By Hilary Russ and Caroline Valetkevitch (Reuters) – Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers at several U.S. cafes removed rainbow flags and decorations supporting LGBTQ+ Pride month. About a dozen Starbucks workers picketed outside New York’s Astor Place…
By Florence Tan SINGAPORE (Reuters) – Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers. Brent crude futures rose 95 cents, or 1.3%, to…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will not rule out any options available to respond appropriately to excessive currency moves, its top currency diplomat Masato Kanda said on Monday, stepping up warnings against recent yen weakening that was “rapid and one-sided.” The vice finance minister for international affairs also told reporters that currencies should move…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday kick off what looks like a pretty light week for regional economic, policy and corporate drivers, with all eyes on how investors react to the extraordinary events in Russia over the…
(Reuters) – A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another $750 million could be…
(Reuters) – Law-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday. Retail companies including Kroger, Walmart and Amazon’s Whole Foods Market, among others, have received bomb threats at their stores in recent months, the report…
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia on Sunday entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm through the fallout from a national scandal. The scandal, which broke in January, revolves around a…
SYDNEY (Reuters) – PwC Australia said on Sunday it will sell its government practice to private equity firm Allegro Funds and appoint a new CEO, as the professional services firm battles the fall out from a major scandal. The scandal, which broke in January, revolves around a former PwC tax partner who had been advising…
NEW YORK/LONDON (Reuters) – Some investors were watching for ripple effects from an aborted mutiny in Russia on Saturday, expecting a move into safe havens such as U.S. government bonds and the dollar when markets open later on Sunday. Heavily armed Russian mercenaries led by Yevgeny Prigozhin, a former ally of President Vladimir Putin and…
