Tougher rules may be needed
because top auditors are failing to challenge statements by
companies about their financial health and bonuses that are used
by investors to make decisions, Britain's audit regulator said
Prime Minister Theresa May's
Brexit deal came under fire from allies and opponents alike on
Wednesday after the government was forced to publish legal
advice showing the United Kingdom could be locked indefinitely
in the European Union's orbit.
President Emmanuel Macron's
government is dropping further fuel-tax hikes in next year's
budget in the face of protests across France over living costs,
his prime minister said on Wednesday, a day after announcing
their suspension for six months.
Australian shares were set for a slight
recovery on Thursday with stronger iron ore prices likely to
support mining stocks, though nervousness after the previous
session's Wall Street selloff could return to haunt domestic
China's construction steel rebar jumped more than 4 percent
Canada's Brookfield Asset
Management Inc will be the largest single commercial
property owner in New York City after its $11.4 billion purchase
of Forest City Realty Trust Inc closes in coming days,
a Brookfield official said on Wednesday.