(Reuters) – Entities backed by Singapore’s Temasek and Chinese investment firm HighLight Capital agreed to a deal worth 1.06 billion yuan ($148.7 million) for stakes in a unit of VIVA Biotech Holdings, the pharmaceutical service company said late on Sunday. The deal, which will dilute VIVA Biotech’s stake in VIVA Shanghai to about 75.79% from…
(Reuters) – Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said. The Finance Sector Union of Australia (FSU) said on Friday the country’s third-largest bank would reduce headcount…
(This story contains graphic language in paragraph 9) (Reuters) – Police in Aurora, Colorado, have released body camera footage following the death of a teenager who was shot by an officer after an alleged robbery. Jor’Dell Richardson, who is Black, was shot by an officer who chased him as he ran from a local store…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Asian markets will turn their attention to a series of central bank meetings after ending last week on a buoyant note. MSCI’s gauge of world stock markets on Friday hit its highest point in 13 months. Wall Street…
BEIJING (Reuters) – Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated move to ease pressure on profit margins. The deposit rate cuts follow a similar move by China’s biggest state lenders on Friday and marks the second such industry-wide cut within…
By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Iraq’s parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war. The budget deficit is estimated at a record…
BOGOTA (Reuters) – Four Indigenous children who were missing for more than five weeks in Colombia’s southern jungle will tell their own story about the ordeal, the father of the two youngest siblings said on Sunday. The children, aged 1 through 13, survived a May 1 plane crash that killed their mother and two other…
By Tom Balmforth KYIV (Reuters) -Ukraine said on Sunday its troops had made territorial advances on three villages in its southeast, the first liberated settlements it has reported since launching a counter-offensive this past week. Kyiv’s forces posted unverified videos showing soldiers hoisting the Ukrainian flag at a bombed-out building in the village of Blahodatne…
By Rae Wee SINGAPORE (Reuters) – The dollar held its ground on Monday but was still near multi-week lows against some of its major peers as traders were on guard ahead of central bank meetings this week, including the Federal Reserve’s where it will announce its rates decision. The U.S. currency was pinned near a…
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation slowed for a fifth consecutive month in May because of sliding fuel and commodity prices, data showed on Monday, a sign cost-push pressure that has driven up consumer inflation may be subsiding. The data underscores the central bank’s view that consumer inflation will slow in coming months…
