By Kane Wu and Abigail Summerville HONG KONG/NEW YORK (Reuters) – U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest from the country in recent years. The company has hired…
By Soo-hyang Choi and Josh Smith SEOUL (Reuters) -North Korea has concluded that U.S. soldier Travis King wants refuge there or elsewhere because of “inhuman maltreatment and racial discrimination” in the U.S. and the military, state media said on Wednesday. It was the North’s first public acknowledgement of the army private’s crossing from South Korea…
By Summer Zhen HONG KONG (Reuters) – Money continued to flow out of Asian hedge funds in the first half of 2023 as a disappointing China recovery and resilient stock markets outside the region pulled investors away. Funds headquartered in Asia Pacific recorded a net asset outflow of $3.7 billion in the first half, the…
(Reuters) – Alphabet’s health science unit is planning additional expense cuts after losing more money than expected so far this year, the Wall Street Journal reported on Wednesday, citing an internal presentation. Verily Life Sciences posted wider-than-expected operating losses through June, missing its projections by $17 million, the report said. Last year, operating losses totaled…
By Jonathan Allen LAHAINA, Hawaii (Reuters) -Maui’s emergency management chief on Wednesday defended his agency’s decision against sounding sirens during last week’s deadly wildfire amid questions about whether doing so might have saved lives. Herman Andaya, administrator of the Maui County Emergency Management Agency, said sirens in Hawaii are used to alert people to tsunamis….
A look at the day ahead in European and global markets from Ankur Banerjee It has been a tough week in Asia as market jitters around China show no signs of easing. Underwhelming economic data, along with the ever-deepening property crisis, have unnerved investors and taken Asian stocks to their lowest since November. Missed payments…
By Lewis Jackson and Alasdair Pal SYDNEY (Reuters) – Woodside Energy and Chevron said on Thursday there were no updates on wage disputes at some of Australia’s largest liquefied natural gas (LNG) facilities, as the unions involved in talks filed a safety complaint against Woodside. Woodside’s North West Shelf and Chevron’s Gorgon and Wheatstone Australian…
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…
