(Corrects April 27 story to clarify in paragraph 15 that the statement is attributed to FMC commissioner, not the Commission) By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Tighter U.S. rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers, hitting a sector that has already shed nearly 90,000…
INCHEON, South Korea (Reuters) -South Korea’s central bank chief welcomed an easing in inflation but said it was “a little bit premature” to suggest it will start to cut rates as early as this year given that inflation is still above its policy target. Bank of Korea Governor Rhee Chang-yong also said during an interview…
By Sujith Pai BENGALURU (Reuters) – Indonesian annual economic growth likely slowed to its weakest in more than a year in January-March and shrank on a quarterly basis as lower commodity prices hit exports and higher interest rates restricted domestic demand, a Reuters poll found. Southeast Asia’s largest economy grew 4.95% in the first quarter…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday refused to let Peloton Interactive Inc customers pursue a class action accusing the bike and treadmill maker of misleading them about the “ever-growing” size of its library of on-demand fitness classes. In a 74-page decision, U.S. District Judge Lewis Liman in Manhattan said…
By Pete Schroeder (Reuters) – The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at the failed Silicon Valley Bank and Signature Bank, as well as top U.S. banking regulators at separate hearings later this month. Gregory Becker, the former CEO of Silicon Valley Bank, and Scott Shay and…
By Daina Beth Solomon MEXICO CITY (Reuters) – Thousands of pro-business union contracts in Mexico are set to expire as Mexico ends a historic campaign to wipe out deals between employers and unions cozy with management that have kept wages low, a key commitment under a North American trade deal. Of 139,000 collective contracts in…
By David Shepardson WASHINGTON (Reuters) -The Biden administration does not plan to extend a July 1 deadline for airlines to upgrade airplane altimeters, the measuring instruments that are crucial for bad-weather landings, to address potential interference from 5G wireless technology, Transportation Secretary Pete Buttigieg said. Buttigieg in a call on Tuesday told airlines that the…
By David Shepardson WASHINGTON (Reuters) -The Biden administration does not plan to extend a July 1 deadline for airlines to upgrade airplane altimeters, the measuring instruments that are crucial for bad-weather landings, to address potential interference from 5G wireless technology, Transportation Secretary Pete Buttigieg said. Buttigieg in a call on Tuesday told airlines that the…
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve kicks off a two-day policy meeting on Tuesday that is likely to push the U.S. central bank’s benchmark overnight interest rate to its highest level in nearly 16 years, hitting a potential plateau that will test the economy in a way not seen since the onset…
(Reuters) – Censured Montana transgender Representative Zooey Zephyr on Tuesday lost a last-minute legal attempt to rejoin debate on the House floor, as a Montana judge rejected her attempt to overturn the legislature’s punishment that silenced her. Republicans controlling Montana’s House of Representatives on April 26 barred Zephyr, a Democrat, from the House floor, anteroom…
