By Alasdair Pal SYDNEY (Reuters) – Australia on Thursday released its review of the Reserve Bank of Australia, the first external review of the central bank and the operation of monetary policy in four decades. The report made 51 recommendations, including moving to a clearer monetary policy framework and greater accountability. Here are the key…
By Richard Cowan and Andy Sullivan WASHINGTON (Reuters) -Republican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation’s debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing….
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares. The Dow was weighed down by declines in Walt Disney Co…
By Tim Kelly TOKYO (Reuters) – Most Japanese firms want Bank of Japan Governor Kazuo Ueda to focus on financial market stability at his first policy meeting next week, with few seeing benefits from any easing of its ultra-loose monetary policy, a Reuters monthly poll showed. Ueda has so far signalled his intent to maintain…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that after the failure of two large regional Fed banks last month roiled the financial sector, he is waiting to see “whether there are other credit shoes to drop.” “Not in the crisis sense, but in the how much squeezing is going to…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Stocks may be treading water as investors digest a mixed flow of U.S. earnings and red hot UK inflation is pushing up global bond yields, but investors in Asia with a glass half full outlook on Thursday might…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury brought in $129.82 billion in total tax receipts on Tuesday, the annual tax filing deadline, compared with $75.53 billion a day earlier, the department’s daily financial statement showed on Wednesday. The collections brought total deposits into the Treasury General Account at the Federal Reserve to $283.53…
By Jonathan Stempel NEW YORK (Reuters) – Donald Trump wants to attend next week’s trial involving the writer E. Jean Carroll, who has accused him of rape, but may not because of security issues the former U.S. president’s appearance would cause, his lawyer said on Wednesday. In a letter to U.S. District Judge Lewis Kaplan…
By Noel Randewich (Reuters) – Shares of Western Alliance Bancorp surged 24% on Wednesday after the U.S. regional bank posted stronger-than-expected earnings and said its deposits had stabilized, helping allay fears that last month’s banking crisis could envelop more lenders. The Phoenix, Arizona-based bank’s quarterly results also lifted the shares of other regional lenders punished…
By Julie Zhu, Valentina Za, Scott Murdoch and Amy-Jo Crowley HONG KONG/LONDON (Reuters) -Credit Suisse Group AG’s dealmakers, hoping to secure jobs after UBS Group AG’s rescue takeover, are struggling to dispel fears about a culture clash and many will be disappointed, sources familiar with the talks told Reuters. UBS bankers over recent weeks have…
