By Wayne Cole SYDNEY (Reuters) – The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or replace him. Here’s a list of people being touted as possible replacements. * Michele Bullock, 60, became the first female Deputy Governor of the RBA when she was appointed…
By Wayne Cole SYDNEY (Reuters) – With a July policy meeting done and dusted, the head of Australia’s central bank is waiting to hear if he will remain at the helm or take an early exit as past policy missteps come back to haunt him. Markets are still in the dark whether Treasurer Jim Chalmers…
(Reuters) – Fireworks being prepared for a Fourth of July spectacular ignited in a Texas warehouse on Tuesday, killing one person and injuring four and destroying the building where they were stored, officials said. The accident happened near the town of Gilmer in preparation for Independence Day fireworks in nearby Kilgore, both in rural Upshur…
BEIJING (Reuters) – China’s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum. The Caixin/S&P Global services purchasing managers’ index (PMI) eased to 53.9 in June from 57.1 in May, the lowest reading since January when COVID-19 swept…
By Kanishka Singh and Raphael Satter (Reuters) -Ten people were killed and 38 wounded in mass shootings in Philadelphia, Baltimore and Fort Worth ahead of the Fourth of July holiday, officials said, prompting a fresh call from President Joe Biden to pass gun control legislation. In Fort Worth, three people were killed and eight wounded…
SEOUL (Reuters) – Shares in K-Pop management agencies fell on Wednesday, after South Korea’s antitrust watchdog began investigations into any potential infractions of subcontracting rules when outsourcing production of albums and merchandise, Yonhap reported. The Korea Fair Trade Commission (KFTC) sent investigators to the offices of HYBE, SM Entertainment and YG Entertainment on Tuesday, Yonhap…
TOKYO (Reuters) – Japan’s service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May. That…
(Reuters) -The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on Tuesday. The BOE is considering the plan as a part of a review of the collapse earlier this year of U.S. bank Silicon Valley Bank, the newspaper reported, citing…
SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and Singapore, while aiming to increase commerce with other countries in Latin America and Asia. The leftist president’s remarks during a summit of Mercosur leaders in…
By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals widely used in semiconductors and electric vehicles were racing to secure supplies on Tuesday as some industry suppliers worried that curbs on rare earth exports could follow. Monday’s abrupt announcement of controls from Aug. 1…
