China to tread warily on easing as concerns over impact on banks mount
(Corrects story to delete extraneous word in bullet point, fix abbreviation in paragraph 4.) By Kevin Yao and Ziyi Tang…
Economy
Drought-hit Panama Canal further restricts maximum ship depth
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will expand restrictions on the largest ships crossing the waterway,…
Australia to decide fate of central bank chief in July
By Wayne Cole SYDNEY (Reuters) -The head of Australia’s central bank will find out in July whether he will be…
Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at…
Powell: Half-point of additional hikes a ‘good guess’ of policy outcome
By Howard Schneider WASHINGTON (Reuters) -Further Federal Reserve rate increases are “a pretty good guess” of where the central bank…
Wall Street extends sell-off as Powell hints at further rate hikes
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s congressional…
Bitcoin eyes third straight day of gains after touching two-month high
(Reuters) – Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock’s plan…
Marketmind: Hawkish Powell keeps markets on defense
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor…
Oil rallies as grain markets tighten, dollar falls on Fed Chair comments
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices…
Twitter has failed to pay millions in worker bonuses, lawsuit claims
By Daniel Wiessner (Reuters) – Twitter Inc is facing a lawsuit claiming it failed to pay workers millions of dollars…