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By Laila Bassam and Tom Perry BEIRUT (Reuters) – Lebanon’s new government will negotiate with the International Monetary Fund for a new programme and will work to deal with the country’s financial default and public debt, according to a policy statement approved by the cabinet late on Monday. The statement, a copy of which was …

Exclusive-Lebanese government to seek new IMF programme, policy statement says Read More »

By Helen Reid LONDON (Reuters) -Fast-fashion retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday that “growth remains strong” despite the United States ending duty-free treatment of low-value ecommerce packages from China and hiking tariffs. Shein is working towards an initial public offering in London, but U.S. President Donald Trump’s decision …

Shein executive seeks to reassure investors after Trump crackdown on low-value imports Read More »

By Gnaneshwar Rajan (Reuters) – Uber Technologies has filed a lawsuit against DoorDash, accusing the online delivery firm of anticompetitive practices, leading to higher costs for both restaurants and customers. In a filing in California Superior Court in San Francisco on Friday, Uber accused DoorDash of coercing restaurants into using DoorDash as their exclusive or …

Uber accuses DoorDash of anticompetitive practices in lawsuit Read More »

By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank cut rates for the first time in more than four years on Tuesday but warned it was too early to declare victory over inflation and was cautious about the prospects of further easing. The rate cut will provide some relief to borrowers and comes …

Australia’s central bank cuts rates, cautious on further easing Read More »

(Reuters) -Global banks predict gold prices will stay high in 2025, potentially reaching $3,000 due to geopolitical uncertainty, while Goldman Sachs revised its price target upwards citing sustained central bank demand. Goldman Sachs raised its year-end 2025 gold price forecast to $3,100 per ounce, up from $2,890 previously. Spot gold gained on Tuesday after hitting …

Factbox-Goldman Sachs raises gold forecast citing strong central bank demand Read More »

By Byron Kaye and Roshan Thomas (Reuters) – Dexus, Australia’s largest office landlord, on Tuesday pitched the country as a safe harbour for investors amid geopolitical uncertainty, as it aims to sell A$2 billion of assets in three years in a faltering commercial property market. The Sydney-listed company said it had completed a quarter of …

Dexus pitches Australia as safe haven, plans A$2 billion asset sale Read More »

(Reuters) – Australian “Big Four” lenders cut their interest rates by 25 basis points on Tuesday, in tandem with the central bank cutting its rates for the first time since November 2020. The Reserve Bank of Australia (RBA) cut its cash rate by 25 basis points to 4.10%, saying progress had been made on inflation, …

Aussie “Big Four” banks cut rates, mirroring central bank Read More »