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ASX outage deepens investors’ doubts over tech overhaul

By Christine Chen and Scott Murdoch SYDNEY, Dec 3 (Reuters) - The Australian Securities Exchange's technology turnaround plan, touted by the firm's chair as being too important to fail, is facing questions from investors and market participants after it was hit by a fresh outage ...
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Major Chinese banks cut high-yield deposit products to ease margin pressure

BEIJING, Dec 3 (Reuters) - Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin pressure. Banks including Industrial and Commercial Bank of China (ICBC) ...
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Rupee cracks below 90 to the dollar, hit by tariffs, capital outflows

By Jaspreet Kalra MUMBAI, Dec 3 (Reuters) - The Indian rupee fell past the key psychological level of 90 to the dollar on Wednesday, extending an eight-month decline as dollar outflows for trade and investment and a rush by companies to hedge against further weakness ...
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Deadly Asian floods are no fluke. They’re a climate warning, scientists say

HANOI, Vietnam (AP) - Southeast Asia is being pummeled by unusually severe floods this year, as late-arriving storms and relentless rains wreak havoc that has caught many places off guard. Deaths have topped 1,200 across Indonesia, Sri Lanka, and Thailand, with more than 800 still ...
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India’s oil imports and other issues will be on the agenda for Putin meeting with Modi

NEW DELHI (AP) - Russian President Vladimir Putin will be in India this week for a summit aimed at deepening economic, defense and energy ties, a visit that will also test New Delhi's efforts to balance relations with Moscow and Washington as the war ...
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Dollar takes a breather ahead of Fed

SINGAPORE, Dec 3 (Reuters) - The dollar was becalmed on Wednesday, as other assets hogged the limelight, though investors looking ahead to 2026 were starting to position for U.S. rate cuts to weigh on the greenback. In morning trade, the Australian dollar touched a three-week ...
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Stocks rise as slide in bitcoin, global bonds hit pause

By Rae Wee SINGAPORE, Dec 3 (Reuters) - Asia shares were on steadier footing on Wednesday, helped by an overnight rebound on Wall Street as a brief selloff in global bond markets and cryptocurrencies abated. Bitcoin reclaimed the $90,000 level while Nasdaq and S&P 500 futures ...
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China’s services growth slips to 5-month low in November, private PMI shows

By Liangping Gao and Ryan Woo BEIJING, Dec 3 (Reuters) - China's services activity expanded at its slowest pace in five months in November, as growth in new orders softened despite a boost from foreign demand, according to a private survey released on Wednesday. The RatingDog ...
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Airbus prepares A320 inspections as fuselage flaw hits deliveries

By Tim Hepher and Allison Lampert PARIS, Dec 3 (Reuters) - Airbus engineers have found defects on a wider set of A320 fuselage panels as they prepare to inspect hundreds of jets for a flaw that the company's chief executive says is hurting deliveries. A presentation ...
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Oil prices fall on weak demand as markets await Ukraine peace effort for supply signs

By Katya Golubkova TOKYO, Dec 3 (Reuters) - Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply amid wider concerns about a surplus, highlighted by rising inventories. Brent ...
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Baldwin strikes $1 billion deal for rival insurance broker CAC Group

Dec 2 (Reuters) - The Baldwin Group said on Tuesday it will buy rival insurance broker CAC Group in a $1.03 billion cash-and-stock deal, adding to a string of mergers in recent years as industry consolidation accelerates. U.S. insurance brokers have looked past bolt-on acquisitions ...
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US Postal Service using 2,600 EVs for mail deliveries

By David Shepardson WASHINGTON, Dec 2 - The U.S. Postal Service is currently using more than 2,600 electric vehicles for mail deliveries, the agency said in a letter to Congress reviewed by Reuters on Tuesday. In 2023, Congress gave USPS $3 billion under then President Joe ...
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