By Wayne Cole SYDNEY (Reuters) -The head of Australia’s central bank will find out in July whether he will be reappointed to a second term, as customary, or be passed over for a new leader as part of the biggest shake-up of the institution in decades. Treasurer Jim Chalmers told reporters on Thursday he would…
(Reuters) – The Caribbean islands of St. Lucia and Martinique will shut down schools and nurseries tomorrow ahead of the arrival of one of the season’s first tropical storms, officials said on Wednesday. The storm is forecast to move across the area late on Thursday. “After 21 days into the hurricane season an unusually early…
HOUSTON (Reuters) – A fire on a reformer at Exxon Mobil Corp’s 564,440 barrel-per-day (bpd) Baytown, Texas, refinery was quickly extinguished on Wednesday, said people familiar with plant operations. The fire was put out a few minutes after it began on Wednesday afternoon on the 65,000-bpd Hydroformer 4, the sources said. No injuries were reported….
By Gabriella Borter (Reuters) – Around the world, the story of the missing Titanic submersible and its rescue operation’s race against time has been riveting onlookers. People have been glued to their television screens, fascinated by maritime experts detailing the hurdles for rescue efforts in a vast expanse of sea. They have been watching their…
By Rae Wee SINGAPORE (Reuters) – The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise. Sterling was perched near a one-year high ahead of the Bank of England’s (BoE) interest…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel, the agency’s latest action against the ecommerce giant in recent weeks. The FTC sued Amazon in federal court…
WASHINGTON (Reuters) -The U.S. State Department on Wednesday announced a new visa restriction policy targeting foreign government officials and agents who assist fugitives in evading the U.S. justice system. The Fallon Smart policy is named after a 15-year-old who was killed in a hit-and-run incident in Oregon in 2016, U.S. Secretary of State Antony Blinken…
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported on Thursday, citing people familiar with the matter. The company’s CEO Pietro Labriola started sounding out potential investors about a deal earlier this month by…
By Howard Schneider WASHINGTON (Reuters) -Further Federal Reserve rate increases are “a pretty good guess” of where the central bank is heading if the economy continues in its current direction, Fed Chair Jerome Powell said in remarks on Wednesday to lawmakers on Capitol Hill. In response to a question late in a three-hour hearing before…
By Arathy Somasekhar (Reuters) – Oil prices held on to most of the previous day’s gains in early trade on Thursday as markets weighed an unexpected draw in U.S. crude oil stocks against the prospect of weaker demand after the Federal Reserve chairman hinted at further interest rate hikes. Brent futures slipped 8 cents, or…
