LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations eased, according to a survey that will feed into the Bank of England’s next debate about how high it needs to raise interest rates. Public expectations for inflation in 12 months’ time increased to 5.0% in June…
(Reuters) – Apple Inc became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve. The iPhone maker’s advance was among the most eye catching in…
By Harish Sridharan and Sybille de La Hamaide (Reuters) -United Malt Group Ltd said on Monday it agreed to a A$1.5 billion ($999 million) takeover offer from Malteries Soufflet, a branch of French agribusiness InVivo, in a deal aimed at building the world’s top malt producer. The move will allow Malteries Soufflet to expand its…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia has fired eight partners as part of an internal investigation into the leak of confidential government tax plans by another former partner, the firm said on Monday. The eight partners, who have left or are in the process of leaving, include former CEO Tom Seymour, who resigned in…
BEIJING (Reuters) – China’s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) eased to 50.5 in June from 50.9 in May, indicating a marginal expansion in activity….
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 46.5 from 47.1 in May, its lowest reading this year and one of the weakest…
(Corrects attribution in paragraph 5 to Zip’s ANZ CEO from Director for investor relations) (Reuters) -Australian buy-now-pay-later firm Zip Co is further streamlining its operations and cost base following a recent review, a company official told Reuters on Monday. The move comes as sector grapples with increased regulatory scrutiny and falling valuations amid reduced customer…
TOKYO (Reuters) -Japan’s government raked in record tax income last fiscal year, the finance ministry said on Monday, which could help Prime Minister Fumio Kishida’s ruling party forego the politically unpopular tax hikes needed to boost defence spending. Government accounts showed Japan raised 71.1 trillion yen ($491.53 billion) in tax for the fiscal year that…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday. Yellen’s long-anticipated trip is part of a push by…
(Reuters) -UBS Group AG is aiming to avoid using a $10 billion backstop for Credit Suisse amid a backlash, the Financial Times reported on Sunday. UBS executives are hoping to announce that the bank will not call on the government backstop when it publishes its second-quarter results on Aug. 31, the report added. UBS declined…
