By Lewis Jackson SYDNEY (Reuters) -An Australian real estate investment trust (REIT) has limited how much investors can withdraw from one of its largest office funds citing challenging property conditions, in the latest sign of trouble for the embattled commercial property sector. Investors in the unlisted A$2.5 billion ($1.72 billion) Charter Hall Direct PFA Fund…
By Michelle Nichols UNITED NATIONS (Reuters) -North Korea’s launch of an intercontinental ballistic missile (ICBM) was an exercise of its right to self-defense “to deter dangerous military moves of hostile forces and safeguard the security of our state,” the country’s U.N. envoy told the Security Council on Thursday during a rare appearance. The 15-member Security…
A look at the day ahead in U.S. and global markets from Mike Dolan Flush with hope that impressive disinflation will allow the Federal Reserve to end its rate-hike campaign this month, world markets now navigate a second-quarter corporate earnings season which the big U.S. banks kick off in earnest on Friday. JPMorgan, Citigroup, Wells…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) announced details on Friday of how it will conduct Governor Kazuo Ueda’s flagship review of its past unconventional monetary easing steps, which include a plan to conduct the first workshop in December. The December workshop will discuss themes such as monetary policy, financial system…
By Wayne Cole SYDNEY (Reuters) – Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job amid a public backlash over steeply rising interest rates. Australian Treasurer Jim Chalmers and Prime Minister Anthony Albanese on Friday announced Michele Bullock would head…
By Edward McAllister DAKAR (Reuters) – Families of 20 Gambian children who died after consuming cough syrups made in India will take their government to court this month for allegedly mishandling drug imports – a rare step in one of Africa’s poorest countries, where few have the means to challenge authorities. The parents’ allegations and…
By Lucy Papachristou (Reuters) – A sweeping Russian draft law to ban legally or medically changing gender was approved by the lower house of parliament on Friday in its final reading, part of a crackdown against LGBT rights under President Vladimir Putin. The bill would bar Russians from changing their gender on official identity documents,…
JAKARTA (Reuters) – United States’ Secretary of State Antony Blinken on Friday called for stability in the Indo-Pacific region and urged the world to work together to end threatening behaviour by North Korea after its latest missile launch. In broad remarks made after a bilateral meeting with his Indonesian counterpart Retno Marsudi in Jakarta, he…
By Lucy Craymer WELLINGTON (Reuters) – Members of a major trans-Pacific trade pact meeting in Auckland on Sunday are set to discuss applications by China and Taiwan to join the group, proposals that have deepened the rancour among the neighbours and divided the opinions of member-nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)…
By Byron Kaye SYDNEY (Reuters) – National Australia Bank (NAB), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the world’s first to give private-sector staff legal protection for remote work. As part of a broader deal that guarantees pay rises for 80% of the…
