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A pedestrian looks at his phone as he walks past a logo for Australia's Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018.

Westpac raises share buyback by $661 million even as costs and competition bite

Reuters |Updated 1 hour ago |2 min read

By Sameer Manekar (Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight ...

Tourists relax by the Victoria Harbour waterfront, with the iconic skyline providing a scenic backdrop, in Hong Kong, China, July 10, 2023.

Morning bid: Green light from financial conditions, FX calm

Jamie McGeever |Updated 2 hours ago |3 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Investor sentiment in Asia is set to open the week on a positive note on Monday, buoyed by last week's upward momentum in global stocks, calmer currency markets, and a ...

A view of the logo of French IT consulting firm Atos on a company's building in Nantes, France, April 22, 2024.

Atos board reported to be meeting Sunday to review takeover bids

Reuters |Updated 6 hours ago |1 min read

PARIS (Reuters) - The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le Figaro reported. Atos, which secures ...

SaltWire

Former Boeing CEO and Seattle Mariners co-owner Frank Shrontz dies aged 92

Reuters |Updated 6 hours ago |2 min read

NEW YORK (Reuters) - Frank Anderson Shrontz, the former chief executive officer and chairman of planemaker Boeing and part owner of the Seattle Mariners baseball team, has died, the Mariners said in a statement on Saturday. Shrontz joined Boeing ...

An oil and gas drilling platform stands offshore near Dauphin Island, Alabama, October 5, 2013.

Big Oil finds more to love in deepwater exploration fields

Georgina McCartney |Updated 11 hours ago |3 min read

By Georgina McCartney HOUSTON (Reuters) - As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the ...

International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016.

IMF says its mission will visit Pakistan this month to discuss new loan

Ariba Shahid |Updated 10 hours ago |2 min read

By Ariba Shahid KARACHI (Reuters) - An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, the lender said on Sunday ahead of Islamabad beginning its annual budget-making process for the next ...

Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014.

Gulf bourses end higher as Fed cut hopes rise

Md Manzer Hussain |Updated 13 hours ago |2 min read

By Md Manzer Hussain (Reuters) - Stock markets in the Gulf ended higher on Sunday, led by the Qatar index, after slowing U.S. jobs growth in April raised hopes of early interest rate cuts by the U.S. Federal Reserve. The Labor Department's ...

A view of Brighton Beach in front of the Melbourne skyline during sunset in Melbourne, Australia, July 19, 2023.

Slowing global economy to mean smaller revenue bump in Australian budget

Reuters |Updated 13 hours ago |2 min read

SYDNEY (Reuters) - Global economic weakness and a slowing domestic economy were among the reasons Australia will report a smaller revenue increase in its federal budget for the year ended June 30 compared to recent years, the government said on ...

Dan Sheridan, chief executive of Brooks Running attends the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S. May 3, 2024.

Berkshire's Brooks Running CEO sees China, Europe as growth areas

Jonathan Stempel |Updated 15 hours ago |2 min read

By Jonathan Stempel OMAHA, Neb. (Reuters) - The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway views China and Europe as growth areas for a business that generates most revenue in ...

Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023.

Foxconn reiterates Q2 revenue to grow, posts record April sales

Reuters |Updated 17 hours ago |2 min read

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of ...

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