By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank suffered an early end to his 43-year career on Friday as past missteps in pandemic policy so tested public trust in the institution that the government felt compelled to drop him. If there’s a moral to the tale of Reserve Bank of Australia…
(Reuters) -Demand for power in Texas hit a record high for a second day in a row on Thursday as homes and business kept air conditioners cranked up during a lingering heat wave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said Thursday he’s not ready to call an all clear on U.S. inflation and favors more rate rises this year, saying the upcoming July meeting should bring an increase. “The robust strength of the labor market and the solid overall performance of the…
SYDNEY (Reuters) – Australia on Friday appointed Michele Bullock as the next central bank governor, replacing Philip Lowe. Reserve Bank of Australia (RBA) Governor Lowe’s current seven-year term is due to finish on Sept. 17, and will now mark the end of his 43-year career at the bank. (Reporting by Stella Qiu; Editing by Alasdair…
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank will not be reappointed for a second term as the Labor government seeks a new pair of hands for an institution scarred by criticism over sharply rising interest rates, several media outlets reported on Friday. Australian Prime Minister Anthony Albanese and Treasurer Jim…
(Reuters) – Elanco Animal Health said on Thursday the U.S. Environmental Protection Agency (EPA) has deemed the company’s Seresto flea and tick collars for pets safe for use following a multi-year review. The collars for cats and dogs, developed by Bayer and now sold by Elanco, are designed to deliver small amounts of flea and…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks extended recent gains to end higher on Thursday, with the Nasdaq rising more than 1% for a second straight day, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years. The data provided more evidence that inflation pressures were…
WASHINGTON (Reuters) – The U.S.-based National Foreign Trade Council on Thursday blasted Canada for its refusal to back a global agreement to hold off on implementing digital services taxes for at least another year, and said the move could invite retaliation. NFTC President Jake Colvin said he welcomed news from the OECD that most countries…
By Anirban Sen NEW YORK (Reuters) -AG Mortgage Investment Trust Inc, a real estate investment trust (REIT) managed by Angelo Gordon & Co, said on Thursday it made a stock-and-cash offer for Western Asset Mortgage Capital Corp, a peer managed by Franklin Resources Inc, that values it at about $300 million, including debt. If successful,…
(Reuters) -The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The FTC this week sent a 20-page demand for records about how OpenAI — the maker…
