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By Rishav Chatterjee and Aaditya GovindRao (Reuters) – Australian stock exchange operator ASX said on Wednesday it has launched a consultation process on potential job cuts, as part of broader cost-cutting efforts while facing growing scrutiny from regulators. The statement comes on the heels of a report by the Australian Financial Review on Tuesday that …

Australia bourse operator starts consultation process for potential job cuts Read More »

By Wayne Cole SYDNEY (Reuters) – Australian wages picked up in the March quarter led by government pay rises, data showed on Wednesday, while subdued growth in the private sector suggested a tight labour market was still no bar to a cut in interest rates. Investors remain confident the Reserve Bank of Australia will cut …

Australia wage growth ticks up in Q1, led by public sector Read More »

By Himanshi Akhand (Reuters) -Commonwealth Bank of Australia (CBA) reported a 6% rise in third-quarter cash earnings on Wednesday, helped by growth in lending volumes and higher trading income, and said its margins were stable. Cash net profit after tax for the country’s biggest lender was about A$2.6 billion ($1.68 billion) for the three months …

Australia’s CBA reports higher cash profit, stable margin in third quarter Read More »

By Che Pan, Julie Zhu, Fanny Potkin and Eduardo Baptista BEIJING/HONG KONG (Reuters) -SiCarrier, a Chinese chip equipment maker with close links to Huawei, is seeking $2.8 billion in its maiden fundraising round, two people familiar with the plans said, as the startup chases more clients and clout. SiCarrier was until recently little known, but …

Exclusive-SiCarrier – Huawei partner in chips – seeks $2.8 billion in funds, sources say Read More »

By Sinéad Carew and Shashwat Chauhan (Reuters) – The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce. The Dow fell, however, with its biggest drag a 17.8% slide in shares of …

S&P 500, Nasdaq end higher on soft inflation data, trade optimism Read More »

By Andre Romani SAO PAULO (Reuters) – Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Tuesday a 37% increase in its adjusted net profit from a year earlier, slightly missing analysts’ estimates. Nubank, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, reported a $606.5 million adjusted net profit for …

Digital lender Nubank posts slightly adjusted profit miss in first quarter Read More »

By Valerie Volcovici WASHINGTON (Reuters) -U.S. energy industry trade groups have launched a last-minute lobbying blitz to urge Congress members to spare a slew of former President Joe Biden’s clean energy tax credits from the chopping block in the Republican budget plan. On Monday, the House Ways and Means committee proposed the phase-out or cancellation …

Last-ditch lobbying blitz seeks to save Biden’s clean-energy tax credits Read More »