By Lewis Jackson SYDNEY (Reuters) -Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting fir[...]
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Asia
Marketmind: Minutes meted, China crunch
A look at the day ahead in U.S. and global markets from Mike Dolan As U.S. markets return from Independence Day, the Federal Reserve’s slightly awkward deliberations are laid bare again just as[...]
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Russia to decrease daily forex sales in coming month
(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease in th[...]
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Explainer-What’s behind the firmer-than-expected yuan fixings?
By Georgina Lee HONG KONG (Reuters) – The yuan has lost nearly 5% of its value against the dollar this year and in recent weeks China’s central bank has begun pushing back on the slide, fi[...]
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Japan’s firms offer biggest pay hikes in 30 years, wage growth broadens
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese firms offered the biggest pay hikes in three decades at this year’s negotiations with workers, the country’s largest trade union group said o[...]
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Federal court rules against Australia’s AMP in class action proceedings, shares tank
(Reuters) – Australia’s AMP Ltd tanked on Wednesday after the country’s federal court ruled against the wealth manager in class action proceedings that challenged the validity of som[...]
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Tesla, BYD’s China deliveries hit record high in Q2
By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passen[...]
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Andrew Forrest’s Wyloo looks for more nickel deals as it seals Mincor buy
By Melanie Burton MELBOURNE (Reuters) – Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, sees room to grow in nickel as it closes out its A$750[...]
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Factbox-Potential candidates as next chief of Australia’s central bank
By Wayne Cole SYDNEY (Reuters) – The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or replace him. Here’s a[...]
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