By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. Powell, speaking at a European Central…
BRISBANE (Reuters) – NASA is looking to develop resources on the moon that initially include oxygen and water, and eventually may expand to iron and rare earths, and has already taken steps toward excavating moon soil in 2032, a scientist said on Wednesday. The U.S. space agency plans to return Americans to the moon as…
By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also cooled in a sign interest rates might not have to rise again in July. Data from the Australian Bureau of Statistics on Wednesday showed its…
By Renju Jose SYDNEY (Reuters) – Australia’s budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget but high inflation and global challenges will “significantly slow” the domestic economy, Treasurer Jim Chalmers said on Wednesday. Strong jobs growth and bumper mining profits will swell government coffers, similar…
(Reuters) – Qantas Airways has appointed Rob Marcolina as its new chief financial officer, the company said on Wednesday, succeeding Vanessa Hudson who was in May named the carrier’s first woman CEO. Marcolina, who joined in 2012, is currently group executive of strategy, people and technology and will take over once Hudson starts as CEO…
(Refiles to correct first sentence to fix day of week to Tuesday) By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index retreated on Tuesday after a host of economic data releases indicated the U.S. economy remains resilient and may not be close to a recession, while the euro strengthened after comments from European Central…
By Lewis Jackson SYDNEY (Reuters) – PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday it would sell the division for A$1 ($0.67) to…
By Melanie Burton BRISBANE (Reuters) -Australia’s critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP’s CEO said on Tuesday. BHP CEO Mike Henry’s comments came a week after Australia, one of…
By David Brunnstrom and Eric Beech WASHINGTON (Reuters) -U.S. Chief of Naval Operations Admiral Michael Gilday said on Monday the United States did not underestimate the difficulties ahead in realizing a three-nation project to supply Australia with nuclear-powered submarines and still did not know exactly where the initial batch of vessels would come from. U.S….
By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy…
