By Karen Brettell NEW YORK (Reuters) – The dollar fell to a two-month low against a basket of currencies and a one-year low against the euro on Thursday after U.S. producer prices unexpectedly fell in March, boosting expectations that the Federal Reserve is near the end of its rate hiking cycle. The producer price index…
(Reuters) – After central banks across Latin America and the Caribbean raised rates to battle inflation, the International Monetary Fund is now pointing at less spending from governments to help slow down price pressures – while reminding the region’s rich to pay more taxes. “Fiscal policy can help monetary policy in reducing demand pressures,” the…
By Mike Scarcella (Reuters) – Food and drug retailer Kroger Co on Wednesday asked a U.S. judge to dismiss as “speculative” a consumer antitrust lawsuit alleging the company’s proposed $24.6 billion acquisition of rival Albertsons Companies Inc would lessen grocer competition and drive up prices. Lawyers for Kroger said in a filing in California federal…
WASHINGTON (Reuters) – The United States arrested Air National Guard employee Jack Teixeira on Thursday in connection with transmission of classified defense information, U.S. Attorney General Merrick Garland said. “FBI agents took Teixeira into custody earlier this afternoon without incident,” Garland said at a brief statement at the Justice Department. (Reporting by Sarah N. Lynch…
By Steve Holland, Amanda Ferguson BELFAST (Reuters) -U.S. President Joe Biden urged Northern Irish political leaders to restore their power-sharing government with the promise that scores of major U.S. corporations were ready to invest in the region as he marked the 25th anniversary of peace in Belfast. Biden, who is fiercely proud of his Irish…
WASHINGTON (Reuters) – The U.S. Senate Labor committee will hold an April 20 confirmation hearing on U.S. Labor Secretary nominee Julie Su, panel chairman Senator Bernie Sanders said in a statement. President Joe Biden had nominated Su for the Cabinet post in February but her nomination has raised some pushback from industry circles. (Reporting by…
By Angelo Amante, Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni chose unity over getting her way when she realised that imposing her own candidates to lead state-controlled companies on her coalition partners would threaten government stability, politicians said. After the raft of appointments announced on Wednesday at companies including energy…
By Bart Biesemans, Layli Foroudi and Ingrid Melander PARIS (Reuters) -Union activists barged into the Paris headquarters of luxury goods company LVMH on Thursday, saying the French government should shelve plans to make people work longer for their pension and tax the rich more instead. In a 12th day of nationwide protests since mid-January, striking…
(Reuters) – U.S. actor Jamie Foxx is recovering following “a medical complication”, his daughter Corinne Foxx has said. The Oscar winner was hospitalised in Atlanta, where he was filming a new comedy with actress Cameron Diaz, according to Hollywood industry publication Variety. “We wanted to share that my father, Jamie Foxx, experienced a medical complication…
By Diane Bartz WASHINGTON (Reuters) -Google faced pointed questions from a judge on Thursday as it argued that the U.S. Justice Department’s allegations that it broke antitrust law to build and maintain its dominance of search are flawed and that the agency’s lawsuit should be thrown out. The government, which filed its lawsuit in the…
