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US News and World Report
Australia's CBA Simplifies Financial Reporting After Sale of Wealth Management Unit
(Reuters) - Commonwealth Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last year. The country's top lender will now consolidate its other banking income, funds management income and insurance income into other...
US News and World Report
Marketmind: U.S.-China Crisis?
(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Traders in Asia can expect a choppy start to the week as they absorb Friday's sell-off on Wall Street following a freakishly strong U.S. jobs report and heightened geopolitical tensions after a U.S. fighter jet shot down a suspected Chinese spy balloon on Saturday.
US News and World Report
Brazil's Americanas Board to Remove Top Executives After Accounting Scandal
SAO PAULO (Reuters) - Brazilian retailer Americanas SA said on Friday its board had decided to remove three directors and three executives amid investigations over so-called accounting inconsistencies. Americanas, backed by the billionaire trio that founded investment firm 3G Capital, entered bankruptcy protection last month after disclosing "inconsistencies" in its...
US News and World Report
Wall Street Ends Down After Stunning Jobs Growth Raises Fed Questions
(Reuters) - Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The S&P 500 still posted a gain for the week, which included a string of major market...
US News and World Report
Adani Crisis Ignites Indian Contagion Fears, Credit Warnings
NEW DELHI (Reuters) - Financial contagion fears spread in India on Friday as the Adani Group's crisis worsened, with ratings agency Moody's warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India's parliament led to...
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