The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
HONG KONG, May 31 (Reuters) - KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday.
The appointment is effective from June 1, KKR said in a statement.
Turnbull, 64, served as Australia's 29th prime minister from September 2015 to August 2018, when he was ousted in a leadership battle.
The appointment marks a return to the world of finance for Turnbull, a former lawyer who held a host of high-profile corporate roles before entering politics as a local member of parliament in 2004.
In the 1990s, Turnbull was the local managing director of global investment bank Goldman Sachs Group Inc. He was also an investor in one of Australia's first internet service providers, OzEmail, reportedly buying a stake for A$500,000 ($345,450) in 1994 and selling it for A$57 million to MCI Worldcom five years later.
In office, Turnbull had several Cabinet ministries and shadow ministries for the conservative-leaning Liberal-National coalition, before orchestrating a leadership coup and becoming prime minister in September 2015.
He was himself unseated as prime minister in another leadership challenge in August 2018, one of four Australian prime ministers to be overthrown by their own party in a decade.
Turnbull's first appointment since leaving the government puts him in the company of several Australian prime ministers and senior politicians who have take up financial advisory roles after leaving office.
Former Prime Minister Paul Keating became an adviser to investment bank Lazard Australia, while former New South Wales Premier Bob Carr became a consultant to the country's biggest investment bank, Macquarie Group Ltd.
KKR counts around 18 senior advisors and 27 industry advisors who provide counsel on investment implications of trends and developments in public policy, regulation, societal needs and technology around the world.
Among the senior advisors with experience in the Asia-Pacific region are the former group chairman of HSBC Holdings PLC , John Bond, former chairman of Qantas Airways Ltd Leigh Clifford and former Singaporean minister Lim Hwee Hua, KKR's website showed. ($1 = 1.4474 Australian dollars) (Reporting by Kane Wu in Hong Kong and Byron Kaye in Sydney; Editing by Christopher Cushing)