By James Pomfret and Engen Tham HONG KONG/SHANGHAI (Reuters) – Some Hong Kong-based staff with U.S. consultancy Mintz Group have left the city after the firm’s Beijing office was raided by Chinese police in March, according to two sources with direct knowledge of the matter. Investigations by Chinese authorities into Mintz, as well as U.S….
By Kevin Buckland TOKYO (Reuters) – Japan’s stock benchmark rallied on Friday to the highest since August 1990, the country’s “bubble” era, driven by a confluence of positive factors from strong earnings to an economy showing signs of revving up and optimism over a U.S. debt ceiling deal. The Nikkei benchmark index jumped as high…
By David Lawder WASHINGTON (Reuters) -The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations will…
By Sinead Cruise LONDON (Reuters) – A dearth of deals, banking sector ructions and most recently the aftershocks of the demise of Credit Suisse have rapidly redrawn the European financial services industry jobs map this year. One example is banks in the region opportunistically targeting high-flyers affected by the impending takeover of Switzerland’s second largest…
By Lucy Craymer WELLINGTON (Reuters) – A 48-year-old homeless man appeared in New Zealand court on Friday on two charges of arson as police found a fifth body in the burnt out remains of a hostel in the capital Wellington. A blaze broke out on the top floor of the Loafers Lodge in the suburb of Newtown…
By Joice Alves LONDON (Reuters) – Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging inflation and rising interest rates. But European stocks are down from a 14-month high in April, as investors worry about the health of the global economy, falling customer demand and…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2% target in April and a key index stripping away the effects of fuel hit a fresh four-decade high, keeping alive expectations of a tweak to its massive stimulus this year. The reading comes a few days…
By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at avoiding a U.S. default, according to a White House official. Biden received an update on the talks with aides to Republican House of Representatives Speaker Kevin McCarthy on Friday…
By David Shepardson WASHINGTON (Reuters) – Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said on Thursday. In February, the Korean automakers said they would offer software upgrades to 8.3 million U.S….
(Reuters) -Troubled Australian wealth manager AMP Ltd will pay a court-mandated penalty of A$24 million ($16.3 million) for billing dead clients for insurance and financial advice, effectively drawing the curtains to a scandalous saga dating back to 2018. The allegations first came to light when a public inquiry exposed systemic wrongdoing at the company, including…
