Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan's Dai-ichi Life Holdings (8750.T).
Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to taper asset purchases, major global fund managers say they remain invested in risky assets.
President Joe Biden on Tuesday nominated veteran prosecutor Damian Williams to be the U.S. attorney for Manhattan, which would put him in charge of one of the most high-profile federal prosecutor offices in the country.
British police confirmed that a British national who was arrested by German authorities had been held on suspicion of committing offences relating to being engaged in "intelligence agent activity."
Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613 million in digital coins they stole, the company at the center of the hack said on Wednesday.