Australian gold miner Newcrest backs Newmont's $17.8 billion offer
Australian gold miner Newcrest Mining said on Monday it would back Newmont A$26.2 billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year.
2023-05-17 13:50
Ex-First Republic CEO says regulators did not express concerns, blames contagion for bank's collapse
The former chief executive of the First Republic Bank Michael Roffler blamed contagion spread from the failures of
2023-05-17 12:22
How the debt ceiling showdown could play into China's hands and weaken US global power
President Joe Biden's pledge to the world that "America is back" after a period of political turbulence is looking a little shaky after a debt showdown with Republicans forced him to shorten an Asia-Pacific trip designed to showcase US power amid a challenge from China.
2023-05-17 12:18
Founder Behind Mega China Bicycle Bust Starts Over in NYC
In February last year, a tiny coffee store with red neon signs opened at Gramercy Park, one of
2023-05-17 12:16
Australia’s Treasury Wine Sees Long Recovery From China Tariffs
Australia’s wine exports to China could take years to recover fully after any easing of steep tariffs, the
2023-05-17 11:28
Ayala Poaches Credit Suisse Philippines Head Uy for M&A, Sources Say
Credit Suisse Group AG’s head of the Philippines Mark Robert Uy is leaving the bank and joining Ayala
2023-05-17 11:26
Australia Q1 wage growth rises by 3.7%, quarterly gains missed forecasts
SYDNEY Australian wages increased at the fastest pace in a decade in the first quarter, although quarterly gains
2023-05-17 09:59
Record inflation: Five ways Argentines try to cope
With inflation above 100%, Argentines have devised a number of strategies to deal with the crisis.
2023-05-17 08:46
Argentina: VP Cristina Fernández says she won't run for president
Argentine Vice President Cristina Fernández made it official Tuesday that she will not be running for president again, putting the brakes on an effort by members of her party to push her to become a candidate in the October election. Fernández, who was president 2007-2015, made her decision public through a statement published on her website in which she slammed the judiciary, accusing the courts of trying to forbid her from running for office again as part of an alliance with the opposition. With her decision, the center-left Fernández throws the ruling Peronist party into disarray amid uncertainty over who could be its candidate in this year’s presidential elections. President Alberto Fernández, whose tenure has been marked by an ongoing economic crisis that has included a sharp devaluation of the local currency and annual inflation of more than 100%, already said last month he would not be seeking reelection. “I will not be a puppet of those in power for the sake of any candidacy. I have demonstrated, like no one else, that I prioritize the collective project over personal ambitions,” Cristina Fernández said. The 70-year-old vice president said she’s prevented from running for office by a prison sentence of six years and a lifelong ban from holding public office she received late last year as part of a case involving corruption through public works during her presidency. She has denied all charges and the ruling still has to be confirmed by higher courts before it becomes effective. “I will not engage in the perverse game they impose on us under the guise of democracy,” she wrote. Allies of the vice president have been pushing for her to run for the presidency and regularly chant “President Cristina” during her public appearances. Although Fernández, who is not related to current president Alberto Fernández, had already said she wouldn’t run for president, she often played coy in public speeches. The vice president published her statement days before allies had announced a big rally in downtown Buenos Aires on May 25, which is a national holiday in Argentina, to push her to run. With both the president and vice president out of the running, all eyes are now likely to set on Economy Minister Sergio Massa, a center-right Peronist who has long had presidential ambitions although his tenure in the office he took on last year has not gone as he hoped. Massa had said his goal was for monthly inflation to decelerate to 3% by April. Instead, it accelerated to 8.4%. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-05-17 08:29
Indonesia Warns $20 Billion Climate Deal Looks Too Expensive
A $20 billion international effort to accelerate Indonesia’s shift away from coal hinges on the availability of low-cost
2023-05-17 07:15
An AI CEO Went to Washington and Asked for Rules: Key Takeaways
The Senate’s first major hearing on artificial intelligence covered everything from the lighthearted marvels of generative AI to
2023-05-17 06:27
Biden G7: President to cut short foreign trip for debt ceiling talks
Joe Biden will head home after a G7 meeting in Japan for talks with congressional leaders in the US.
2023-05-17 04:24