SYDNEY–Shares of New Zealand dairy companies a2 Milk and Synlait Milk rose Tuesday morning after Chinese regulators reopened market access for a2’s infant-milk formula product. Synlait was up 14% at 1.83 New Zealand dollars (US$1.11), while a2 Milk, a major buyer of Synlait’s output, was up 8% at NZ$6.20. China’s…

Hyundai Motor America KR:005380 and Kia America KR:000270 have agreed to a class-action lawsuit settlement worth approximately $200 million after numerous complaints that their cars are overly vulnerable to theft. The settlement will resolve a lawsuit involving about 9 million Hyundai and Kia vehicles that, in recent months, were broken…

Having watched innumerable meetings of the U.S. Federal Reserve’s monetary policy committee, I’ve lost count of the number of times I’ve heard participants complain that uncertainties about the economy were “unusually elevated.”  But when Fed officials say this at their policy meeting this week, they’ll be unusually on point. Considering…

2/2 © Reuters. FILE PHOTO: The logo of Safran is seen outside the company’s headquarters in Issy-les-Moulineaux near Paris, France, January 2, 2019. REUTERS/Gonzalo Fuentes/File Photo 2/2 PARIS (Reuters) – French aero engine maker Safran (EPA:) said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies…

Investing.com — The U.S. debt ceiling deal is done but gold isn’t quite dead yet, as some had been speculating. Futures of the yellow metal settled down on Friday for the first time in three days. But the drop could not wipe gains over three previous days, leaving gold in…

By Canan Sevgili and Libby George LONDON/GDANSK (Reuters) -Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade. Erdogan prevailed despite years of economic turmoil that critics…

By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers (PwC) Australia has named at least 67 current and former staff involved in the leak of confidential government tax plans in an unpublished letter to lawmakers, according to a spokesperson for the firm on Monday. PwC Australia provided a list naming four former partners…

The recent smoky air in New York City caused by Canadian wildfires is a stark reminder to fintech leaders of their role in addressing pressing global issues such as gender parity, financial inclusion, and climate change. These issues are intrinsically interconnected, and fintech tools have emerged as critical catalysts for…

Chinese luxury electric vehicle maker Nio stock posted Q1 2023 results that were roughly in line with estimates and indicated that it would cut prices on its vehicles as it looks to stoke demand. Total revenues for the quarter stood at about RMB 10.68 billion (about $1.55 billion), a year-over-year…

House Republicans are moving a proposal to temporarily increase the standard deduction. There is a lot to be said for raising the deduction. But doing it on a temporary basis or as an inflation-fighting tool (the rationale of its sponsors) makes no sense. Not fully paying for it with offsetting…