SYDNEY (Reuters) – Australia’s central bank said on Wednesday that a rapid recovery in population growth was a big surprise for the bank’s economic forecasts, pushing up rents and leading to an earlier-than-expected stabilisation in housing prices after months of losses. Speaking at an event in Perth, Marion Kohler, the Reserve Bank of Australia’s (RBA)…
A look at the day ahead in European and global markets from Ankur Banerjee For the second time this year, Fed Chair Jerome Powell will take the stage in the wake of a bank failure (that’s three in the US for those keeping count: SVB, Signature Bank and First Republic) and as worries over the…
By Jack Queen (Reuters) – A friend of E. Jean Carroll on Tuesday backed up the writer’s account of being raped by Donald Trump, testifying during a civil trial that she received a phone call about the alleged attack minutes after it occurred. Author Lisa Birnbach told a jury in Manhattan federal court that she…
By Nandhini Srinivasan and Sriparna Roy (Reuters) – The rate of drug overdose deaths involving the synthetic opioid fentanyl more than tripled in the United States from 2016 through 2021, according to a report by the U.S. Centers for Disease Control and Prevention (CDC) released on Wednesday. Fentanyl is up to 50 times stronger than…
(This May 2 story has been corrected to attribute 2022 SEC proposal following post-publication review in paragraphs 6 and 7) By John McCrank (Reuters) – The U.S. Securities and Exchange Commission will decide on Wednesday whether to adopt new rules for advisors to hedge funds and private equity funds aimed at increasing transparency, competition, and…
(This May 2 story has been corrected to attribute 2022 SEC proposal following post-publication review in paragraphs 6 and 7) By John McCrank (Reuters) – The U.S. Securities and Exchange Commission will decide on Wednesday whether to adopt new rules for advisors to hedge funds and private equity funds aimed at increasing transparency, competition, and…
BEIJING (Reuters) -China supports Myanmar in finding its own path to development and urges the international community to respect its sovereignty and help it achieve peace and reconciliation, China’s foreign ministry said on Wednesday. Myanmar had been largely shunned by Western countries since its military overthrew an elected government led by Nobel Peace Prize laureate…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions…
By Brendan O’Boyle and Kylie Madry MEXICO CITY (Reuters) -The United States will continue to accept migrants from Cuba, Haiti, Nicaragua, and Venezuela under a humanitarian program after May 11, when the COVID-19 health policy known as Title 42 is set to end, the U.S. and Mexican governments said on Tuesday. Mexico, for its part,…
