Pictures

Toshiba stock listing status downgraded, deeper losses flagged

Toshiba stock listing status downgraded, deeper losses flagged

Published 23/06/2017

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

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China, India, Japan hamper Asia oil demand growth, efforts to balance market

China, India, Japan hamper Asia oil demand growth, efforts to balance market

Published 23/06/2017

FILE PHOTO: Oil tankers pass the skyline of Singapore June 8, 2016. REUTERS/Edgar Su/File Photo

As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.

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Australian banks face `Pandora`s box` of taxes after state hike

Australian banks face `Pandora`s box` of taxes after state hike

Published 23/06/2017

The logo of National Australia Bank adorns their headquarters building in central Sydney, Australia June 22, 2017. REUTERS/David Gray

A second Australian state on Friday said it was open to charging its own bank tax, raising fears the federal government has opened a "Pandora's box" by slapping a A$6.2 billion ($4.7 billion) levy on major lenders in its May budget.

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United Nations stresses for support for Haiti cholera fight

United Nations stresses for support for Haiti cholera fight

Published 23/06/2017

Members of the Security Council of United Nations await for the arrival of Haitian president, Jovenel Moise, and his cabinet, in the National Palace of Port-au-Prince, Haiti, June 22, 2017. REUTERS/Andres Martinez Casares

AU-PRINCE, Haiti (Reuters) - The United Nations stressed on Thursday its support for eradicating cholera in Haiti, an epidemic it accidentally started, although the government said residents would be better served if aid funding was channeled through it.

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China`s ICBC says checks of loans by big acquirers are routine

China`s ICBC says checks of loans by big acquirers are routine

Published 23/06/2017

Fosun International Ltd services are displayed at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip

Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.

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Senate Republicans unveil Obamacare replacement bill, but fate uncertain

Senate Republicans unveil Obamacare replacement bill, but fate uncertain

Published 23/06/2017

U.S. Capitol is seen after the House approved a bill to repeal major parts of Obamacare and replace it with a Republican healthcare plan in Washington, U.S., May 4, 2017. REUTERS/Yuri Gripas

U.S. Senate Republicans on Thursday unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the wealthy, but the bill's fate was quickly thrown into question as several senators voiced skepticism.

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`Bailout` Buffett burnishes `lender of last resort` image

`Bailout` Buffett burnishes `lender of last resort` image

Published 23/06/2017

FILE PHOTO - Investor Warren Buffet arrives for the premiere of the film ''Wall Street: Money Never Sleeps'' in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Published 23/06/2017

FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo

Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

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Appeals court overturns conviction of `Making a Murderer` inmate

Appeals court overturns conviction of `Making a Murderer` inmate

Published 22/06/2017

FILE PHOTO: Brendan Dassey is pictured in this undated booking photo obtained by Reuters January 29, 2016. Manitowoc County Sheriff's Department/Handout via Reuters/File Photo

A federal appeals court on Thursday affirmed a decision to overturn the murder conviction of Brendan Dassey, a Wisconsin man serving a life sentence whose case was chronicled in the popular Netflix television documentary "Making a Murderer."

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Cosby plans sex assault talks, accusers` lawyer cries foul

Cosby plans sex assault talks, accusers` lawyer cries foul

Published 22/06/2017

FILE PHOTO: Actor and comedian Bill Cosby arrives for the third day of his sexual assault trial at the Montgomery County Courthouse in Norristown, Pennsylvania, U.S., June 7, 2017. REUTERS/Brendan McDermid/File Photo

Bill Cosby plans to conduct a series of free public seminars about sexual assault this summer, his spokesman said days after a Pennsylvania judge declared a mistrial in the entertainer's sexual assault trial.

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