Author: Press Room

© Reuters. A woman walks at the Maeklong market next to the train tracks, on the outskirts of Bangkok, Thailand September 21, 2016. REUTERS/Jorge Silva/File Photo BANGKOK (Reuters) – Thailand’s inflation rate fell for the first time in 25 months, thanks to falling energy prices due to government support measures and lower food prices, the commerce ministry said on Monday. Thailand’s consumer price index (CPI) fell 0.31% in October from a year earlier, versus a 0.3% year-on-year rise in the previous month, according to data. The figure compared with a forecast for 0.0% for October in a Reuters poll. The…

© Reuters. Boeing (NYSE:), the global aerospace and defense leader, has confirmed a significant cybersecurity breach by the notorious ransomware group, LockBit. The group has threatened to release Boeing’s data unless contacted within a specific timeframe. This breach was confirmed on Monday by both Boeing and VX Underground, an independent cybersecurity tracking organization. The cybercriminals targeted Boeing’s parts and distribution business under its Global Services division. This division provides material and logistical support to customers in over 150 countries, manufacturing commercial jets, defense products, and space systems. Despite the breach, Boeing assured that flight safety was not compromised. LockBit had…

© Reuters. Investing.com– Gold prices fell in Asian trade on Monday, as any relief over a potential pause in the Federal Reserve’s rate hikes was largely offset by traders selling the yellow metal in favor of more risk-driven assets.  Gold saw some strength last week as weaker-than-expected U.S. data, coupled with less hawkish signals from the Fed spurred deep declines in the dollar and Treasury yields. But any major upside in the yellow metal was limited, as traders pivoted largely into risk-driven assets such as stocks and currencies. Safe haven demand for the yellow metal was further dented by a…

Par Pacific Q3 2023 Earnings Preview

© Reuters. Investing.com– Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates. Focus now turns to key upcoming economic readings from China, as well as a Reserve Bank of Australia meeting this week for more cues on major Asian economies.  Sentiment was largely risk-on after data on Friday showed that U.S. grew less than expected in October. The reading signaled more cooling in the U.S. labor market, which has been a key…

Iowa Gov. Kim Reynolds will endorse Florida Gov. Ron DeSantis over former President Donald Trump for the 2024 Republican presidential nomination at a rally in Des Moines on Monday evening, sources familiar with the planning of the event confirmed to Fox News.The endorsement is seen as a boost for DeSantis’ presidential hopes as polls indicate the governor trailing frontrunner Trump in a distant second in Iowa and in national surveys.Reynolds, the popular two-term GOP governor of the state, is set to join DeSantis at his rally in Des Moines as a “special guest,” according to a social media account associated…

Two colleagues in medical masks bump elbows during coronavirus COVID-19 epidemic in office, getty Weeks after the IRS announced a moratorium on processing new Employee Retention Credit (ERC) claims, the IRS has issued more guidance on the program. Specifically, the IRS has issued an opinion about whether an employer can rely on communications from the Occupational Safety and Health Administration (OSHA) to determine whether they qualify as an “eligible employer” for purposes of the credit. ERC Here’s how the ERC works. Eligible employers are those that paid qualified wages to some or all employees after March 12, 2020, and before…

Toyota’s battle to catch up with Tesla in a new era of electric vehicles is playing out in one of the oldest parts of the carmaking business: the assembly line.The Japanese carmaker has been claiming technology breakthroughs in solid-state batteries and last week placed an $8bn bet on the US electric vehicle market as it tries to persuade investors of its ability to compete with Tesla.But Toyota is also being challenged by Tesla on the factory floor, where the world’s most valuable carmaker is pioneering a fundamental change to the way cars are made. Tesla chief executive Elon Musk argues…

© Reuters. Investing.com– The Reserve Bank of Australia is widely expected to raise interest rates when it meets on Tuesday, following signs of a resurgence in inflation and some hawkish comments from central bank officials. The RBA is expected to raise its to 4.35%, as stronger than expected released in October saw a string of analysts adjusting their expectations.  Australian banks ANZ and Westpac both brought forward their forecasts for a hike to November from December, while UBS and ING also expect a rate hike at the RBA’s November 7 meeting.  This was accompanied by a warning from new RBA…

© Reuters. By Lewis Jackson SYDNEY (Reuters) – Private equity group Allegro Funds said on Monday it had received the final approval for its takeover of Scyne Advisory, PwC Australia’s former government consulting wing, clearing the way for the deal to close this week. PwC Australia sold the business, once responsible for a fifth of revenue, in June for A$1 ($0.65) as government departments cut ties with the “big four” firm because of a national scandal involving leaked tax plans. Renamed Scyne Advisory, the sale is set to complete this Wednesday after Australia’s Foreign Investment Review Board cleared the deal…