(Reuters) -Commonwealth Bank of Australia, the country’s largest lender, and National Australia Bank, the second-biggest, cut their standard variable home loan rates by 25 basis points on Tuesday. This follows the Reserve Bank of Australia lowering its cash rate by 25 bps to a two-year low of 3.6% on Tuesday, citing falling inflation and a …
Aussie ‘Big four’ banks cut home loan rates following RBA move Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank cut interest rates on Tuesday for a third time this year and signaled further policy easing might be needed to meet its inflation and employment goals as the economy lost some momentum. Wrapping up a two-day policy meeting, the Reserve Bank of Australia board …
Australia cuts interest rates, signals more to come as inflation slows Read More »
(Reuters) -U.S. President Donald Trump said he met with Intel CEO Lip-Bu Tan on Monday, days after seeking his resignation, praising Tan and calling the meeting “a very interesting one.” Shares of the chipmaker rose 3% in extended trading. Last week, Trump had demanded the immediate resignation of Tan, calling him “highly conflicted” over his …
Trump holds high-stakes meeting with Intel CEO after calling for his resignation Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices likely increased moderately in July, though rising costs for goods like household furniture and apparel because of import tariffs probably resulted in a measure of underlying inflation posting its largest gain in six months. The Consumer Price Index report from the Labor Department’s Bureau of Labor Statistics …
US consumer prices likely increased marginally in July; data quality concerns rising Read More »
By Echo Wang and Miho Uranaka (Reuters) -SoftBank has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter. The banks leading preparations for the listing are Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group …
Exclusive-SoftBank selects banks for US IPO of payments app PayPay, sources say Read More »
By Byron Kaye and Rishav Chatterjee (Reuters) -Troubled Australian casino company Star Entertainment said on Tuesday it had revived a sidelined deal with its Hong Kong-based partners to sell a half stake of its A$3.6 billion ($2.35 billion) Brisbane resort, sending its shares soaring. Star is selling its interest for A$53 million, of which A$45 …
Australia casino operator Star revives 50% asset sale to HK investors Read More »
SYDNEY (Reuters) -A measure of Australian business confidence rose to a three-year high in July thanks to strength in services and construction, a survey showed on Tuesday, though rising costs also put upward pressure on retail prices. The survey from National Australia Bank showed its index of business confidence climbed to +7 in July, from …
Australia business mood brightens as activity holds up Read More »
(Reuters) -Citigroup CEO Jane Fraser is in Mexico City for talks with President Claudia Sheinbaum that include the potential public listing of the bank’s retail unit Banamex, Bloomberg News reported on Monday, citing people familiar with the matter. Reuters could not independently verify the report. Citigroup did not immediately respond to a Reuters request for …
Citigroup CEO visits Mexico amid Banamex stake talks, Bloomberg News reports Read More »
SAO PAULO (Reuters) -Brazilian cosmetics maker Natura on Monday posted a second quarter net profit swung back into the black, in an earnings report that excluded Avon International, a major business arm that Natura is looking to sell off. Net profit for the three months through the end of June landed at 195 million reais …
Natura swings to profit in Q2; Avon International ‘held for sale’ Read More »
By Allison Lampert and Wa Lone MONTREAL/TORONTO (Rtrs) -Hundreds of cabin crew members took their fight to major Canadian airports on Monday, picketing against unpaid labor, as talks on wages intensify between Air Canada and its flight attendants this week ahead of a possible strike. A group of 700 mostly female flight attendants in crisp dark …
Air Canada pay talks intensify as cabin crew protest, threaten strike Read More »
