SYDNEY (Reuters) - Australia's Wesfarmers said on Tuesday any move to break up its budget department store chain Kmart, hardware business Bunnings and chemicals maker WesCEF would drive up prices and put Australian businesses at a global disadvantage.
An Australian senate inquiry is considering whether to introduce laws making it easier for the competition regulator to make large retailers sell assets.
"Any breakup would only do two... (continue reading...)
By Sumit Khanna
AHMEDABAD, India (Reuters) - Eleven Indian states and territories including Prime Minister Narendra Modi's home state of Gujarat began voting on Tuesday in the third phase of general elections, with the country's Election Commission urging people to ensure a strong turnout.
India began voting on April 19 in a seven-phase election in which nearly one billion people are eligible to vote, with votes set to be counted on June... (continue reading...)
SYDNEY (Reuters) - Australia's tax office has sought from crypto currency exchanges the personal data and transaction details of up to 1.2 million accounts as it looks to crack down on users who may be failing to pay their taxes amid a rising interest in digital tokens.
In a notice issued last month, the Australian Taxation Office (ATO) said the data will help identify traders who had failed to report the exchange of crypto assets, or when they sold it... (continue reading...)
By Lewis Jackson
SYDNEY (Reuters) - The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global financial conglomerate Macquarie Group, its CEO Shemara Wikramanayake said on Tuesday.
"The outcomes there could impact what we're seeing in the world, whether people are focused on multilateral relationships and trade or more inwardly focused,"... (continue reading...)
MANILA (Reuters) - Philippine annual inflation increased for a third straight month in April due to a faster pace of price rises for food and transport, the statistics agency said on Tuesday.
The consumer price index rose 3.8% in April from a year earlier, below the 4.1% median forecast in a Reuters poll, and within the central bank's 3.5% to 4.3% forecast for the month. The April data brought year-to-date inflation to 3.4%, within the central bank's... (continue reading...)
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