BUSINESS

Australia's central bank on Tuesday stuck with a slower pace of interest rate rises for a second month while revising up its inflation outlook, saying more rate hikes would be needed as it struggles to keep the economy afloat while battling inflation.

The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away.

Murphy said he was asking the Committee on Foreign Investment in the United States (CFIUS) -- which reviews acquisitions of U.S. businesses by foreign buyers -- "to conduct an investigation into the national security implications of Saudi Arabia's purchase of Twitter."

The new Musk-led entity formed under the merger agreement has also offered to buy back all of Twitter's outstanding bonds, according to the SEC filing.

Firefly has yet to specify the valuation it is seeking, the sources said. The space company was valued at more than $1 billion when private equity firm AE Industrial Partners became its controlling shareholder in March.

The most active wheat contract on the Chicago Board of Trade (CBOT) was up 5.7% at $8.77-3/4 a bushel at 0816 GMT, after reaching $8.93 earlier in the day for its highest since Oct. 14.

The ForceNet service, one of the external providers that the defence department contracts to run one of its websites, has come under attack but so far no data have been compromised, Assistant Minister For Defence Matt Thistlethwaite said.

At least five explosions were heard in the Ukrainian capital between 8:00 am (0600 GMT) and 8:20 am, according to AFP journalists.

Members of the Retail and Fast Food Workers Union (RAFFWU), one of three involved in negotiations and representing around 200 workers, will meet on Monday night and union representatives say more strikes will "absolutely" be discussed.

The city, which previously proposed limiting crypto trade to professional investors, has seen planned rules for digital assets heavily criticised for stifling innovation, prompting a slew of start-ups to move to other markets such as Singapore and Dubai.

The world's biggest automaker by sales said last week its global production rebounded by 30% in the quarter that ended in September, but warned shortages of semiconductors and other components would continue to constrain output in coming months.

Brent crude futures dropped 36 cents, or 0.4%, to $95.41 a barrel by 0151 GMT after slipping 1.2% on Friday.

Binance, the world's largest crypto exchange that has invested $500 million into Elon Musk's buyout of Twitter Inc, is creating a team to work on how blockchain and crypto could be helpful to Twitter, the company's spokesperson said on Friday.

But with inflation still set to be way above the BoE's 2% target in 2023 and some of Truss's costly help for households and businesses still in place, the only way is up for borrowing costs.

The pharmaceutical giant was also boosted by nearly two billion euros of sales for its flu vaccines, as many countries prepare for the peak winter flu season.

Pension funds that invest for teachers, police officers and state workers in New York, California, Florida, and Wisconsin also stand to cash in.

TMTG launched Truth Social in February in the Apple App Store and in Google's Play Store in October.

Chevron Corp on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S.

European Central Bank policymakers stood firmly behind plans to keep raising interest rates even at a cost to economic growth, as data on Friday showed rising inflationary pressures.

Revenue soared to 7.3 billion euros (dollars) in the peak July-September demand period, from 2.7 billion euros in the third quarter last year, IAG said in a statement.

Chief Executive Luis Gallego said all of IAG's carriers - which include Iberia, Aer Lingus and Vueling - were "significantly profitable" in the quarter and the recovery looked set to continue.

Year-on-year price growth hit 6.2 percent this month, statistics authority Insee said based on preliminary data, a new increase in inflation after it slowed in August and September.

Still, both benchmark oil contracts were on course for a weekly rise, with Brent heading for a gain of more than 2% and WTI more than 3%.

The world's top coal consumer still relies on the fuel to heat homes across much of the colder north, and Beijing is determined to ensure sufficient supplies this year after shortages led to unprecedented power outages in 2021.

Core consumer prices in Japan's capital, a leading indicator of nationwide figures, rose 3.4% in October from a year earlier, data showed on Friday, marking the fastest annual pace since 1989 in a sign of broadening inflationary pressure.

The Organization of the Petroleum Exporting Countries is scheduled to update its long-term oil demand forecasts in its 2022 World Oil Outlook on Oct. 31. The 2021 version sees oil demand plateauing after 2035.

Ahead of the United Nations Climate Change Conference, COP27, in Egypt in November, South Africa is betting big on the hydrogen economy with world's largest green ammonia project under the South African Hydrogen Society Roadmap (HSRM).

Ahead of cabinet approval for the relief measures, Prime Minister Fumio Kishida said the government would "seek swift approval" of an extra budget worth 29.1 trillion yen (around $200 billion).

The reading is the lowest in the survey's 23-year history and worse than in 2020, when COVID-19 first surfaced, and during the trade standoff between Beijing and Washington in 2019.