By James Oliphant and Gram Slattery WASHINGTON (Reuters) -The first Republican debate of the 2024 U.S. presidential campaign is shaping up as a crucial moment for Florida Governor Ron DeSantis, who badly needs some momentum in his challenge to former President Donald Trump for the party’s nomination. Complicating the matter for DeSantis: Trump, by far…
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the recent rise in food prices risks becoming entrenched, economists and market participants said. A July 13-31 Reuters poll of 75 economists showed the…
LONDON/NEW YORK (Reuters) -UBS on Monday announced an overhaul of its investment banking division, including naming the unit’s M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on the opportunity presented by the rescue takeover of Credit Suisse in March to reorganize its investment bank to better compete…
SYDNEY (Reuters) – Australian business conditions again proved solid in July with sales, profits and employment all above average, while a spike in labour costs and prices suggested inflationary pressures had yet to abate. A survey from National Australia Bank Ltd (NAB) released on Tuesday showed its index of business conditions dipped to +10 in…
By Jacqueline Thomsen WASHINGTON (Reuters) -Donald Trump’s lawyers urged a federal judge on Monday to reject a protective order sought by prosecutors ahead of the former U.S. president’s 2020 election trial, saying it would violate his free speech rights under the Constitution. Prosecutors, in asking for the protective order, argued that Trump could otherwise improperly…
By Nate Raymond (Reuters) -A federal appeals court on Monday blocked the Biden administration from proceeding with another piece of its student debt relief agenda, a rule that would make it easier for people who are defrauded by their schools to have their loans forgiven. At the request of a group representing for-profit colleges, the…
By Lananh Nguyen NEW YORK (Reuters) – U.S. investment bankers who advise companies on deals can expect their bonuses to sink 20% to 25% this year as markets stay subdued, according to projections from compensation consultant Johnson Associates. The gloomy outlook will also weigh on investment bankers in debt and equity underwriting, where bonus pools…
By Elissa Welle NEW YORK (Reuters) – A new study is raising fresh questions about the value of breast cancer screening in older women, finding that those 70 and older who underwent mammograms were more apt to be diagnosed with tumors posing no threat to their health than those who did not screen. The study…
By Kantaro Komiya TOKYO (Reuters) -Japanese real wages fell for a 15th straight month in June, while nominal pay growth also slowed, suggesting companies will need to do more on salary hikes to drive a virtuous growth cycle and allow the central bank to consider exiting easy policies. Separate data on Tuesday showed Japan’s consumer…
By Greg Bensinger SAN FRANCISCO (Reuters) -San Francisco may be the symbolic capital of the tech industry, and the hub of next-generation services like artificial intelligence, but when it comes to self-driving cars, city officials are clear: not so fast. The question comes to a head later this week, when a state agency decides whether…