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SYDNEY, May 18 (Reuters) – Australia’s centre-left government is facing voter blowback after breaking election promises to roll out the biggest changes to investment taxes in decades in its latest budget, according to two closely watched polls. • The government last week said it would limit capital gains tax discounts and negative gearing on assets to address intergenerational inequity. • The policies have been criticised for skewing home ownership towards […]

By Karen Lema MANILA, May 18 (Reuters) – The Philippine Senate was due to convene as an impeachment court on Monday that could decide the future of Vice President Sara Duterte, with a heated battle between two rival political camps set to be front and centre in the trial.   The impeachment trial will be a high-stakes event that could either kill off Duterte’s 2028 presidential hopes, or strengthen her position […]

May 18 (Reuters) – Russia attacked Ukraine with drones and missiles overnight, targeting the cities of Odesa in the south and Dnipro in the southeast, injuring a total of 11, with two boys among them, Ukrainian officials said on Monday. In the major Black Sea export port of Odesa, drones hit residential buildings, a school and a kindergarten, Serhiy Lysak, the head of the local military administration, said on messaging […]

Carson Benge drove in the winning run in the 10th inning for the second time in a week as the New York Mets stormed back from a five-run deficit to stun the visiting New York Yankees 7-6 in the deciding game of this season’s first Subway Series on Sunday. The Mets’ Luis Torrens had a two-run pinch-hit double in the sixth when the team was down 6-1, while Tyrone Taylor […]

MELBOURNE, May 18 (Reuters) – Hancock Prospecting, owned by Australia’s richest person, Gina Rinehart, has added defence, gold and rare-earths holdings to its $3.3 billion U.S. portfolio this year, filings showed on Monday.  Hancock added CrowdStrike, L3Harris, Lockheed, Northrop Grumman and RTX as part of a $133 million portfolio shift towards defence firms and gold in March, according to a filing from May 15. The company also added major gold […]

Alex Palou put himself in prime position to defend his Indianapolis 500 title by winning the pole in qualifying Sunday for the May 24 race. The Spaniard earned his second career pole with a four-lap average speed of 232.248 mph at Indianapolis Motor Speedway. The four-time and reigning IndyCar Series champion, Palou also won the pole for the race in 2023 and finished fourth. Helio Castroneves, a four-time Indy 500 […]

By Rae Wee SINGAPORE, May 18 (Reuters) – Bonds from Tokyo to New York extended losses on Monday as rising energy prices from the ongoing Middle East war fanned inflation fears and stoked investor wagers on rate hikes from global central banks. Benchmark 10-year U.S. Treasury yields, which move inversely to prices, jumped to their highest since February 2025 in early Asia trade at 4.6310%, having climbed more than 20 […]

May 17 (Reuters) – Online fast-fashion platform Shein is acquiring Everlane from majority owner L Catterton in a deal valuing the U.S.-based apparel retailer at about $100 million, Puck News reported on Sunday, citing people familiar with the matter. Those with common stock in Everlane will not receive a payout, the report said. There was no information on whether preferred shareholders would receive cash or shares in Shein as part […]

By Che Pan and Laurie Chen BEIJING, May 18 (Reuters) – Changxin Memory Technologies (CXMT), China’s top memory chipmaker, said on Sunday it expects first-half revenue to reach 110 billion yuan to 120 billion yuan ($17.62 billion), according to a renewed prospectus, as surging memory chip prices boost its business outlook. Memory chip prices have risen globally as an artificial intelligence-driven boom in computing chips fuels a memory supercycle. The […]