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Australia’s Perpetual gets new offer from KKR for its wealth, trust units

17 Feb 2025

By Scott Murdoch and Sameer Manekar (Reuters) -Australia’s Perpetual confirmed on Monday it received a revised proposal for its wealth management and corporate trust businesses from buyout firm KKR & Co, but said the offer includes commercial terms that still need to be finalised. An A$2.2 billion ($1.40 billion) deal with the buyout firm for …

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Tencent jumps as its Weixin app launches beta testing with Deepseek

17 Feb 2025

HONG KONG (Reuters) – Shares of Tencent were set to open up 6.6% on Monday after the company said its Weixin messaging app has launched beta testing with Deepseek as firms race to link up with China’s rising artificial intelligence start-up. Tencent shares were set to open at HK$506, their highest since July 2021. The …

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Australia’s Westpac’s first-quarter margin contracts, shares slide

17 Feb 2025

By Himanshi Akhand (Reuters) -Shares of Westpac Banking Corp fell as much as 6% on Monday after a core operating measure worsened in the first quarter despite an overall increase in profit helped by a drop in bad loans and growth in lending volumes. Australia’s No. 2 mortgage lender posted an unaudited net profit of …

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Argentina’s opposition threatens impeachment trial after Milei touts crypto coin

16 Feb 2025

(This Feb.15 story has been refiled to correct the spelling of the crypto coin to $LIBRA, not $LIBRE, in paragraph 2) BUENOS AIRES (Reuters) – Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a cryptocurrency which crashed soon after. Milei late on …

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Utah public unions banned from collective bargaining with the state

16 Feb 2025

By Rich McKay (Reuters) – After two weeks of protests at the Utah state capitol, the state has banned collective bargaining for teachers, police officers, firefighters and other public employees, a move unions have vowed to fight. Utah’s Governor Spencer Cox, a Republican, signed the ban even as protests continued outside the state capitol in …

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Australia to put two-year ban on foreigners buying existing homes amid housing crunch

16 Feb 2025

SYDNEY (Reuters) – Australia will ban foreign investors from buying existing homes in the country for two years, its government said on Sunday, in an effort to boost under-pressure housing supply. “We’re banning foreign purchases of established dwellings from April 1, 2025, until March 31 2027,” treasurer Jim Chalmers said in a statement with housing …

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Apple aims to bring AI features and spatial content app to Vision Pro, Bloomberg reports

16 Feb 2025

(Reuters) – Apple is planning to add Apple Intelligence to its Vision Pro headset, along with an updated mode for guest users and a spatial content app as early as April, Bloomberg News reported on Saturday. The company plans to roll out the features as part of a software upgrade and they could be available …

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Amazon union hopeful in North Carolina alleges interference in election count

15 Feb 2025

By Greg Bensinger (Reuters) -An upstart union in North Carolina alleged Amazon interfered with the vote counting process on Saturday at a warehouse near Raleigh. The union, Carolina Amazonians United for Solidarity and Empowerment (CAUSE), said it could not display a livestream of votes on its website because the retailer made three workers leave who …

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Trump tours a Boeing plane to spotlight delay on getting new Air Force One

15 Feb 2025

By Andrea Shalal and Tim Hepher (Reuters) – President Donald Trump toured a Boeing plane on Saturday to highlight delays in delivering new Air Force One aircraft, said the White House. The president negotiated with Boeing for a pair of new 747-8 aircraft during his first administration – between 2017 and 2021 – but the …

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