(Reuters) – Australia’s QBE Insurance Group Ltd said on Friday costs associated with catastrophic claims for the four months of 2023 had reached nearly 90% of the allowances it had set asi[...]
Read more
Australia
Stocks, yields fall after data seen halting more Fed rate hikes
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing[...]
Read more
Dollar stronger as market rethinks monetary policy outlook
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safe[...]
Read more
Buffett’s Dairy Queen sees Taiwan among possible new markets, while mindful of geopolitics
By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical c[...]
Read more
Telecom Italia CEO says service business can stand on own two feet
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone entity and is expected to generate strong core p[...]
Read more
Australia’s Allkem tops ASX 200 on $10.6 billion merger with Livent
By Archishma Iyer (Reuters) – Australian lithium producer Allkem surged more than 14% on Thursday after announcing a $10.6 billion merger with U.S- based Livent to create the third-largest produ[...]
Read more
Stocks rise as U.S. inflation trends lower, bond yields slide
By Herbert Lash NEW YORK (Reuters) – A gauge of global stock markets rose and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slightly slower-than-expecte[...]
Read more
Dollar in holding pattern, inflation data provides little clarity on rates
By Laura Matthews NEW YORK (Reuters) – The dollar remained stable against a basket of currencies on Wednesday as data showed inflation slowed slightly more than expected last month but gave trad[...]
Read more
Australia exports first copper to China since 2020, industry hopes end to ban near
By Lewis Jackson, Siyi Liu and Melanie Burton SYDNEY (Reuters) – Australia exported roughly $40 million worth of copper ore and concentrate to China early this year, Australian customs data show[...]
Read more