SYDNEY (Reuters) – An Australian state on Thursday imposed a three-month ban on PricewaterhouseCoopers’ (PwC) local unit from receiving new tax-related contracts – the latest repercussion to hit the firm after its misuse of confidential federal government tax plans. PwC has come under fire after a former tax partner in the firm who was advising …
Australian state bans PwC from new tax contracts for three months Read More »
BEIJING (Reuters) -China’s new home prices rose at a slower pace in May, while the steepest slump in property investment in over two decades underlined the depth of demand problems in the crisis-hit property sector and pointed to more easing steps on the cards. For more than a year Beijing has been trying to shore …
China’s slower home price growth, deepening investment slump signal more easing Read More »
MANILA (Reuters) – The U.S. Federal Reserve’s monetary policy actions now are seen less of a factor for the Philippine central bank’s decision-making, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco Dakila Jr said on Thursday. “Even if the Fed decides to pause from its policy tightening, which it did this morning, we may not …
Philippines may not move in lockstep with Fed on rates Read More »
SYDNEY (Reuters) – Australia international Kurtley Beale has pleaded not guilty to three charges of sexual assault stemming from an alleged incident in a bar near Bondi Beach last year, local media reported on Thursday. The 34-year-old, who was suspended from all rugby after his arrest last December, has been charged with one count of …
Rugby-Wallaby Beale pleads not guilty to sexual assault in Sydney court Read More »
By Siyi Liu and Dominique Patton YICHUN, China (Reuters) – Down a steep dirt road from the Baishi Huashan lithium mine in southern China, trucks laden with silvery grey ore rumble towards a cluster of smelters in the valley below that have sprung up to cash in on the electric vehicle battery boom. The city …
Analysis-In China’s lithium hub, mining boom comes at a cost Read More »
TOKYO (Reuters) – Japan’s top government spokesperson said on Thursday that volatile moves in the currency markets were undesirable and that authorities were closely watching the market and ready to take “appropriate” action as needed. “It is important for foreign exchange markets to move in a stable manner reflecting fundamentals, and excessive changes are undesirable,” …
Japan govt says volatile forex market ‘undesirable’ Read More »
BEIJING (Reuters) – Property investment in China fell at a faster pace in January-May, dropping 7.2% from the same period a year earlier, official data showed on Thursday, adding to concerns about the outlook for the world’s second-biggest economy. The figure compared with a 6.2% annual decline in January-April. Property sales by floor area declined …
China’s Jan-May property investment, sales fall at faster pace Read More »
Por Tetsushi Kajimoto y Kantaro Komiya TOKIO, 15 jun (Reuters) – Las exportaciones japonesas crecieron inesperadamente en mayo gracias a las sólidas ventas de automóviles, aunque el ritmo de expansión se ralentizó ya que la inflación y el aumento de las tasas de interés afectaron la demanda global, lo que pone de relieve la desigual …
SHANGHAI/SINGAPORE (Reuters) – China’s central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months on Thursday, in line with expectations, as Beijing ramps up stimulus measures to shore up a shaky economic recovery. The move comes just days after it lowered two key short-term policy rates, a …
China cuts medium-term loan rates as economy sputters, more easing expected Read More »
By Lucy Craymer WELLINGTON (Reuters) -New Zealand slipped into recession as the economy shrank in the first quarter, data showed on Thursday, reducing the risk the central bank would need to hike interest rates further but creating a new headwind for the government’s re-election hopes. Gross domestic product (GDP) matched analysts’ expectations of a 0.1% …
New Zealand dips into recession, putting rate hikes in doubt Read More »
