(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose on Friday after May’s non-farm payrolls report showed employment numbers surged, while traders weighed the merits of the U.S. Federal Reserve possibly skipping a rate…
By Joe Brock and Kanupriya Kapoor SINGAPORE (Reuters) -Australian Prime Minister Anthony Albanese on Friday called for greater engagement between the United States and China, saying a breakdown in dialogue between the superpowers could have devastating consequences for the world. The relationship between the United States and China is at its lowest point in decades,…
By Jessie Pang and Laurie Chen HONG KONG/BEIJING (Reuters) -As restrictions in Hong Kong have snuffed out what were once the largest vigils marking the 1989 Tiananmen Square crackdown, cities like London, New York, Berlin and Taipei are left carrying the candle to commemorate the June 4 anniversary. Tens of thousands of people have left…
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week. The influential International Air Transport Association (IATA) holds its annual meeting on June…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a Reuters poll of economists who were divided on when and where rates would peak this year. The Reserve Bank of Australia (RBA) raised rates last…
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” firm reels from a national scandal over its use of confidential government tax plans to drum up work with global clients. The roughly A$290 billion ($196.71 billion) fund, AustralianSuper, has…
By Stella Qiu SYDNEY (Reuters) -Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on…
By Kirsty Needham SYDNEY (Reuters) – Bank of China chairman Ge Haijiao has travelled to Papua New Guinea (PNG) as the world’s fourth-largest bank seeks an operating licence in the Pacific Islands nation, which is seeking to boost China trade while expanding U.S. defence ties. U.S. Secretary of State Antony Blinken last week travelled to…
SYDNEY (Reuters) – Australia said on Thursday it planned to regulate artificial intelligence (AI) including a potential ban on deep fakes and realistic-looking but false content, amid concerns the technology could be misused. The move comes on the heels of a meeting of top AI executives earlier this week when they raised the “risk of…
(Reuters) – Australian No. 2 supermarket chain Coles Group Ltd said on Friday it would take an additional provision of A$25 million ($16.96 million) to compensate underpaid salaried employees. Coles said in a statement that it intends to conduct a further remediation on the available records of days and hours of work of its salaried…