By Herbert Lash NEW YORK (Reuters) -The dollar hit a fresh two-month high against a basket of peers on Wednesday, bolstered by recent signs of a resilient U.S. economy, while unease over U.S. debt ceiling talks kept investors moving to safe havens. The dollar is not seen posing an immediate risk, unlike certain Treasury securities,…
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks dragged on without resolution, stoking a general malaise in markets that saw safe-haven assets such as the dollar hold around recent highs. But crude oil prices bucked the downtrend and kept rising, after a warning…
By Lewis Jackson SYDNEY (Reuters) -The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday. The government, a PwC Australia client, has accused the firm of using confidential information about new anti-tax avoidance measures to win more business,…
By Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese met Narendra Modi, his Indian counterpart, in Sydney on Wednesday to discuss regional security and economic ties and signed a migration deal to boost Indian student and business travel to Australia. The two leaders also discussed the impact of Russia’s conflict with Ukraine on developing…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An expected interest rate hike in New Zealand will be the main regional focus for Asian and Pacific markets on Wednesday, as another day without agreement in Washington over the U.S. debt ceiling looks certain to sour global…
By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil…
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another round of…
By Lucila Sigal BUENOS AIRES (Reuters) – Australian-based lithium miner Allkem Ltd, set for a $10.6 billion merger with U.S.-based Livent Corp, sees “enormous” opportunity in Argentina, a top executive said on Tuesday. Speaking at a mining event in Buenos Aires, Chief Sustainability and External Affairs Officer Karen Vizental said Argentina’s strong pipeline of lithium…
By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea (PNG) will not be used as a base for “war to be launched”, and a defence agreement with the United States prohibited “offensive military operations”, its prime minister said on Tuesday. U.S. Secretary of State Antony Blinken said on Monday a defence cooperation deal signed with…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Creeping optimism that a deal will be reached over the U.S. debt ceiling standoff looks to be just about enough to sustain investors’ risk appetite, although Asian markets on Tuesday could be vulnerable to a reversal. Flash purchasing…
