Asia shares turn cautious ahead of U.S. inflation
Asian shares turned lower on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers.
Oil eases on Iran concern after hitting two-year high above $72
Oil eased after hitting a two-year high above $72 a barrel on Monday, pressured by the prospect of higher Iranian exports though recovering demand and OPEC+ supply curbs provided underlying support.
S&P upgrades outlook on Australia’s AAA rating to stable from negative
S&P Global Ratings upgraded its outlook on Australia’s coveted “AAA” sovereign rating to ‘stable’ from ‘negative’ on Monday citing the country’s “swift economic recovery” from the COVID-19 pandemic driven recession.
Air Canada executives to return bonuses after government aid outcry
Top executives at Air Canada (AC.TO) will return their bonuses and share awards, the carrier said on Sunday, in response to “public disappointment” over executive compensation at the airline, which received government aid in April.
UK’s lowest-paid workers face highest jobless risk: research
Britain’s lowest-paid workers, already hardest hit by the COVID-19 pandemic, will be most at risk from expected rises in unemployment and job insecurity later this year, researchers said on Monday.
Tech giants and tax havens targeted by historic G7 deal
The United States, Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens. Hundreds of billions of dollars could flow into the coffers of governments left cash-strapped by the […]
Australian job advertisements jump 7.9% in May – ANZ
Australian job advertisements climbed for a 12th straight month in May to reach their highest since 2008, suggesting demand for labour could withstand both a coronavirus lockdown in Victoria and the removal of some government support programmes.
Fewer Americans blame COVID for preventing them from seeking work
Fewer Americans are citing the coronavirus pandemic as the reason why they’re not looking for work as more people are getting vaccinated and unemployment steadily declines.
Global M&A surges to record high for third straight month
Global mergers and acquisition (M&A) activity hit a record high for the third straight month in May, driven mainly by low interest rates, soaring equities and higher dealmaking interest in sectors that have received a boost from the COVID-19 pandemic.
AstraZeneca moves finance chief to new role after Alexion deal
AstraZeneca (AZN.L) will move finance chief Marc Dunoyer to head newly acquired rare diseases business Alexion (ALXN.O), using the $39 billion takeover as an opportunity to freshen up a management team that had been in place for eight years.
