By Wayne Cole SYDNEY (Reuters) -Australia employment unexpectedly fell in July to end two months of very strong growth, while the jobless rate ticked higher in a sign the drum-tight labour market might finally be loosening. The softer reading stoked speculation the Reserve Bank of Australia (RBA) might be done hiking interest rates and dragged…
By Rishav Chatterjee (Reuters) -ANZ Group Holdings said on Thursday late mortgage repayments edged up in the June quarter but were still below historical levels, and the Australian lender logged higher customer deposits. The country’s fourth-largest bank mirrors trends seen at its other large lenders which are all dealing with rising financial stress among mortgage…
By Poonam Behura (Reuters) -Australia’s Telstra shelved plans on Thursday to sell a stake in its physical infrastructure unit, sending its shares about 2.5% lower, even as the telecom firm forecast higher underlying core earnings after a 14% jump in fiscal 2023 profit. The country’s largest telecoms firm decided against selling a stake in InfraCo…
By Anton Bridge TOKYO (Reuters) – About 40% of Japanese firms expect the central bank’s recent policy adjustment to have an impact on their fundraising, a Reuters survey showed, highlighting Japan Inc’s sensitivity to any changes in policy after years of massive easing. Signs the Bank of Japan may be gearing up to exit its…
(Reuters) -Paramount Global dropped its plans to sell a majority stake in BET Media Group, which includes the VH1 and BET cable networks and BET+ streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company notified bidders on Wednesday that it decided to end the sale process as…
(Reuters) – Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income. In the three-month period to June, net profit reached 166.2 billion pesos ($40.6 million). Meanwhile, the conglomerate saw interest income soar 70%…
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – U.S President Joe Biden on Wednesday used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to a public that remains largely unaware of its contents. The wide-ranging law provides billions of dollars in tax credits…
By Tim Cocks JOHANNESBURG (Reuters) – BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West’s dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant…
By Elida Moreno and Marianna Parraga PANAMA CITY (Reuters) – The Panama Canal Authority on Wednesday notified shippers it is extending through Sept. 2 restrictions for vessels to transit through the waterway and keeping the number of vessels authorized to pass per day to a maximum of 32. The Canal restrictions, implemented in recent months…
By Jaspreet Singh and Max A. Cherney (Reuters) – Chip design software company Synopsys on Wednesday named 25-year-veteran Sassine Ghazi as its CEO and president, and forecast better-than-expected fourth-quarter results as artificial intelligence (AI) innovations fuel demand for custom semiconductor design. The company said Ghazi, who brings with him decades of chip design and applications…