Author: IA PressRoom

© Reuters. FILE PHOTO: The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Economic Forum , Russia, June 6, 2019. REUTERS/Maxim Shemetov/File Photo By Lewis Jackson SYDNEY (Reuters) -Australia’s Treasury department may not renew a A$1 million audit contract with PricewaterhouseCoopers (PwC) when it ends this year, an official told a senate hearing amid a scandal over the firm’s misuse of confidential government tax plans. The global professional services firm is reeling after a former Australian tax partner who was consulting with the government on laws cracking down on corporate tax avoidance shared…

Reuters’ latest news reveals Binance‘s Australian arm had Bitcoin (BTC) prices at a massive discount. The top crypto traded A$9,000 cheaper on Binance than rival exchanges in the country. That signaled investors selling to exit positions quicker. The report revealed that Bitcoin traded near A$34,000 ($23k) on Binance Australia. Meantime, the bellwether crypto changed hands at A$43,000 on other crypto exchanges in the country. While publishing this blog, Bitcoin traded at $27,799.98 (Invezz.com data), with a market cap of $540.8B. As Invez.com recently reported, Binance disrupted its services for Australian users, suspending AUD deposits and withdrawals. That came after the…

Investing.com – The U.S. dollar climbed higher in early European trading Tuesday, remaining close to a two-month peak, as traders digested the potential for more Federal Reserve interest rate hikes as well as the passage of the U.S. debt ceiling deal through a divided Congress. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.2% to 104.323, having reached a two-month high of 104.420 earlier in the session. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached an agreement over the weekend to suspend the debt ceiling until…

A defense lawyer was making a constitutional argument in the Guantánamo war court that the clock had run out on a case involving terrorist attacks in Indonesia 20 years ago when he was suddenly drowned out by white noise.“It is repugnant …” were the last words the public heard from Lt. Ryan P. Hirschler, a military lawyer on the defense team.Spectators watched through soundproof glass while lawyers huddled in confusion over what caused a court security officer to silence the lawyer midsentence. Once the audio was restored, the judge cautioned Lieutenant Hirschler to stick to legal principles and avoid the facts…

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial results. The stock was trading at 150p, where it has been since April. Still, it has jumped by over 131% from the lowest level in 2022.  Latest Rolls Royce news The latest manufacturing news is that Rolls-Royce is considering cutting thousands of jobs as the new CEO works to turn around the company. In a report, the Sunday Times said that Tufan Erginbilgic was considering cutting about 3k jobs across the board. In a rejoinder, the…

Hunting (OTCPK:HNTIY) said that its Asia Pacific operating segment has won a new, significant Oil Country Tubular Goods contract that management estimates to be worth up to $91M with Cairn Oil and Gas, Vedanta Limited, for its operations in Rajasthan, India. The contract is for an estimated 100 wells and is to extend up to three years. The OCTG will be supplied with Hunting’s proprietary SEAL-LOCK XD premium connection. Based on the timing of the first deliveries of this order, management now believes that 2023 FY EBITDA will be in the range of $92M-$94M, which represents a further increase to…

Ozempic and ChatGPT have blown up in the year of the cure-all. CEOs are already cutting or pausing jobs, thinking AI can replace workers. But both come with unforeseen side-effects. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app What does a controversial weight-loss drug have in common with artificial intelligence?Both have boomed in 2023, the year of the apparent quick fix.Elon Musk, Hollywood celebrities, and influencers have rushed in droves for an injection of Ozempic, usually used to treat diabetes, to curb cravings and help combat…

© Reuters. By Davit KirakosyanHere is your Pro Recap of the biggest analyst picks and cuts you may have missed since Friday: upgrades at RingCentral, Dollar General, UWM, and Hamilton Lane; downgrades at Equity Residential and Vertex.InvestingPro subscribers got these headlines in real time. Start your 7-day free trial.RingCentral jumps 18% on upgrade and possible merger talks with Sylebra CapitalRingCentral (NYSE:) shares jumped nearly 18% on Friday after Needham upgraded the company to Buy from Hold with a price target of $42.00 in response to surgical cost cuts and stabilized growth, as InvestingPro reported in real time.The firm now sees…

5/5 © Reuters. FILE PHOTO: European Commission Vice President Margrethe Vestager speaks during a news conference in Brussels, Belgium February 1, 2023. REUTERS/Yves Herman 2/5 By Philip Blenkinsop LULEA, Sweden (Reuters) – Top U.S. and European Union officials meet in Sweden on Tuesday to weigh how best to deal with China and cooperate on artificial intelligence and other future technology as well as EU complaints about Trump-era tariffs and U.S. green subsidies. U.S. Secretary of State Antony Blinken and European Commission Vice President Margrethe Vestager will attend the fourth ministerial meeting of the Trade and Technology Council (TTC) for two…

© Reuters. Investing.com — Most Asian currencies were a mixed bag on Tuesday as optimism over a U.S. debt ceiling deal was largely countered by fears of a more hawkish Federal Reserve, while the Chinese yuan hit a new six-month low after a much weaker daily fixing. The sank 0.4% to 7.0907 against the dollar, reaching its weakest level since early-December after the People’s Bank of China slashed its midpoint rate for the day, offering dovish signals to the market.  The central bank set a yuan fix of 7.0818 to the dollar on Tuesday, much weaker than the 7.0575 seen…