Australia recession risk heightens after RBA warns of bumpy path to low inflation
By Stella Qiu SYDNEY (Reuters) – The risk of Australia’s economy slipping into recession has risen sharply, after the central…
Business
China’s BYD announces new Fang Cheng Bao brand of energy vehicles
BEIJING (Reuters) -BYD announced on Friday a new brand of electric vehicles (EV) ranging from off-road to sports cars as…
Japanese investors plan to sue MUFG unit over Credit Suisse bonds – Nikkei
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including…
US weekly jobless claims race to 1-1/2-year high, economists urge caution
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged to the highest…
Odey’s prime brokers review ties after misconduct allegations -sources
By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management’s prime brokers, including Goldman Sachs…
Amazon, Target modify deliveries in areas with poor air quality
By Arriana McLymore and Deborah Mary Sophia (Reuters) -Amazon.com said on Thursday that it was cutting delivery routes short for…
Commonwealth Bank of Australia puts odds of Australian recession in 2023 at 50%
SYDNEY (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, on Friday put the odds of a recession in…
Biden administration wants Congress to mandate flight delay compensation
By David Shepardson WASHINGTON (Reuters) -The Biden administration has submitted draft legislation to Congress that would mandate airlines pay cash…
Carmaker Toyota to invest $328 million in Mexico hybrid pickup plant
MEXICO CITY (Reuters) -Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of…
Trauma of Japan’s deflation battle keeps BOJ wary of policy shift
By Leika Kihara TOKYO (Reuters) -Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s…