By Leika Kihara TOKYO (Reuters) -Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations to take its first modest step away from ultra-loose monetary policy, even as inflation and wages creep up. The appointment of Kazuo Ueda as Bank of Japan (BOJ) governor this year and mounting price…
By Leika Kihara TOKYO (Reuters) -Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations to take its first modest step away from ultra-loose monetary policy, even as inflation and wages creep up. The appointment of Kazuo Ueda as Bank of Japan (BOJ) governor this year and mounting price…
By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Deputy Secretary Polly Trottenberg is taking over as acting head of the Federal Aviation Administration, the department said on Thursday. President Joe Biden also plans to name Katie Thomson, the FAA’s chief of staff, as deputy administrator, replacing Bradley Mims. Trottenberg’s appointment is effective immediately. She replaces…
By Filipp Lebedev and Gleb Stolyarov (Reuters) -Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there. While not illegal, Acer’s actions contrast with those of key…
BRASILIA (Reuters) – President Luiz Inacio Lula da Silva’s first nominees for top positions in Brazil’s central bank will not be involved in the upcoming interest rate decision on June 21 because their names will not be submitted for necessary approval by the Senate until the following week. The Senate’s Economic Affairs Committee announced on…
By David Shepardson and Joseph White (Reuters) -General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of…
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden warned Thursday about “ugly” attacks from “hysterical” people who are targeting LGBTQ+ Americans, as he announced new measures intended to curb book bans and rising hate crimes. “We have some hysterical and, I would argue, prejudiced, people” engaged in targeting LGBTQ people, Biden said….
By Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed higher on Thursday regaining some of their momentum thanks to a rebound by technology stocks, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week. The CBOE Volatility index, also known as Wall Street’s fear gauge, dropped…
By Aishwarya Nair and Bianca Flowers (Reuters) -Motorcycle maker Harley-Davidson has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said. Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted…
(Reuters) – Twenty-one teenagers from a church group were injured on Thursday when a section of wooden walkway at a Texas beach park collapsed, officials said. Five of the injured were taken to hospital by helicopter, six by ambulance and 10 by private vehicle, a Brazoria County statement said. “No individuals have life-threatening injuries. The…
