By Marco Aquino LIMA (Reuters) – Copper miners in Peru, already battling political uncertainty and regular protests, say they have another hurdle to revving up stalled production of the red metal: too much red tape. The South American country, the world’s No. 2 copper producer, has seen output plateau in the last five years as…
By Sakura Murakami and Tim Kelly TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida will join NATO leaders in Lithuania on Tuesday to remind an alliance focused on Ukraine to pay heed to Chinese and Russian activity in Asia, which Japan sees as a threat to global security. Kishida’s second visit to a North Atlantic Treaty…
(Reuters) – National Australia Bank (NAB) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans. “We will be refreshing our existing approach to support eligible refinance customers switch to NAB, who are considered…
By Lewis Jackson SYDNEY (Reuters) – PwC Australia advised Uber and Facebook how to restructure in face of an Australian law clamping down on tax avoidance, but both companies said on Friday they were surprised to find out PwC’s advice may have been based on leaked government plans. The “big four” firm is under pressure…
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – MSCI’s global index of stocks fell on Thursday while Treasury yields rose as a surge in U.S. private payrolls prompted concerns that interest rates would stay higher for longer. Payroll company ADP said June private payrolls rose 497,000, far exceeding economists’ expectations for a 228,000…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for a torrid end to the week on Friday as another spike up in U.S. bond yields and the prospect of interest rates being kept higher for longer triggered waves of…
By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while…
(Reuters) – Pfizer has invested $25 million to buy a minority stake in Caribou Biosciences, making it the latest small biotechnology firm to attract the pharmaceutical giant’s interest. The news lifted shares of Caribou more than 61% in early trade. Pfizer purchased nearly 4.7 million Caribou shares at $5.33 per share, Caribou said on Thursday,…
By Kirsty Needham SYDNEY (Reuters) – An Australian lawyer with a bounty on his head from the Hong Kong authorities, said on Thursday he was being pursued for “exercising my democratic rights” in a crackdown on free speech. Kevin Yam, 47, is one of eight overseas-based activists accused by Hong Kong police of “serious” national…
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google to the national scandal first exposed in January. Citing two sources, Reuters reported on Wednesday that Google had received…