MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont. But another alternative for Newcrest would be lifting its value through sale of assets, analysts said. Newmont,…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank of Australia (RBA) also dropped previous guidance…
By Rae Wee SINGAPORE (Reuters) – The dollar eased on Tuesday from its rally at the start of the week, but hovered near a one-month peak as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation. The Australian dollar, meanwhile, surged in the aftermath of the Reserve Bank of…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a bigger interest rate hike to tame prices when it meets this month. The consumer price index (CPI)…
By Scott Murdoch SYDNEY (Reuters) – Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies. MSCI’s broadest index of Asia-Pacific shares outside Japan bounced slightly 0.4%, after…
By Rae Wee SINGAPORE (Reuters) – The dollar hovered near a one-month peak on Tuesday as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation, as a stubbornly resilient labour market remains largely immune to aggressive rate hikes. Markets were still reeling from the shock of Friday’s jobs report,…
By Noor Zainab Hussain, Mike Spector and Jessica DiNapoli (Reuters) -Bed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy. The home goods retailer said in securities filings that if it can’t complete…
(Reuters) – AMC Entertainment Holdings will start selling tickets at different prices based on the location of the seat in a auditorium, the theater chain operator said on Monday. Theater chain operators across the world are struggling to keep their businesses running, as the pandemic has reduced footfalls. The trend of online streaming has further…
By Clara Denina, Melanie Burton and Divya Rajagopal (Reuters) -U.S.-based Newmont Corp is open to slightly increasing its $16.9 billion offer for Newcrest Mining Ltd, according to a source familiar with management’s thinking, amid concerns its current bid is too low after recent leadership changes at the Australian company. Already the world’s largest gold producer…
By Jeffrey Dastin (Reuters) -Google owner Alphabet Inc on Monday said it will launch a chatbot service and more artificial intelligence for its search engine as well as developers, an answer to Microsoft Corp in their rivalry to lead a new wave of computing. Microsoft, meanwhile, said it planned its own AI reveal for Tuesday….
