Wealth Growth Daily

Updated

Australian regulator hikes ANZ’s capital add-on, citing bond scandal

BY Reuters  • August 23, 2024August 23, 2024
By Byron Kaye and Roushni Nair (Reuters) -Australia’s bank regulator on Friday raised the amount of spare cash that No. 3 lender ANZ must keep on hand due to suspected wide-ranging misconduct at[...]
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Canada moves to end rail shutdown quickly; CN workers to return to work

BY Reuters  • August 23, 2024August 23, 2024
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -Workers at Canadian National Railway will begin returning to work on Friday, the Teamsters union said, hours after the Canadian government mov[...]
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Nestle replaces CEO Schneider with company veteran Freixe

BY Reuters  • August 23, 2024August 23, 2024
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) – Nestle is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of le[...]
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Alibaba to upgrade Hong Kong listing in a bid to attract Chinese investment

BY Reuters  • August 23, 2024August 23, 2024
(Reuters) -Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status, the company said on Friday, a move that is expected to attract huge[...]
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As 7-Eleven’s Japan owner weighs a bid, U.S. fans crave ‘conbini’ food

BY Reuters  • August 22, 2024August 22, 2024
By Rocky Swift and Maki Shiraki TOKYO (Reuters) -Seven & i Holdings turned the humble 7-Eleven store into a popular food destination in Japan by serving up fresh sandwiches, rice balls and rows of[...]
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Stocks decline and dollar rebounds as Fed readies rate cuts

BY Reuters  • August 22, 2024August 22, 2024
By Lawrence Delevingne (Reuters) -Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S. Federal Reserve on Friday that it will so[...]
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Wall St ends lower as tech shares weigh; Jackson Hole in focus

BY Reuters  • August 22, 2024August 22, 2024
By Stephen Culp NEW YORK (Reuters) -All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank[...]
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Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports

BY Reuters  • August 22, 2024August 22, 2024
(Reuters) -Skydance Media is accusing Paramount Global’s special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders,[...]
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GM’s Cruise to offer robotaxis on Uber’s platform from next year

BY Reuters  • August 22, 2024August 22, 2024
By Juby Babu and Abhirup Roy SAN FRANCISCO (Reuters) -Cruise will offer its autonomous vehicles on ride-hailing platform Uber starting next year, the companies said on Thursday, as the General Motors-[...]
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