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Tornadoes tear through southeastern US as storms leave 3 dead
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Sunday, May 5
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SRN News
Qantas Airways faces $66 million court penalty for flight cancellations
(Reuters) -Australian flagship airline Qantas Airways said on Monday it reached a settlement agreement with the country’s competition regulator under which it may be obliged to pay A$100 million ($66 million) civil penalty in a flight cancellation case. The penalty would be subject to ...
Sunday, May 5
by
SRN News
Westpac announces new $661 million buyback and special dividend, profit slumps
By Sameer Manekar (Reuters) -Australian bank Westpac declared a special dividend on Monday and raised its share repurchase program by A$1 billion ($661 million) citing a strong balance sheet even as its first-half profit fell by 16% on intense competition and high costs. Traditionally beneficiaries of ...
Sunday, May 5
by
SRN News
Berkshire Hathaway event gives good view of Warren Buffett’s successor but also raises new questions
This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility ...
Sunday, May 5
by
SRN News
Morning Bid: Green light from financial conditions, FX calm
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investor sentiment in Asia is set to open the week on a positive note on Monday, buoyed by last week’s upward momentum in global stocks, calmer currency markets, ...
Sunday, May 5
by
SRN News
Australia’s Westpac net profit falls 16%, announces additional $661 million buyback
(Reuters) -Australia’s Westpac Banking Corp reported a 16% drop in its first-half net profit on Monday as intense lending competition and higher costs squeezed its margins. It also announced an increase of A$1 billion ($660.90 million) to an existing share buyback program, taking it up ...
Sunday, May 5
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SRN News
Atos board reported to be meeting Sunday to review takeover bids
PARIS (Reuters) – The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le Figaro reported. Atos, which secures communications for the ...
Sunday, May 5
by
SRN News
Israel orders Al Jazeera to close its local operation and seizes some of its equipment
TEL AVIV, Israel (AP) — Israel ordered the local offices of Qatar’s Al Jazeera satellite news network to close Sunday, escalating a long-running feud between the broadcaster and Prime Minister Benjamin Netanyahu’s hard-line government as Doha-mediated cease-fire negotiations with Hamas hang in the balance. The ...
Sunday, May 5
by
SRN News
Israel orders Al Jazeera to close its local operation and seizes some equipment from channel
TEL AVIV, Israel (AP) — Israel ordered the local offices of Qatar’s Al Jazeera satellite news network to close Sunday, escalating a long-running feud between the broadcaster and Prime Minister Benjamin Netanyahu’s hard-line government as Doha-mediated cease-fire negotiations with Hamas hang in the balance. The ...
Sunday, May 5
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SRN News
Big Oil finds more to love in deepwater exploration fields
By Georgina McCartney HOUSTON (Reuters) – As Big Oil returns this week to the industry’s annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight. Offshore exploration had ...
Sunday, May 5
by
SRN News
Israel orders Al Jazeera to close its local operation
TEL AVIV, Israel (AP) — Israel ordered the local offices of Qatar’s Al Jazeera satellite news network to close Sunday, escalating a long-running feud between the broadcaster and Prime Minister Benjamin Netanyahu’s hard-line government as Doha-mediated cease-fire negotiations with Hamas hang in the balance. The ...
Sunday, May 5
by
SRN News
China’s president arrives in Europe to reinvigorate ties at a time of global tensions
PARIS (AP) — Chinese President Xi Jinping kicked off a three-country trip to Europe on Sunday with the continent divided over how to deal with Beijing’s growing power and the U.S.-China rivalry. European carmakers are losing ground to subsidized Chinese electric vehicles. Diplomats fret about ...
Sunday, May 5
by
SRN News
Slowing global economy to mean smaller revenue bump in Australian budget
SYDNEY (Reuters) – Global economic weakness and a slowing domestic economy were among the reasons Australia will report a smaller revenue increase in its federal budget for the year ended June 30 compared to recent years, the government said on ...
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