By Timothy Aeppel (Reuters) – The price of the steel Glen Calder buys for his small machinery factory in South Carolina has spiked over 15% in the last two weeks, while Brian Nelson’s factory halfway across the country in Illinois can’t get its suppliers to quote him current prices at all. “They’re waiting for the …
US manufacturers see higher metal prices as tariffs near Read More »
BANGKOK (Reuters) – Car production in Thailand fell a surprisingly large 24.63% in January from a year earlier to 107,103 units due to weak domestic sales and exports, the Federation of Thai Industries said on Monday. Thailand is Southeast Asia’s biggest autos production centre and an export base for some of the world’s top automakers, …
Thai car production slumps 24.63% in January as sales, exports fall Read More »
(Reuters) -Australia’s corporate regulator said on Monday it fined two former Star Entertainment executives a combined A$240,000 ($153,096) and disqualified them from managing any companies after they admitted to breaches of duty while at the casino operator. The Australian Securities and Investment Commission (ASIC) said it fined Star’s former chief financial officer (CFO), Harry Theodore, …
Australian regulator fines two ex-Star Entertainment executives for breach of duty Read More »
By Scott Murdoch SYDNEY (Reuters) -Australia’s Perpetual Ltd has terminated talks with KKR for the A$2.2 billion ($1.4 billion) sale of its wealth management and corporate trust units and said it would pursue a sale of its wealth management business separately. Shares of Perpetual fell nearly 4% on Monday, underperforming the broader S&P/ASX200 index, which …
Australia’s Perpetual ends talks with KKR on $1.4 billion sale of wealth, trust units Read More »
(Reuters) – Shares of top Australian banks took a breather on Monday, after a sharp sell-off over the past eight sessions wiped off more than A$63 billion ($40 billion) from their market value. Shares of the “Big Four” banks logged unprecedented growth last year on strong flows from superannuation funds and retail investors, pushing them …
Shares of Australia’s major banks take a breather after $40 billion wipe off Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian stocks are set to open on the defensive on Monday, taking the baton from a bruised Wall Street on Friday as worries over the U.S. economy and new tariff threats form President Donald Trump cast a cloud over world markets. …
Morning Bid: US growth fears compound tariff nerves Read More »
By Renju Jose SYDNEY (Reuters) – Australia’s online safety regulator on Monday fined messaging platform Telegram about A$1 million ($640,000) for its delay in answering questions about measures the app took to prevent the spread of child abuse and violent extremist material. The eSafety Commission in March 2024 sought responses from social media platforms YouTube, …
Australia fines Telegram for delay in answering child abuse, terror questions Read More »
By Foo Yun Chee BRUSSELS (Reuters) – U.S. House Judiciary Chair Jim Jordan on Sunday demanded EU antitrust chief Teresa Ribera clarify how she enforces the European Union’s rules reining in Big Tech, saying they appear to target U.S. companies. The request came two days after U.S. President Donald Trump signed a memorandum warning that …
US demands EU antitrust chief clarify rules reining in Big Tech Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s opposition conservatives CDU/CSU won the national election on Sunday, putting leader Friedrich Merz on track to be the next chancellor while the far-right Alternative for Germany (AfD)came in second, its best ever result, projections showed. Germany’s election results set the stage for protracted coalition talks. Please see reactions from …
What election projections mean for Germany’s ailing economy Read More »
By Kanishka Singh and Ted Hesson WASHINGTON (Reuters) – President Donald Trump’s special envoy Steve Witkoff said on Sunday that there would be an expectation that U.S. firms may do business in Russia in the event of a peace deal in the Russia-Ukraine war. WHY IT’S IMPORTANT Trump has been pushing for a deal to …
Trump envoy says US firms may do business in Russia in case of peace deal Read More »
