SYDNEY (Reuters) – The Reserve Bank of Australia raised its cash rate by 25 basis points to 2.60% on Tuesday following a monthly policy meeting. The following is a chronology of the Reserve Bank of Australia’s interest rate moves since 1990. Each move is measured in basis points (bp), which are one-hundredths of a percentage…
BUENOS AIRES (Reuters) – Argentina on Monday announced measures aimed at boosting technology exports to $10 billion in 2023, as it seeks to support growth of the “knowledge economy”. The measures, implemented through a presidential decree, will make 20% of the foreign currency entering the country and 30% of the money resulting from export growth…
By Tom Westbrook SYDNEY (Reuters) – Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound. In trade thinned by holidays in China and Hong Kong, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, led by a…
The CEO of American Airlines said Monday that his airline needed a partnership with JetBlue because Delta Air Lines had bulked up through a merger sooner than American, had more takeoff and landing rights at New York airports, and fewer unionized workers. Robert Isom also conceded that Delta has “run a nice, reliable airline” and…
WASHINGTON (Reuters) – Boeing Co does not anticipate winning approval from the Federal Aviation Administration (FAA) for the Boeing 737 MAX 10 before next summer, according to an agency letter sent on Monday. Boeing faces a December deadline to win approval of the 737 MAX 7 and 10 variants or it must meet new modern…
By Dave Graham MEXICO CITY (Reuters) – Talks between the United States and Mexico to resolve a dispute over energy policy will extend beyond an initial consultation period as the two sides narrow differences, officials said on Monday. The U.S. Trade Representative (USTR) in July demanded dispute settlement talks on the grounds that Mexican President…
By Akash Sriram and Savyata Mishra (Reuters) – Tesla Inc shares closed down 8.6% in their steepest single-day decline in four months on Monday after third-quarter vehicle deliveries fell short of Wall Street estimates due to logistic hurdles, with slowing outlook for economic growth raising doubts about demand. The tumble wiped out more than $71…
By Aishwarya Nair (Reuters) – General Motors Co outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales. Thus far, a shortage of cars due to supply disruptions,…
By Oliver Hirt and Michael Shields ZURICH (Reuters) -Credit Suisse Group AG saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday before clawing back some of the losses amid concerns about the lender’s ability to restructure its business without asking for more money. The situation prompted Swiss…
By Richa Naidu and Jessica DiNapoli LONDON (Reuters) -Diageo PLC’s Chief Executive Ivan Menezes believes Scotland could face a water shortage due to climate change unless businesses and lawmakers act, he said at the Reuters Impact conference on Monday. The threat in Scotland, where Diageo is the biggest exporter of Scotch whisky through brands like…
