World stocks hit three-week highs before new Fed chief’s debut
LONDON (Reuters) – World stocks rose to three-week highs on Tuesday, helped by a decline in borrowing costs ahead of Federal Reserve Chairman Jerome Powell’s first testimony before the United States Congress later in the day.
South Africa’s auditing regulator refers KPMG to disciplinary hearing
CAPE TOWN (Reuters) – South Africa’s Independent Regulatory Board for Auditors (IRBA) has referred KPMG to a disciplinary hearing following an investigation of its work for Linkway Trading, a project management firm owned by friends of former President…
Comcast challenges Murdoch with $31 billion offer to buy Sky
LONDON (Reuters) – Comcast Corp , the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky , challenging Rupert Murdoch’s Fox and Bob Iger’s Walt Disney for the European pay-TV jewel.
Asian shares near three-week high ahead of Powell’s testimony
TOKYO (Reuters) – Global shares held firm near three-week highs on Tuesday as U.S. borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell’s awaited first congressional testimony later in the day.
India asks state banks to fix operational gaps in 15 days after $2 billion fraud
NEW DELHI (Reuters) – India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical risks, following a $2 billon fraud at the country’s second-biggest state lender.
Microsoft clashes with Justice Department at U.S. Supreme Court
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday wades into a major privacy rights fight between Microsoft Corp and the Justice Department, weighing whether U.S. law allows prosecutors to compel technology companies to hand over data stored ove…
American Airlines, Qantas re-seek U.S. nod for joint venture
SYDNEY (Reuters) – American Airlines Group Inc and Qantas Airways Ltd are making a second attempt at gaining U.S. regulatory permission for a venture that would allow them to coordinate prices and schedules, threatening to cancel services if they are…
Two Singapore Airbnb hosts plead guilty to unauthorized short-term rentals
SINGAPORE (Reuters) – Two Singaporeans on trial for unauthorized short-term rentals posted on Airbnb pleaded guilty in court on Tuesday in the first such cases under the city-state’s rules on short-term property letting introduced last year.
Exclusive: Secretive U.S. security panel discussing Broadcom’s Qualcomm bid – sources
WASHINGTON (Reuters) – A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd’s plan to take over rival Qualcomm Inc, according to three sources familiar with the matter…
Liberty Media offers $1.16 billion for 40 percent in restructured iHeart
(Reuters) – Certain lenders and noteholders of iHeartMediaInc on Monday said John Malone’s Liberty Media Corp proposed to buy a 40 percent stake in a restructured version of iHeart for $1.16 billion.
