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Australia to announce US$3.8bil fund for major public transport projects

CANBERRA: The Australian government is expected to announce a A$5bil (US$3.8bil) fund for major public transport projects as part of its federal budget, a spending plan under more scrutiny than usual as it doubles as an unofficial election campaign launch.


Yen rally gains strength

TOKYO: The yen’s world-beating rally against the dollar looks to be gathering momentum, as central bank inaction on both sides of the Pacific Ocean leaves inflation expectations to drive the exchange rate.


Wrong-way trades rule US stock market’s recovery

NEW YORK: Here’s what happened during the rebound in equities that added nearly $3 trillion to US share values in 10 weeks: mutual funds hoarded cash, short sellers tightened their grip on bearish bets and individuals bailed out of the market.


Funds miss out on best gold rally in two months

CHICAGO: Nothing seems to be slowing down the gold market, even when speculators take a step back.


Mobius adds cash to Brazil saying Rousseff removal not priced in

LONDON: Franklin Templeton is increasing its investments in Brazil, betting the expected ouster of President Dilma Rousseff this month will boost the country’s assets.


Indiana to test Donald Trump’s staying power with evangelicals

INDIANAPOLIS (Reuters) - Donald Trump's success in the race for the White House may well depend on the support of Republican evangelicals suspicious of the front-runner's more liberal side as he discloses his social views.


Unloved Hollande courts the French anew

PARIS (Reuters) - "Je ne t'aime plus, mon amour" -- "I don't love you any more, my love" -- was the wistful song of a love gone cold which greeted devotees of President Francois Hollande as they arrived at a rally for him last week.


Five Seattle police injured, nine people arrested after May Day marches

(Reuters) - Five Seattle police officers were injured and at least nine people arrested on Sunday night, after unruly demonstrators hurled projectiles and Molotov cocktails and broke windows, authorities said.


Rousseff says opponents plotting to water down Brazil labor laws

SAO PAULO (Reuters) - Brazil's beleaguered President Dilma Rousseff on Sunday vowed to raise spending on her party's signature anti-poverty program in an appeal to her political base, warning that her opponents would slash social expenditure if she is stripped of office.


May Day rally in Los Angeles features strong anti-Trump theme

LOS ANGELES (Reuters) - Hundreds of people marched through Los Angeles on Sunday in a May Day rally that took aim at Republican presidential front-runner Donald Trump for his anti-illegal immigration platform that includes building a wall along the U.S. border with Mexico.