By Wayne Cole SYDNEY (Reuters) -The head of Australia’s central bank will find out in July whether he will be reappointed to a second term, as customary, or be passed over for a new leader as part of the biggest shake-up of the institution in decades. Treasurer Jim Chalmers told reporters on Thursday he would …
Australia to decide fate of central bank chief in July Read More »
(Reuters) – The Caribbean islands of St. Lucia and Martinique will shut down schools and nurseries tomorrow ahead of the arrival of one of the season’s first tropical storms, officials said on Wednesday. The storm is forecast to move across the area late on Thursday. “After 21 days into the hurricane season an unusually early …
St. Lucia, Martinique shut schools as Storm Bret churns closer Read More »
HOUSTON (Reuters) – A fire on a reformer at Exxon Mobil Corp’s 564,440 barrel-per-day (bpd) Baytown, Texas, refinery was quickly extinguished on Wednesday, said people familiar with plant operations. The fire was put out a few minutes after it began on Wednesday afternoon on the 65,000-bpd Hydroformer 4, the sources said. No injuries were reported. …
Reformer fire quickly put out at Exxon Baytown, Texas, refinery – sources Read More »
By Siddhi Nayak MUMBAI (Reuters) -Indian airline Go First, which is under bankruptcy protection as it tries to resume operations, has sought additional funds at a lenders meeting on Wednesday, banking sources told Reuters. The airline is asking for between 4 billion and 6 billion Indian rupees ($122 million) in additional funds, the sources said, …
India’s Go First seeks up to $122 million in additional funds -banking sources Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s wheat harvest in 2023 is at least 10% lower than the government’s estimate, a leading trade body told Reuters on Wednesday, amid a sharp rise in local prices during the past two months. Lower wheat production for a second straight year could complicate New Delhi’s efforts to keep a …
India’s wheat output 10% lower than government estimates- trade body Read More »
By Gabriella Borter (Reuters) – Around the world, the story of the missing Titanic submersible and its rescue operation’s race against time has been riveting onlookers. People have been glued to their television screens, fascinated by maritime experts detailing the hurdles for rescue efforts in a vast expanse of sea. They have been watching their …
Rescue efforts for missing Titanic submersible captivate worldwide audience Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel, the agency’s latest action against the ecommerce giant in recent weeks. The FTC sued Amazon in federal court …
Amazon duped millions of consumers into enrolling in Prime, US FTC says Read More »
WASHINGTON (Reuters) -The U.S. State Department on Wednesday announced a new visa restriction policy targeting foreign government officials and agents who assist fugitives in evading the U.S. justice system. The Fallon Smart policy is named after a 15-year-old who was killed in a hit-and-run incident in Oregon in 2016, U.S. Secretary of State Antony Blinken …
US announces new visa restriction policy for those who have assisted fugitives Read More »
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported on Thursday, citing people familiar with the matter. The company’s CEO Pietro Labriola started sounding out potential investors about a deal earlier this month by …
Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News Read More »
By Howard Schneider WASHINGTON (Reuters) -Further Federal Reserve rate increases are “a pretty good guess” of where the central bank is heading if the economy continues in its current direction, Fed Chair Jerome Powell said in remarks on Wednesday to lawmakers on Capitol Hill. In response to a question late in a three-hour hearing before …
Powell: Half-point of additional hikes a ‘good guess’ of policy outcome Read More »
