Reuters

SYDNEY (Reuters) - Australia's government will boast a second consecutive budget surplus on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of living relief and industry incentives.

Figures from Treasury showed the government is expected to post a surplus of A$9.3 billion ($6.14 billion) for the fiscal year to June 2024, after a A$22.1 surplus last year, marking the first back-to-back budgets in the... (continue reading...)

(Reuters) -Grupo Aeroméxico SAB de CV recorded a 29% jump in revenue for 2023, the Mexican airline disclosed in its paperwork for an initial public offering in the United States on Monday, more than two years after it exited bankruptcy proceedings.

The company is among many that have flocked towards U.S. bourses in recent months as they seek to tap into the broader pool of capital and richer valuations that American markets offer.

The... (continue reading...)

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets.

Asian markets on Tuesday will be looking to maintain the positivity with which the week has started, with subdued volatility, stable bond markets and mostly upbeat stocks trumping worries over tariffs and gloomy Chinese data.

For now, at least.

U.S. President Joe Biden is expected to announce new China tariffs this week, targeting strategic... (continue reading...)

By Anastasiia Malenko

KYIV (Reuters) - Britain's opposition Labour Party affirmed its "ironclad" commitment to Ukraine during a visit to Kyiv on Monday by the party's foreign and defence chiefs.

David Lammy and John Healey met Ukraine's defence minister and President Volodmyr Zelenskiy's top aide on the visit, during which they travelled to suburbs scarred by Russia's occupation early in the war and paid their respects to victims in the... (continue reading...)

By Alexandra Alper and David Ljunggren

WASHINGTON (Reuters) - The White House on Monday gave a Chinese-linked company and its partners 120 days to sell property they had bought near a U.S. Air Force base in Wyoming that is home to part of the U.S. nuclear arsenal, citing fears of spying.

The move comes as the United States has become increasingly concerned about the national security risks posed by Chinese-led purchases of American... (continue reading...)