Dollar drifts higher as US debt ceiling in spotlight
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction,…
Australia
Australian luxury wine to China will take years to rebuild – Treasury
SYDNEY (Reuters) – Chinese wine sales will not return to the same level for Australia’s Treasury Wine Estate even if…
Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by…
Analysis-Australian banks’ bid to shake mortgage reliance brings new risks
By Byron Kaye SYDNEY (Reuters) – Australia’s big banks are pivoting to what analysts say could be a risky fight…
US defence pact to strengthen military, police -PNG leader
By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea Prime Minister James Marape said that the United States had been…
New Zealand set to reveal bigger deficit in ‘no frills’ 2023-24 budget
By Lucy Craymer WELLINGTON (Reuters) – New Zealand Labour government is set to reveal a worse budget bottom line and…
Wall Street advances, Treasury yields rise as debt-ceiling debate rolls along
By Stephen Culp NEW YORK (Reuters) – U.S. stocks slouched to a higher close on Monday, and benchmark Treasury yields…
Australia’s central bank hiked in May due to inflation risks, more raises may be required
SYDNEY(Reuters) – Australia’s central bank decided to hike at its May meeting due to inflation risks from weak productivity growth,…
Australian consumer mood bleak in May after surprise rate hike, budget
SYDNEY (Reuters) -A measure of Australian consumer sentiment fell in May after a surprise hike in interest rates by the…
Buffett sheds stake in TSMC, while Macquarie, Fidelity buy shares -filings
By Carolina Mandl (Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of…