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S.Korea Aug factory output shrinks more than expected, retail sales jump

FILE PHOTO: A factory is seen in Incheon, South Korea, May 30, 2016. REUTERS/Kim Hong-JiSEOUL (Reuters) – South Korea’s factory production shrank for a second month in August, missing expectations, while retail sales jumped, government data showed on Friday. The country’s industrial output fell 1.8% on a seasonally-adjusted monthly basis, by a faster pace than 1.3% in July and 0.5% […]

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Coal-exposed regions need decarbonisation road map: CBA

Commonwealth Bank chairman Paul O’Malley says governments, businesses, unions and communities need to start planning to ensure a fair transition for parts of the country that depend on the coal industry. The banking giant is seeking to start discussion about the major economic changes coming as Australia cuts fossil fuel use, and has estimated that about 800,000 people are living […]

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‘Unreasonable’: Alex Turnbull ordered to pay legal costs in botched lawsuit

Malcolm Turnbull’s son has been ordered to pay the legal costs of his father’s former business associate and friend after he rejected three settlement offers during an ultimately unsuccessful lawsuit. The former prime minister’s son, Alex Turnbull, launched legal action in 2020 seeking $12 million from Pengana chief executive Russel Pillemer’s company, alleging his family was misled into accepting cash […]

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ETHW Up 8% as Key Miner Claims Forked Chain Could 100x in 10 Years

Following the successful Merge, the old proof-of-work Ethereum still lives on. Thanks to Chandler Guo who instigated EthereumPoW (ETHW), there are enough miners to keep Ethereum going, which was itself a hard fork of Ethereum Classic (ETC). Guo claims that EthereumPoW could eventually equalize with Ethereum, going up as much as 100x in 10 years. But is there any data […]

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Earnings Previews: BlackBerry, Paychex

The three major U.S. equity indexes closed lower Friday. The Dow Jones industrials ended the day down 1.62%, the S&P 500 retreated 1.6% and the Nasdaq closed 1.8% lower. All 11 sectors closed lower, in a range of 6.9% (energy) to 0.5% (health care). Crude oil continued to trade below $80 a barrel Monday morning. Traders fear that an increasingly […]

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Polls open in Italy, right-wing alliance seen winning

ROME (Reuters) – Polls opened in Italy on Sunday in an election that is forecast to return the country’s most right-wing government since World War Two and also herald its first woman prime minister.A man holding ballots walks inside a polling station during the snap election, in Rome, Italy, September 25, 2022. REUTERS/Stoyan NenovVoting began at 7 a.m. (0500 GMT) […]

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Here are 3 things you should do right now in this market

New York (CNN Business)US stock futures were set to fall sharply as investors continued to worry about even more rate hikes from the Federal Reserve that could land the US economy in a recession. Dow (INDU) futures were down 400 points, or 1.2%. S&P 500 (SPX) futures fell 1.3% and Nasdaq (COMP) futures were 1.4% lower. That puts the Dow […]

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With an eye on the U.S. ballot box, Democrats to push policing bills on Thursday

WASHINGTON (Reuters) – Democrats, accused by Republicans of being soft on crime, hope to burnish their crime-fighting credentials before the Nov. 8 midterm elections with a vote on Thursday on a major policing bill in the U.S. House of Representatives.FILE PHOTO: The U.S. Capitol Building is lit at sunset in Washington, U.S., December 20, 2016. REUTERS/Joshua Roberts/File PhotoThe “Invest to […]

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