By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose against the rouble on Monday, although it had pulled back from the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country’s top currency diplomat. After last being seen on Saturday night, the leader…
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm. Here is what you need…
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia is under fire after a former partner leaked confidential government tax plans between 2014 and 2017 which were then used to drum up work with multinational companies hoping to sidestep new rules. Acting Chief Executive Kristin Stubbins told state parliament on Monday there would be “severe”…
By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face “severe” consequences, acting chief executive Kristin Stubbins told a state parliament inquiry on Monday. In her first public appearance since her predecessor resigned over his involvement in the…
By Melanie Burton and Harish Sridharan MELBOURNE (Reuters) – Element 25 Ltd said on Monday it will supply manganese sulphate to General Motors as the automaker looks to secure supply of battery minerals for its North American electric vehicles, sending the miner’s shares up more than 20%. The deal is the second by General Motors…
VIENNA (Reuters) – Cocaine demand and supply are booming worldwide and methamphetamine trafficking is expanding beyond established markets, including in Afghanistan where the drug is now being produced, a United Nations report said on Sunday. Coca bush cultivation and total cocaine production were at record highs in 2021, the most recent year for which data…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia on Sunday entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm through the fallout from a national scandal. The scandal, which broke in January, revolves around a…
SYDNEY (Reuters) – Australia has imposed financial sanctions and travel bans on three men involved in the downing of Malaysia Airlines Flight 17 (MH17) over Ukraine in 2014, Foreign Minister Penny Wong said on Saturday. MH17 was shot down by a Russian BUK missile system as it flew over eastern Ukraine from Amsterdam to Kuala…
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the U.S. dollar rose on Friday as investors digested comments from Federal Reserve officials that signalled further interest rate hikes ahead. Major U.S. stock indexes posted losses for the week, with the Nasdaq snapping an eight-week winning streak. The S&P 500 ended a…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central banks added to pressure on riskier currencies. U.S. business activity fell to a three-month low in June as services growth eased for…
