Central banks shelve guidance, in fits and starts, as inflation reigns

By Howard Schneider, Leika Kihara, Balazs Koranyi and William Schomberg (Reuters) – Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the predictability they’ve nurtured over 15 years of concrete guidance about their intentions and return to a time when policy starts, stops and occasional surprises were…

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US House Speaker McCarthy hopes to ‘get back on right track’ after Conservative revolt

(Reuters) – U.S. House Speaker Kevin McCarthy said on Sunday he hoped to get back on the right track after a conservative revolt paralyzed the Republican Party’s efforts to advance its agenda in Washington. The standoff between McCarthy and a hardline faction of his own Republican majority has forced the chamber into a holding pattern….

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North Korea’s Kim vows to ‘hold hands’ with Putin for strategic cooperation

SEOUL (Reuters) – North Korean leader Kim Jong Un has vowed to “hold hands” with Russian President Vladimir Putin and bolster strategic cooperation on their shared goal of building a powerful country, state media KCNA reported on Monday. Kim made the pledge in a message to Putin marking Russia’s National Day, defending his decision to…

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Morgan Stanley Infrastructure in lead to buy Sacyr waste management unit – sources

By Andres Gonzalez and Corina Pons LONDON/MADRID (Reuters) -Morgan Stanley Infrastructure Partners is poised to buy Sacyr’s Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said. Morgan Stanley Infrastructure has prevailed over other firms in an auction…

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Firefighters make progress, bring some Quebec wildfires under control

By Rod Nickel WINNIPEG, Manitoba (Reuters) – The number of wildfires raging out of control across Quebec dropped on Sunday as firefighters in the Canadian province gained the upper hand in some areas, a provincial minister said on Sunday. Quebec Natural Resources Minister Maite Blanchette Vezina said told reporters that the number of out-of-control fires…

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World Bank must drive private investment in climate transition, new chief says

By Andrea Shalal WASHINGTON (Reuters) – The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said on Sunday. Banga told CNN’s ‘Fareed Zakaria GPS’ program that efforts now underway to stretch…

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Biden plans to keep quiet on Trump documents charges

By Andrea Shalal and Heather Timmons WASHINGTON (Reuters) – Don’t expect U.S. President Joe Biden to comment about the 37-count indictment against Donald Trump that accuses the former president of risking some of the country’s most sensitive security secrets after leaving the White House in 2021. Administration officials plan to maintain their silence on the…

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