HONG KONG (Reuters) – Asian shares dropped on Wednesday, reversing early gains, after an overnight rebound in U.S. and European stocks as investors shrugged off worries about a potential U.S. government debt default, while oil paused near new multi-year highs.FILE PHOTO: A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky LohThe […]
(Reuters) -Wall Street’s main indexes rose more than 1% on Tuesday as growth stocks bounced from a sharp selloff, while economy-sensitive cyclical sectors remained in favor ahead of closely watched monthly payrolls data later in the week.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., […]
New Zealand-registered trusts held nearly $300 million in assets for a Roman Catholic order caught in an international paedophilia scandal, according to leaked records contained in the Pandora Papers. The Legion of Christ, based in Mexico, used the trusts in a complex financial arrangement that held assets overseas while it faced lawsuits by victims of […]
NEW YORK (BLOOMBERG) – Another Chinese developer fell into crisis on Monday (Oct 4) after failing to repay a maturing bond, adding to the strains of the nation’s heavily leveraged property firms following industry giant China Evergrande Group’s debt woes. Fantasia Holdings Group didn’t repay a US$205.7 million (S$279 million) bond that was due on […]
More than 330 current and former politicians identified as beneficiaries of secret accounts, including:• Jordan’s King Abdullah II• Former UK Prime Minister Tony Blair• Czech Republic Prime Minister Andrej Babis• Kenyan President Uhuru Kenyatta• Ecuador’s President Guillermo Lasso• Associates of both Pakistani Prime Minister Imran Khan and Russian President Vladimir Putin• Billionaires include Turkish construction […]
LOS ANGELES — Hollywood moved closer to a production shutdown on Monday after one of the film and television industry’s lower-profile unions said that members had overwhelmingly voted to authorize a strike. The International Alliance of Theatrical Stage Employees said that 90 percent of eligible members cast online votes between Friday and Sunday; nearly 99 […]
The new boss of Auckland Airport Carrie Hurihanganui brings broad experience from her 21 years at Air New Zealand. She started as a flight attendant, flew through the ranks and was seen as a contender for the top job at the airline, and will succeed Adrian Littlewood who will end his nine years as chief […]
Scott Kirby, the chief executive of United Airlines, reached a breaking point while vacationing in Croatia this summer: After receiving word that a 57-year-old United pilot had died after contracting the coronavirus, he felt it was time to require all employees to get vaccinated. He paced for about half an hour and then called two […]
Legal briefs filed by state and national business organizations and the National Association of Criminal Defense Lawyers argue that federal charges in an antitrust case against Denver-based DaVita Inc. and its former CEO Kent Thiry should be dismissed. In a brief filed Thursday, the Colorado Chamber of Commerce said the state shouldn’t be used as […]
NEW YORK/LONDON (Reuters) – The dollar fell for a second straight session on Friday, tracking declines in U.S. Treasury yields, as investors pared back their positions after recent sharp gains, though the decline was viewed as temporary.FILE PHOTO: U.S. dollar bills are seen on a light table at the Bureau of Engraving and Printing in […]