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  • Bangladesh in Turmoil: Quota Clashes Erupt

    Bangladesh in Turmoil: Quota Clashes Erupt0

    Bangladesh has been rocked by a series of violent clashes in recent weeks, stemming from frustrations over the government’s quota system for government jobs. A System of Reservations Bangladesh, like many countries, has a quota system for government jobs. This system aims to ensure representation for historically disadvantaged groups, including women, people with disabilities, and

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  • Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook

    Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook0

    The U.K. asset manager and insurer said it is confident of its ability to continue generating surplus cash and expects to pay out around £915M (£1 = $1.1848) this year and will aim for “low to mid-single-digit growth” in the dividend thereafter. “We are making excellent progress at Aviva,” chief executive Amanda Blanc said in

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  • Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump

    Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump0

    Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower bid it said undervalued the funeral services provider. Shares of InvoCare rose to A$12.36 by 0424 GMT, outperforming the broader

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  • Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

    Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged0

    Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if

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  • Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation

    Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation0

    The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one week, after hitting a five-month

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  • At least $1 billion of client funds missing at failed crypto firm FTX : Report

    At least $1 billion of client funds missing at failed crypto firm FTX : Report0

    At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters. A large portion of that total has since disappeared,

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