By Melanie Burton BRISBANE (Reuters) -Australia’s critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP’s CEO said on Tuesday. BHP CEO Mike Henry’s comments came a week after Australia, one of…
By Iain Withers and Chiara Elisei LONDON (Reuters) – HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one of the most visible examples yet of an office downsizing trend that’s rocking commercial real estate markets globally. Europe’s largest bank told staff on Monday…
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a “long pause” in raising interest rates steady as inflation is expected to ebb. The bank held its key policy rate steady at 6.25% for a second straight meeting on Thursday. “I think…
By Andrew Gray BRUSSELS (Reuters) – Ukraine’s work with allies to build broad international support for a peace blueprint has made progress but any summit to endorse a document is at least months away, officials said. Senior officials from Ukraine, G7 countries, the European Union and nations such as Brazil, India, Saudi Arabia, South Africa…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation and ‘higher for longer’ interest rates globally more than fallout from the brief uprising by Russian mercenaries against the…
By Ismail Shakil OTTAWA (Reuters) -The aborted mutiny in Russia is an internal issue for Moscow and speculation over it could prove counterproductive, Canadian Prime Minister Justin Trudeau said on Monday, joining Western allies in taking a wait-and-see approach to a revolt that has sown doubt over President Vladimir Putin’s grip on Russia. Senior Russian…
ISLAMABAD (Reuters) -Pakistan’s foreign ministry on Monday summoned the U.S. embassy’s deputy chief of mission to express concern over a statement last week by U.S. President Joe Biden and Indian Prime Minister Narendra Modi that called on Pakistan to ensure its territory was not used as a base for militant attacks. The statement from the…
(Reuters) -Russian President Vladimir Putin made a defiant televised address on Monday evening, saying he had deliberately let Saturday’s 24-hour mutiny by the Wagner militia go on as long as it did to avoid bloodshed, and that it had reinforced national unity. The statement, his first on the issue since he spoke on Saturday promising…
AMSTERDAM (Reuters) – Dutch computer chip equipment maker ASML may refuse job applicants on the basis of their nationality when required to do so by U.S. export rules, a Dutch human rights body has found. The decision by the Netherlands’ Institute for Human Rights affirmed that ASML may reject job applicants from Iran, Syria, Cuba…
