By Lewis Jackson SYDNEY Australia's largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers

By Lewis Jackson SYDNEY PwC Australia will appoint people from outside the firm to senior roles and link

By Joe Cash BEIJING Suriname hopes to strike a deal with China by mid-December over rescheduling interest payments

Illumina Inc. was hit with a €432 million ($476 million) fine for acquiring cancer-test provider Grail Inc. before

Boeing reported another hefty loss Wednesday as it trimmed its full-year forecast for deliveries of the 737 to address a...

SAO PAULO Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime

This just in: Memorial Day sale events aren’t really Nordstrom’s thing. Instead, the luxury American department store marches to the beat of its own drum with a limited-time deal-a-palooza called the Half-Yearly Sale. Hey, we’re not complaining. Rather, we’re already stocking up on a few discounted finds that are up to 60% off.

SEATTLE--(BUSINESS WIRE)--Aug 29, 2023--

President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis

S&P Global Ratings on Tuesday lowered Bangladesh's outlook to negative from stable, citing risks its external liquidity position

BRASILIA Brazilian central bank chief Roberto Campos Neto on Wednesday said policymakers need to persevere in anchoring inflation

A judge in Michigan rejected an effort to keep Donald Trump off ballots in the state’s 2024 Republican