By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was clinging close to a more than one week peak on Friday as a slew of data overnight pointed to a slowing U.S. economy, with investors betting that the Federal Reserve will further pause its interest rate increases. The dollar index, which measures the U.S. currency…
(Reuters) – U.S. Deputy Secretary for State Wendy Sherman is expected to leave her post in the summer, CNN reported on Thursday, citing people familiar with the matter. Her replacement is not known, CNN reported. It gave no reason for the change. Sherman, a foreign policy veteran, has been in the role since April 2021…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -The world’s second largest aircraft lessor, SMBC Aviation Capital, has warned that India’s decision to block leasing firms from reclaiming Go First planes will jolt the market and spark a confidence crisis, legal papers show. SMBC, along with firms such as Jackson Square Aviation and Bank…
By Jarrett Renshaw and Jeff Mason WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week, a White House spokesperson said on Thursday. Aides from both sides have started to discuss ways…
(Reuters) – U.S. Treasury Secretary Janet Yellen will discuss the impasse over raising the government debt ceiling with board members of the Bank Policy Institute lobby group next week, a senior Treasury official told Reuters. Yellen’s meeting with the board – which includes the chief executives of JP Morgan, Jamie Dimon, and of Citigroup’s, Jane…
By Chavi Mehta, Sheila Dang and Dawn Chmielewski (Reuters) – Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet: “Excited to…
(Reuters) – Australia’s QBE Insurance Group Ltd said on Friday costs associated with catastrophic claims for the four months of 2023 had reached nearly 90% of the allowances it had set aside for the first-half, dragging its shares nearly 9%. QBE, the country’s biggest insurer by market capitalisation, said net cost of catastrophe claims was…
TAIPEI (Reuters) – Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier’s quarterly profit missed forecasts and it cited a big writedown from its stake in Japan’s Sharp Corp for the loss. The stock of Foxconn, the world’s largest contract electronics maker, slid 2.4% in early trade, while Sharp’s shares…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday rejected an effort to disqualify the law firm defending JPMorgan Chase & Co against a lawsuit by women who claim they were abused by Jeffrey Epstein and that the bank aided in the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in…
By Allison Lampert MONTREAL (Reuters) -Air Canada pilots eyeing “historic” workplace gains said on Thursday that full bargaining with the carrier was likely to start this summer, before the end of their decade-long contract, according to a letter to union members. North American pilots are pressing for higher salaries and better scheduling after aviators made…
