By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks could be poised to end a volatile and dramatic week on a strong note on Friday, especially tech, lifted by the Nasdaq’s best day in three weeks on Thursday and hope that U.S. lawmakers are close…
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent gold prices to a two-month low on Thursday, as forecast-smashing revenue from chipmaker Nvidia fueled a rally in AI-related companies. Treasury yields were up and the U.S. dollar climbed to its highest level since mid-March….
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve. Weekly initial jobless claims rose by 4,000 last…
By Navya Mittal and Echha Jain (Reuters) -Australia’s Treasury Wine Estates warned on Thursday that inflation was squeezing demand for its commercial-grade wine and driving up packaging costs, sending its shares nearly 8% lower. The country’s biggest winemaker flagged challenging market conditions and consumption outlook for commercial wine, especially in Australia and the United Kingdom,…
By Lewis Jackson and Renju Jose SYDNEY (Reuters) -PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday. The accounting firm is embroiled in a national scandal over its use of confidential information about…
By Melanie Burton MELBOURNE (Reuters) – Western Australia state has agreed to compensate an Aboriginal group for historic acts including issuing mining leases on their traditional lands, setting a precedent that is set to allow Indigenous groups a greater say in future developments. The state has been strengthening its laws to protect Indigenous cultural heritage…
By Alasdair Pal SYDNEY (Reuters) – The family of a 95-year-old woman who died after being tasered by police in Australia paid tribute to her on Thursday, as the premier of the state where the incident occurred expressed confidence in its police force. Clare Nowland, who had dementia, died in hospital on Wednesday, police in…
WELLINGTON (Reuters) – The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said. Payments NZ, which manages New Zealand’s core payment clearing systems said in a statement that from Friday, electronic bank payments made on public holidays…
By Lucy Craymer WELLINGTON (Reuters) -The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness of interest rates at the present point. “They (interest rates) are well above what we would consider neutral, are constraining spending and investment,” Orr told the New Zealand government…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks of South Korea and Indonesia announce interest rate decisions on Thursday, against a backdrop of growing nervousness across world markets that the U.S. could be sleepwalking to an unprecedented and catastrophic default. Bank of Korea…
