PwC Work Suspended by 77 bln Australian Pension Fund

SYDNEY, July 4 Reuters Australia39;s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans. The decision by UniSuper, which manages A115 billion 77 […]
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Tesla, BYDs China Deliveries Hit Record High in Q2

BEIJINGSHANGHAI, July 4 Reuters U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their Chinamade vehicles in the secondquarter, China Passenger Car Association CPCA data showed, as a fight for market share heats up. Tesla sold 93,680 Chinamade electric vehicles EVs in June, up 18.72 from a year earlier, when Tesla39;s factory in […]
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South Korea Consumer Inflation Hits 21Month Low

SEOUL, July 4 Reuters South Korea39;s consumer inflation slowed more than expected and hit a 21month low, official data showed on Tuesday, weighed by falling oil and agricultural product prices. The consumer price index rose 2.7 in June from a year earlier, compared with an increase of 3.3 in May and a median forecast of […]
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RBA Holds Rates, Signals more Hikes Maybe Required

SYDNEY, July 4 Reuters Australia39;s central bank on Tuesday held interest rates steady saying it wanted more time to assess the impact of past hikes, but reiterated its warning that further tightening might be needed to bring inflation to heel. Wrapping up its July policy meeting, the Reserve Bank of Australia RBA kept its cash […]
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