By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved in the leak of confidential government tax plans in an unpublished letter to lawmakers ahead of parliamentary hearings later this week. PwC, one of the world’s “big four” audit and advisory firms, is battling to…
(Reuters) -The hefty weight of tech megacaps, a suspense-packed OPEC meeting at the weekend and more pain for consumers and businesses Down Under – these are just some of the topics preoccupying markets as they approach the halfway point of 2023. Here’s a look at the week ahead in markets from Kevin Buckland in Tokyo;…
(Reuters) – Activity across Russia’s services sector expanded in May, spurred by another rise in new business and renewed strength in foreign markets, a business survey showed on Monday, leading firms to increase hiring. The S&P Global Purchasing Managers’ Index (PMI) for Russian services dropped to 54.3 in May from 55.9 a month earlier, but…
(Reuters) – Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical device designer Biocorp. The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp’s main shareholder, for the purchase of its over 45% stake in the French company at a…
OSLO (Reuters) – Goldman Sachs Asset Management (GSAM) has offered 6.6 billion Norwegian crowns ($598.8 million) in cash to buy Norwegian aquaculture service group Froy, the two companies said in a statement on Monday. GSAM said it had reached a deal to buy a 72% stake in Froy from a unit of salmon farmer Salmar…
PARIS (Reuters) – U.S. investment bank Morgan Stanley said on Monday that it expected the European Central Bank (ECB) to end its interest-rate hiking cycle in July at 3.75%. “We see the ECB ending its hiking cycle in July at 3.75%. Fiscal policy remains supportive,” it wrote in a research note. (Reporting by Sudip Kar-Gupta;…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s annual inflation rate eased to 4% in May, matching the upper end of the central bank’s target range earlier than expected, data from the statistics bureau showed on Monday. Inflation in Southeast Asia’s largest economy had been above Bank Indonesia’s (BI) 2% to 4% target…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline. The dollar is up 2.5% from its recent low against a basket of currencies and stands near its highest level since March. The nascent rally has defied expectations…
ZURICH(Reuters) – UBS Group takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, is set to become official as early as June 12, the bank said on Monday. The closing of the tie-up marks the final chapter for the 167-year old institution after years of scandals and missteps…
A look at the day ahead in European and global markets from Kevin Buckland: All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia’s Pepperstone, called Friday’s U.S. payrolls report a “nirvana” of strong job creation and weaker wage growth,…
