By Byron Kaye and Himanshi Akhand (Reuters) -Australia’s competition regulator on Friday blocked a A$4.9 billion ($3.2 billion) buyout planned by No.4 bank ANZ Group of insurer Suncorp’s banking arm, setting the scene for a drawn-out legal challenge. The Australian Competition and Consumer Commission (ACCC) said it was concerned a tie-up between the financial firms…
By Devayani Sathyan BENGALURU (Reuters) – Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter of 2021, due to weakening global demand for its exports, according to the median forecast of 22 economists polled by Reuters. On quarter-on-quarter basis, the economy was expected to have…
(This story has been corrected to say Nasdaq fell 0.1%, not gained 0.08%, in the bullet point and paragraph 7) By Echo Wang (Reuters) – U.S. stocks closed little changed on Thursday after a choppy trading session, as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings. The…
(Reuters) – Russian state prosecutors have asked a court to sentence jailed opposition politician Alexei Navalny to a further 20 years in a penal colony on various criminal charges including extremism, with a verdict expected on Friday. Navalny, President Vladimir Putin’s fiercest and most vocal domestic opponent, is already serving sentences totalling 11-1/2 years on…
(Reuters) – Russia’s most prominent opposition leader Alexei Navalny says he expects to see his prison sentence extended by nearly two decades on Friday when a court delivers its verdict on a battery of new charges against him. Who is he and how did he get to this point? OPPOSITION LEADER Navalny, 47, is by…
(Reuters) -Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote…
By Ted Hesson (Reuters) -President Joe Biden’s new regulation restricting asylum access at the U.S.-Mexico border can remain in effect for now, a U.S. appeals court said on Thursday, a short-term win for the Democrat as he grapples with legal challenges to his immigration strategy. The San Francisco-based 9th U.S. Circuit Court of Appeals put…
By Jeffrey Dastin and Chavi Mehta (Reuters) -Amazon.com Inc on Thursday reported sales growth and profit that beat Wall Street’s expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s shares surged 9% on the news, extending its stock market value more than $120 billion…
By Brad Brooks and Kanishka Singh (Reuters) – Six white former Mississippi law enforcement officers pleaded guilty on Thursday to federal civil rights crimes for brutally assaulting two Black men earlier this year, prosecutors said. Federal prosecutors said the six officers sexually and physically assaulted two handcuffed Black men for more than two hours during…
By Lisa Baertlein and Abhirup Roy HUNTINGTON BEACH, California (Reuters) – Electric vehicle (EV) maker Fisker Inc unveiled a pickup truck on Thursday, weeks after starting deliveries of its flagship sport utility vehicle (SUV) and as it tackles persistent supply chain issues. Fisker aims to make a mark in the crowded EV market with lower-priced…
