SYDNEY (Reuters) -Australian wages grew at the fastest annual pace in a decade last quarter, although quarterly gains missed forecasts, in a result that offers some temporary solace for policymakers who worry a price-wage spiral may lead to more rate hikes. Figures from the Australian Bureau of Statistics on Wednesday showed its wage price index…
SYDNEY (Reuters) – Australian wages increased at the fastest pace in a decade in the first quarter, although quarterly gains missed forecasts, in a result that offers some solace for policymakers who worry a damaging price-wage spiral would lead to more rate hikes. Figures from the Australian Bureau of Statistics out on Wednesday showed its…
By Blake Brittain (Reuters) – British singer-songwriter Ed Sheeran on Tuesday defeated a second copyright lawsuit in federal court in Manhattan over similarities between his hit “Thinking Out Loud” and Marvin Gaye’s “Let’s Get It On.” U.S. District Judge Louis Stanton dismissed the case brought by Structured Asset Sales LLC, ruling that the parts of…
By Jacqueline Thomsen and Blake Brittain (Reuters) – A U.S. federal appeals judge facing a competency investigation has been unable to complete simple tasks independently and threatened a staffer with arrest, according to witness reports included in an order from her court on Tuesday. An investigative committee of the U.S. Federal Circuit Court of Appeals…
By Julia Harte (Reuters) – South Carolina’s state House on Tuesday began a days-long debate over a bill to ban most abortions after six weeks of pregnancy, while state lawmakers in North Carolina and Nebraska took up separate legislation to restrict abortion in those states. In North Carolina, the Republican-controlled state legislature voted to override…
SINGAPORE (Reuters) -Singapore’s non-oil domestic exports fell 9.8% in April from the same month a year earlier, data on Wednesday showed, weighed down by declines in both electronic and non-electronic products. Last month’s decline compared with a Reuters poll forecast of a 9.4% drop, and extended the 8.3% contraction seen in March. On a month-on-month…
(Reuters) -Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday. In certain cases, without prior UBS approval, Credit Suisse cannot grant a new credit facility or credit line in an amount exceeding 100 million…
(Reuters) -Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday. In certain cases, without prior UBS approval, Credit Suisse cannot grant a new credit facility or credit line in an amount exceeding 100 million…
By Nandita Bose and David Morgan WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a looming U.S. debt default Tuesday, as the threat of an economic nightmare prompted Biden to cut short an Asia trip this week. After an hour of talks, McCarthy, the…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home Depot and U.S. retail sales data for April pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on sentiment. Home Depot declined 2.15% as one of the biggest drag…
