By Farah Master HONG KONG (Reuters) -Cathay Pacific needs to address staff and resource shortages and raise pay to boost morale, its flight attendant union said, after three staff were fired for allegedly mocking passengers who could not speak English. A passenger on the CX987 flight from the southwestern Chinese city of Chengdu to Hong…
HANOI (Reuters) – Vietnamese electric vehicle maker VinFast is recalling all of its first batch of vehicles it shipped to the United States following a security warning issued by the U.S. National Highway Traffic Safety Administration. In a statement the NHTS said VinFast was recalling 999 VF8 models because of a software error in the…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares stumbled to a two-month low on Thursday, and the dollar rose as the impasse in negotiations to raise the debt ceiling undermined risky assets on worries about the hit to the global economy if the U.S. government defaults. MSCI’s broadest index of Asia-Pacific shares outside Japan fell…
By Laura Sanicola and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Brent crude futures eased 1 cent to $78.35 a barrel by 04290 GMT. U.S. West Texas Intermediate crude (WTI)…
(Reuters) -Ratings agency Fitch put the United States’ credit on watch for a possible downgrade on Wednesday, raising the stakes as talks over the country’s debt ceiling go down to the wire, and adding to the jitters in global markets. Fitch put the country’s “AAA” rating, its highest rank, on a negative watch in a…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares fell to a two-month low on Thursday, and the U.S. dollar rose as the impasse in negotiations to raise the U.S. debt ceiling kept investors wary of risky assets due to the hit the global economy will take if the U.S. government defaults. MSCI’s broadest index of…
SYDNEY (Reuters) – Australia said on Thursday it cannot cancel existing contracts with auditor PricewaterhouseCoopers (PwC), which is embroiled in a scandal involving leaking confidential government tax plans to corporate clients, due to legal constraints. This comes as lawmakers have called for the cancellation of PwC Australia’s existing government contracts and a ban on it…
By Laura Sanicola (Reuters) – Oil prices fell in early Asian trading on Thursday after uncertainty that the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Brent crude futures slipped 5 cents, or 0.1%, to $78.31 a barrel by 0042 GMT. U.S. West Texas Intermediate crude (WTI)…
(Reuters) -Singapore Telecommunications on Thursday posted a 14% jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as rising 5G adoption. SingTel also recorded robust mobile growth and price lifts supported by increased demand for information technology and communication services. Southeast Asia’s largest telecom…
By Jonathan Stempel NEW YORK (Reuters) – A New York state judge on Wednesday dismissed a lawsuit accusing Apollo Global Management Inc billionaire co-founder Leon Black of defaming a woman by falsely claiming she tried to extort him after accusing him of rape. Justice David Cohen said the accuser, Guzel Ganieva, could not pursue her…
