By Iain Withers LONDON (Reuters) -The dollar was on track for its best week in a month against major rivals on Friday, as the world’s reserve currency held its ground amid a selloff of riskier assets across markets. Investor...
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Stocks tumble as disappointing earnings fan investor fears
By Tommy Wilkes LONDON (Reuters) – Stock markets dropped on Friday, following on from a late slump in the U.S. as fears about the pace of monetary policy tightening and weaker-than-expected earnings from companies that soared in the...
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Qantas to cut more domestic capacity after W. Australia delays border opening
SYDNEY (Reuters) – Qantas Airways Ltd will cut domestic capacity by 10 more percentage points, to 60% of pre-pandemic levels, in the March quarter after the state of Western Australia indefinitely delayed opening its border, the...
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Dollar reverses losses, shows modest gain following 10-year TIPS auction
By Stephen Culp NEW YORK (Reuters) – The dollar fluctuated but remained rangebound on Thursday as this week’s upward trajectory of U.S. Treasury yields took a breather. While the dollar initially edged lower following the...
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Qantas raises stakes in battle over long-haul cabin crew contract
By Jamie Freed SYDNEY (Reuters) -Qantas Airways Ltd will seek to terminate contract terms with long-haul flight attendants, the carrier said on Thursday, in a move that would bring large pay cuts, after union members voted against more...
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Australia says no to 16-year-old forklift drivers as remedy to COVID supply chain pain
By Wayne Cole SYDNEY (Reuters) – Australia has ruled out letting teenagers as young as 16 drive forklift trucks to tackle a shortage of workers in coronavirus-hit supply chains, as it scrambles to scoop up millions of home testing...
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