By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Wednesday asked a judge to hold a separate trial for Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, who faces new charges of foreign bribery, bank fraud and conspiracy. Prosecutors added those charges this year, after Bankman-Fried’s December 2022 extradition from the Bahamas in…
Siemens’ 2 billion-euro ($2.17 billion) investment plan, announced on Thursday, is more than double the company’s cumulative investment spending over the past two years and will create over a thousand jobs, CEO Roland Busch told Reuters. The head of the German engineering giant, which said it will build new factories, research and development centers and…
SYDNEY (Reuters) – Papua New Guinea’s parliament has begun debating a defence deal with the United States, with Prime Minister James Marape acknowledging the concerns of some students and unions ahead of a vote to ratify it in August. The defence agreement will allow U.S. forces to refurbish and develop infrastructure for military and civilian…
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday he would not dissolve parliament in the coming days, following weeks of speculation that he might do so to call a snap election in the hopes of solidifying his power within the ruling party. Talk of a dissolution surfaced a few weeks ago as…
By Renju Jose SYDNEY (Reuters) -Australia said on Thursday it would introduce legislation to parliament to cancel Russia’s lease to build a new embassy in the national capital of Canberra, citing national security. The move follows the conclusion of a long-running litigation regarding the leased site after the federal court ruled last month that an…
By Nell Mackenzie, Farouq Suleiman and Kirstin Ridley LONDON (Reuters) -Odey Asset Management is in advanced talks to move funds and staff to other asset managers as it grapples with the fallout of sexual misconduct allegations against its founder Crispin Odey. The Financial Times and Tortoise Media reported that 13 women had alleged that Odey…
By Takaya Yamaguchi TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida’s administration will pledge to boost childcare spending and focus on sustaining wage hikes in its mid-year economic policy roadmap, a final draft seen by Reuters showed on Thursday. The blueprint, expected to be approved by cabinet on Friday, comes amid speculation Kishida could dissolve parliament…
(Reuters) -BofA Global Research now expects two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year, while JP Morgan sees one more hike in July, after the central bank signaled further raises may be needed. BofA’s new terminal rate forecast stands 5.5%-5.75%, it said in a note on Wednesday. It…
TOKYO (Reuters) -About 85% of Toyota Motor’s shareholders voted to re-elect Chairman Akio Toyoda to the automaker’s board of directors at an annual general meeting, the company said on Thursday, for his lowest approval rating in at least five years. Support for Toyoda, the grandson of the founder of the world’s top-selling automaker, fell from…
SINGAPORE (Reuters) – New home sales in Singapore jumped to the highest in a year, official data showed on Thursday, despite a hike in taxes a month earlier to try to cool the market and discourage foreign buying. There were 1,038 new homes sold in May, up 17% from April, according to data from the…
