By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a Reuters poll of economists who were divided on when and where rates would peak this year. The Reserve Bank of Australia (RBA) raised rates last…
By Rocky Swift TOKYO (Reuters) – Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy. SoftBank Group Corp rose 4.3% amid speculation its chip unit will…
(Reuters) -Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co, is visiting Taiwan on Friday, a source with direct knowledge of the matter said, after concluding his first trip to China since the beginning of the COVID-19 pandemic. Dimon’s visit to Taipei, where JPMorgan has had a banking presence since 1970, comes…
By Joanna Plucinska and Angelo Amante LONDON/ROME (Reuters) – Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor…
By CarloGiovanni Boffa and Chiara Elisei (Reuters) – Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically sold these perpetual bonds – known as AT1 bonds – with five years before an option to…
VATICAN CITY (Reuters) – A man visiting St. Peter’s Basilica on Thursday stripped off his clothes and stood naked on the church’s main altar in what appeared to be a protest against the war in Ukraine, a Vatican source said. The man had an inscription painted on his back calling for the children of Ukraine…
By Valentyn Ogirenko and Guy Faulconbridge KYIV/MOSCOW (Reuters) – Russia said on Thursday it had repelled more cross-border attacks from Ukraine while its aerial assaults on Kyiv killed another three people including a nine-year-old girl and her mother locked out of an air raid shelter. Both sides are trying to sap morale and weaken military…
By Tim Kelly, Nobuhiro Kubo, Yukiko Toyoda and Kaori Kaneko TOKYO (Reuters) – The United States is seeking to secure supplies of TNT in Japan for 155mm artillery shells, as Washington rushes weapons and ammunition to Ukraine for a counteroffensive against Russian forces, two people familiar with the matter told Reuters. For war-renouncing Japan, any…
By Tommy Wilkes LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero Insurance Alliance (NZIA), formed in 2019 to get insurers to…
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” firm reels from a national scandal over its use of confidential government tax plans to drum up work with global clients. The roughly A$290 billion ($196.71 billion) fund, AustralianSuper, has…
