By Lewis Jackson SYDNEY (Reuters) – HESTA, one of Australia’s largest pension funds, on Wednesday froze work with PricewaterhouseCoopers (PwC) Australia, the latest fund to blacklist the firm amid a national scandal over its misuse of confidential government tax plans. The A$72 billion ($48 billion) fund is “very concerned” and will “restrict consideration of PwC…
By Francesco Guarascio HANOI (Reuters) – The Organisation for Economic Cooperation and Development told Vietnam last week that handouts to big firms to offset higher levies under a global overhaul of tax rules would be problematic, a person familiar with the discussions said. Reuters exclusively reported last week that Vietnam was planning subsidies worth hundreds…
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…
(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…
(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…
CAIRO (Reuters) – Saudi Arabian Crown Prince Mohammed bin Salman and U.S. Secretary of State Antony Blinken met and discussed bilateral relations, the Saudi state news agency SPA reported early on Wednesday. They also discussed “aspects of cooperation in various fields and developments in regional and international situations”, the SPA added. Blinken arrived in Saudi…
By Libby George and Jorgelina do Rosario LONDON (Reuters) – The global sovereign debt roundtable will meet on Friday to focus on technical talks aimed at discussing issues such as arrears and comparability of treatment for countries in default, two sources with direct knowledge of the matter told Reuters. This would be the third encounter…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade figures for May top the Asia-Pacific economic data and events calendar on Wednesday with investors keen to see whether April’s shock slump in imports is repeated, which will offer clues on the health – or otherwise…
By Luc Cohen NEW YORK (Reuters) – The exiled Chinese businessman Guo Wengui will face trial starting April 8, 2024 on U.S. charges of leading a more than $1 billion fraud. U.S. District Judge Analisa Torres set the date at a Tuesday hearing in Manhattan federal court. Guo is a prominent critic of China’s Communist…
WASHINGTON (Reuters) – Thailand is in a “delicate phase” after its election last month and the U.S. goal is to support an “effective, stable, democratic government” there, the top U.S. official for the Indo-Pacific region said on Tuesday. “We’ve watched carefully the election,” White House Indo-Pacific Coordinator Kurt Campbell told the Hudson Institute think tank….
