By Tom Westbrook SINGAPORE (Reuters) – A surprisingly large rate rise in Australia weighed on shaky Asian stocks on Tuesday and pushed the yen to a fresh 20-year low, making investors even more nervous ahead of U.S. inflation data and central bank meetings in Europe and the United States. The Reserve Bank of Australia raised…
By Sam Nussey TOKYO (Reuters) -Nobuyuki Idei, the urbane former chief executive of Sony Group Corp, who spearheaded the Japanese conglomerate’s push into content but missed the shift to MP3s that led to the iPod, died on June 2, the company said on Tuesday. Idei, who was 84, took the helm in 1995 to drive…
SYDNEY (Reuters) – Australia’s central bank raised its key cash rate by a surprisingly large 50 basis points to 0.85% on Tuesday and signaled yet more tightening would be needed as it battles to restrain surging inflation. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) said that given current inflation pressures…
By Simon Jessop LONDON (Reuters) – The pay gap between workers and CEOs at 300 publicly listed U.S. companies with the lowest median wage jumped in 2021, a study from the Institute for Policy Studies https://ips-dc.org (IPS) showed on Tuesday. The average gap was 670 to 1, up from 604 to 1 in the prior…
TOKYO (Reuters) – Sony Group Corp said on Tuesday its former chief executive, Nobuyuki Idei, died of liver failure on June 2, aged 84. Idei became president of Sony in 1995, chief executive in 1998 and was chairman and chief executive from 2000 to 2005. (Reporting by Sam Nussey; Editing by Clarence Fernandez)
TOKYO (Reuters) – Sony Group Corp on Tuesday said its former CEO Nobuyuki Idei died on June 2 at the age of 84. (Reporting by Sam Nussey; Editing by Tom Hogue)
BEIJING (Reuters) -The Universal Beijing Resort said on Tuesday it will reopen on June 15 after being closed more than a month to comply with China’s COVID-19 prevention measures, but it will cap the number of visitors at no more than 75% of capacity. The resort, which includes a retail district, two hotels and the…
(Reuters) – U.S.-based Jane Street Global Trading has sued the London Metal Exchange for $15.3 million following the cancellation of nickel trades in March – the second such legal claim it has faced this week. The LME, which is owned by Hong Kong Exchanges and Clearing, is being probed by regulators after it suspended activity…
By Kevin Buckland TOKYO (Reuters) – The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen, as worries about persistent inflation pushed up U.S. bond yields. The greenback also edged higher versus the euro, sterling and Swiss franc. It crept up, too, versus the Australian dollar,…
(Reuters) -Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday. The bid of $60 per share constitutes a premium to Kohl’s closing price of $42.12 on Monday, giving it a…
