By Herbert Lash NEW YORK (Reuters) – A gauge of global stock markets rose and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slightly slower-than-expected pace, suggesting the Federal Reserve is succeeding in taming high inflation. The Consumer Price Index rose 0.4% after rising 0.1% in March,…
By Kate Lamb LABUAN BAJO, Indonesia (Reuters) – Southeast Asian leaders pledged on Wednesday to crack down on online scams operated by human traffickers to prey on vulnerable job seekers, particularly in the poorest countries of the region. Meeting in Indonesia for a summit of the Association of Southeast Asian Nations, the leaders called for…
WASHINGTON (Reuters) – The House Judiciary Committee was set to consider a bill on Wednesday to pressure the OPEC oil production group to stop making output cuts that can result in higher fuel prices for U.S. drivers. The committee was expected to vote on the so-called No Oil Producing and Exporting Cartels, or NOPEC, bill,…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are seeking more information on Apple’s mobile payment system, the European Commission said on Wednesday, a sign that the enforcer is looking to close any loopholes and boost its case against the iPhone maker. The EU competition watchdog last year accused Apple of restricting rivals’…
By Laura Matthews NEW YORK (Reuters) – The dollar remained stable against a basket of currencies on Wednesday as data showed inflation slowed slightly more than expected last month but gave traders little clarity on the U.S. monetary policy outlook. A U.S. Labor Department report on Wednesday showed the annual increase in consumer prices dipped…
(Reuters) -Nordstrom Inc on Wednesday named former Target Corp CFO Cathy Smith as its new finance chief. Smith will take over from interim Nordstrom CFO Michael Maher on May 29. The U.S. retailer gets its first permanent finance chief since Anne Bramman stepped down in December, a month after the company adopted a “poison pill”…
BRUSSELS (Reuters) – The European Union’s top competition official on Wednesday said “all options” were on the table but did not indicate what her next steps could be after Lufthansa and SAS suffered a setback in Europe’s second-highest court. The court sided with Ryanair in annulling the EU’s decision clearing the German government’s 6-billion-euro ($6.6…
By Jack Queen (Reuters) – A jury in Manhattan decided on Tuesday that former U.S. President Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar. Here is a rundown of what could come next: WILL TRUMP…
By Lewis Krauskopf NEW YORK (Reuters) – Some investors are growing concerned that the U.S. economy may not be cooling fast enough to justify bets that the Federal Reserve will cut interest rates this year, threatening a view that has helped boost stocks. Expectations of rate cuts in the second half of the year have…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval was at 40% in recent days, close to the lowest level of his presidency, with Americans unhappy about his handling of immigration and inflation, a new Reuters/Ipsos poll showed. The three-day poll, which ended on Sunday, showed a marginal increase in Biden’s popularity…
