’s warring parties met in Saudi Arabia for talks that international mediators hope will bring an end to a three-week-old conflict that has killed hundreds and triggered an exodus. The U.S.-Saudi initiative is the first serious attempt to end fighting between…
By Roushni Nair (Reuters) -Australia’s Westpac Banking Corp on Monday warned of “intense” mortgage competition pressuring its margins in the current half, and said it was dropping a cost target to instead focus on relative peer performance because of high inflation. Westpac, which previously benefited from a bold cost-cutting strategy, disclosed plans to move away…
