SYDNEY (Reuters) – Australia’s economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, while emerging signs pointed to further softness ahead amid elevated borrowing costs and a slowdown in global growth. Data from the Australian Bureau of Statistics on Wednesday showed real gross…
By Ismail Shakil OTTAWA (Reuters) -Authorities in New York, Toronto and Ottawa on Tuesday warned residents about the health risks from air polluted by smoke from unprecedented early summer wildfires in eastern Canada. An unusually early and intense start to wildfire season has set Canada on track for its worst-ever year as warm and dry…
By Xie Yu HONG KONG (Reuters) – Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.7% in the morning. China’s benchmark equity index rose 0.3%, while Hong Kong’s Hang Seng added 1.2%….
(Reuters) – Netflix Inc’s co-Chief Executive Officer Ted Sarandos is planning to visit South Korea, a Seoul-based Netflix official said on Wednesday. Sarandos is expected to meet Prime Minister Han Duck-soo and other key officials during his two-day visit from June 20, news agency Yonhap reported, citing key officials. The Netflix official declined to comment…
By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) said investigators plan to conclude its on-scene investigative work Wednesday from the southwest Virginia crash site of the light plane that caused a security scare on Sunday when it flew over heavily restricted airspace near Washington. Four people including the pilot of the…
(Reuters) -Australia’s Estia Health on Wednesday said it intended to back Bain Capital’s sweetened takeover offer that valued the aged-care provider at A$826.8 million ($552.05 million), sending its shares about 19% higher to a near five-year peak. Under the revised proposal, Bain Capital would offer A$3.20 in cash for every Estia share, which represents a…
SYDNEY (Reuters) – Australia’s economy grew at the weakest pace in 1-1/2 years last quarter as high prices and rising interest rates sapped consumer spending, and emerging signs suggest a further slowdown ahead amid a deceleration in global growth. Data from the Australian Bureau of Statistics on Wednesday showed real gross domestic product (GDP) rose…
By Bharat Gautam and Yana Gaur (Reuters) – Former Fox News host Tucker Carlson released the first episode of his new show on Twitter on Tuesday, weeks after being taken off the air by the network following a damaging defamation lawsuit over false claims of election fraud. In a roughly 10-minute video captioned “Ep.1” he…
By Angus Berwick and Tom Wilson LONDON (Reuters) – Two offshore trading firms controlled by Binance founder and CEO Changpeng Zhao lie at the centre of the Securities and Exchange Commission (SEC) lawsuit launched against the world’s largest crypto exchange, which highlights concerns over client funds. Swiss-registered Sigma Chain received customer funds from Binance, the…
By Jonathan Stempel NEW YORK (Reuters) -New York City on Tuesday sued Hyundai Motor Co and Kia Corp, accusing the South Korean automakers of negligence and creating a public nuisance by selling vehicles that are too easy to steal. The most populous U.S. city joined several other major cities that have sued Hyundai and Kia…
