By Melanie Burton and Navya Mittal MELBOURNE (Reuters) – Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations b[...]
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J&J must pay $18.8 million to California cancer patient in baby powder suit
By Brendan Pierson (Reuters) -Johnson & Johnson’s must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setba[...]
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US new business applications hit two-year high in June
By Safiyah Riddle (Reuters) – Applications to start new U.S. businesses surged to the highest level in two years in June, despite high interest rates and uncertain economic outlook, according to[...]
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Fed’s last rate hike coming at July meeting, economists say
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, accordi[...]
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Private equity firm One Equity investigated by SEC – WSJ
(Reuters) – The U.S. Securities and Exchange Commission is investigating private equity firm One Equity over communications with investors, the Wall Street Journal reported on Tuesday, citing pe[...]
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South Korea to hike minimum wage by 2.5% in 2024, smallest in three years
SEOUL (Reuters) – South Korea has decided to raise the minimum wage by a three-year low of 2.5% in 2024, its Minimum Wage Commission said on Wednesday, amid slowing growth and high inflation. Th[...]
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Biden creates new competition role on National Economic Council
By Andrea Shalal WASHINGTON (Reuters) -President Joe Biden has created a new role on the National Economic Council (NEC) to tackle anticompetitive business practices, naming NEC member Hannah Garden-M[...]
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Brazil eyes taxes on shareholder payouts, closed-end funds to balance 2024 budget -sources
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government is considering changes to the taxation of closed-end funds and shareholder payouts in order to shore up revenue[...]
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Colombian tycoon makes offer for Exito stake held by Brazil’s GPA
(Reuters) – Brazilian retailer GPA announced it received a new offer from Colombian billionaire Jaime Gilinsky to buy part of GPA’s stake in its Colombian subsidiary Almacenes Exito, GPA s[...]
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