By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The dollar’s renewed strength against most major currencies will not fade away anytime soon, according to FX strategists polled by Reuters, who said it would take rate cuts from the Federal Reserve to weaken the currency substantially. The greenback has recouped all of its roughly 3%…
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia (RBA) will hike its key interest rate once more by the end of September to 4.35% following a surprise hike on Tuesday and then hold policy for the rest of the year, according to economists in a snap Reuters poll. Having paused rate increases…
By Philip Pullella, Crispian Balmer and Alvise Armellini ROME (Reuters) -Pope Francis underwent a three-hour operation in a Rome hospital on Wednesday to repair a hernia, which doctors said was successful enough that he should have no limitations on his travels and other activities after he recovers. “He even joked with me about when we…
By David Shepardson WASHINGTON (Reuters) – The head of the U.S. auto safety agency’s defects investigation office said on Wednesday he has left the agency to join Amazon.com’s self-driving unit Zoox. Stephen Ridella, who had served as director of the National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation since 2017, oversaw key investigations…
By Steve Keating TORONTO (Reuters) – After being hit with a couple of LIV Golf bombshells, COVD-19 and even forest fires, it is doubtful that any PGA Tour event has endured more adversity than the Canadian Open. The world’s third-oldest national open championship the Canadian Open is taking a double hit this week, pushed out…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime Minister Fumio Kishida’s government said in its draft mid-year policy framework, while signalling an end to crisis-mode stimulus spending to return to one in “peacetime”. The draft plan, which was presented at Kishida’s top economic…
By David Morgan and Gram Slattery WASHINGTON (Reuters) -The U.S. House of Representatives will postpone all votes until next week, Speaker Kevin McCarthy said on Wednesday, as a conservative revolt paralyzed the Republican Party’s efforts to advance its agenda in Washington. The standoff between U.S. House Speaker Kevin McCarthy and a hardline faction of his…
By Helen Coster (Reuters) -CNN Chairman and Chief Executive Chris Licht has stepped down from the media company, effective immediately, parent company Warner Bros. Discovery said on Wednesday. The company said that as it seeks Licht’s replacement, it has put in place an interim leadership team including Amy Entelis, EVP of talent and content development;…
By Shubham Batra, Shristi Achar A and David Carnevali (Reuters) – The S&P 500 and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week. The small-cap index Russell 2000 climbed 1.78% as investors kept moving away from…
By Shubham Batra, Shristi Achar A and David Carnevali (Reuters) – The S&P 500 and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week. The small-cap index Russell 2000 climbed 1.78% as investors kept moving away from…
