Australia

BlackRock and other investment companies, the next target of internal investigation

BlackRock and other investment companies, the next target of internal investigation

House Judiciary Chairman Jim Jordan is close to finalizing subpoenas for BlackRock Inc., Glass Lewis, State Street and Institutional Shareholder Services for documents related to the committee’s investigation into whether its efforts to combat climate change violate U.S. antitrust law, according to a person familiar with the matter. The panel is investigating allegations by critics ...

US inflation fell again and reached its lowest level in five months

US inflation fell again and reached its lowest level in five months

The annual inflation rate in the US slowed to 3.1% in November 2023, the lowest reading in five months, from 3.2% in October and in line with market forecasts. However, compared to October, consumer prices rose 0.1%, compared to expectations for a flat reading. Core inflation continued to show some rigidity: the annual base rate ...

Presidents of Venezuela and Guyana will speak about the Essequibo territorial dispute

Presidents of Venezuela and Guyana will speak about the Essequibo territorial dispute

The presidents of Guyana and Venezuela will meet on December 14 in Saint Vincent and the Grenadines in a meeting sponsored by Celac and Caricom to try to alleviate bilateral tension. The Prime Minister of Saint Vincent and the Grenadines, Ralph Gonsalves, who is also president pro tempore of the Community of Latin American and ...

Maduro stokes tension in Guyana and the opposition arrests to stay in control

Maduro stokes tension in Guyana and the opposition arrests to stay in control

Over the course of a decade, the president VenezuelanNicolás Maduro, has remained firmly in power despite mass protests, widespread poverty and despair, harsh US sanctions, and an international attempt to recognize an alternative government. Your survival instincts are kicking in again. The Maduro regime this week ordered the arrest of key advisors of its main ...

Who are Yemen's anti-Western Houthis and why are they attacking Israel?

Who are Yemen’s anti-Western Houthis and why are they attacking Israel?

As the war between Israel and the Palestinian Islamist group Hamas, has attracted more groups hostile to Israel. Cross-border fire has become a daily occurrence between Israel and the Lebanese militia Hezbollah. Yemen’s Houthi rebels have attempted to attack Israel with missiles and drones, and have attacked ships in the Red Sea, seizing an Israeli-owned ...

Disney begins to integrate Hulu into the Disney+ streaming service in the United States

Disney begins to integrate Hulu into the Disney+ streaming service in the United States

Walt Disney on Wednesday began offering Hulu as part of its eponymous streaming service, bolstering Disney+’s family content with more general entertainment content.such as FX’s intense culinary drama “The Bear” and the popular reality show “The Kardashians.” The combined offer, known as “Hulu on Disney+”, will be available in a first “beta” version for national ...

Australia trade surplus beat estimates as imports fall

Australia trade surplus beat estimates as imports fall

Australia’s monthly trade surplus widened in June as iron ore shipments rose, while overall exports fell less than imports. The unexpected profit was $11.3 billion ($7.4 billion), compared with estimates of a profit of $10.75 billion and a downward revision of $10.5 billion in May, data from the Australian Bureau of Statistics showed on Thursday. ...

Australia blocked ANZ Group's $3.2 billion Suncorp banking deal

Australia blocked ANZ Group’s $3.2 billion Suncorp banking deal

Australian regulator blocked ANZ Group Holdings Ltd.’s A$4.9 billion ($3.2 billion) deal to buy the banking arm of Suncorp Group Ltd.., citing competition concerns. The Australian Competition and Consumer Commission decided not to grant merger approval for the acquisition, the regulator said in a statement on Friday. “We are not satisfied that the acquisition will ...

Funeral company InvoCare agrees to acquire TPG for US$1.2 billion

Funeral company InvoCare agrees to acquire TPG for US$1.2 billion

Australian funeral home operator InvoCare Ltd. agreed to a revised A$1.83 billion (US1.2 billion) takeover offer from private equity firm TPG Inc. TPG proposed a takeover offer of A$12.70 per share for the Sydney-based company, up from May’s offer of A$13 per share, according to a statement on Wednesday, confirming an earlier Bloomberg News report. ...