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…
JOHANNESBURG (Reuters) -The International Monetary Fund’s executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3 billion loan programme, the IMF said on Thursday. The IMF board meeting came after Africa’s second-biggest copper producer clinched a deal last month with governments abroad including China to rework about…
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…
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,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian equities are on course Friday to round off their best week this year on a high, after the latest sign that U.S. inflation is slowing cemented hopes that Federal Reserve rate hikes are almost…
WASHINGTON (Reuters) – President Joe Biden’s support for his nominee for labor secretary, Julie Su, is “unwavering” and the White House hopes Senators Joe Manchin and Kyrsten Sinema “reconsider their position” on her nomination, a White House official said on Thursday. Earlier on Thursday, Manchin, a Democrat, said he will oppose Su’s nomination as labor…
By Chibuike Oguh NEW YORK (Reuters) – Shares of Coinbase Global Inc surged by nearly 25% on Thursday, ahead of other cryptocurrency and blockchain-related companies, following a landmark legal victory in a closely-watched lawsuit involving blockchain company Ripple Labs Inc. A U.S. District Judge ruled on Thursday that Ripple Labs did not violate federal securities…
