By Leika Kihara TOKYO (Reuters) -Japan’s new central bank chief will take baby steps in any shift away from the radical monetary experiment of his predecessor, if recent comments are any guide, but a deeper history of his thinking shows a taste for bolder action. Markets are rife with speculation that Kazuo Ueda, who becomes …
New BOJ chief to slowly unwind Kuroda’s policy experiment Read More »
By Steve Stecklow, Waylon Cunningham and Hyunjoo Jin LONDON/SAN FRANCISCO (Reuters) – Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously important to us.” The cameras it builds into vehicles to assist driving, it notes on its website, are “designed from the ground up to protect …
Special Report – Tesla workers shared sensitive images recorded by customer cars Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve lending to financial institutions eased modestly in the latest week, central bank data showed on Thursday, in a sign that financial sector woes that began last month may be beginning to settle down. Total lending to the three main programs aimed at bolstering bank liquidity …
Borrowing from key Fed lending facilities cools a bit in latest week Read More »
By Davide Barbuscia NEW YORK (Reuters) -The Federal Reserve’s preferred bond market signal of an upcoming recession has plunged to fresh lows, bolstering the case for those who believe the central bank will soon need to cut rates in order to revive economic activity. Research from the Fed has argued that the “near-term forward spread” …
‘Powell’s curve’ plunges to new lows, flashing US recession warning Read More »
By John McCrank NEW YORK (Reuters) – Assets in money market funds have soared to record levels, drawing investors with their safe-haven appeal and yields that far exceed those paid on bank deposits. The funds are traditionally considered low-risk and liquid as they invest in high-quality assets, including short-term Treasuries. Yet funds that rely on …
Explainer-How are money market funds preparing for a potential debt ceiling crisis? Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks reversed an earlier sell-off to close higher on Thursday, and Treasury yields steadied, as investors digested weak labor market data ahead of a U.S. jobs report, seeking signs the Federal Reserve could pause on rate hikes. All three major U.S. stock indexes bounced back, turning green …
Wall St reverses to end higher, bond yields steady ahead of US jobs report, holiday Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) – The Ethiopian government said on Thursday it intends to integrate all regional special forces either into the national army, or the federal or regional police, a move likely to be perceived as an attempt to diminish the autonomy of individual regions. Ethiopia is organised in 10 regions that …
Ethiopia to dismantle regional special forces in favour of ‘centralized army’ Read More »
By Iain Withers LONDON (Reuters) -Investor advisory firm Glass Lewis has recommended that Barclays’ shareholders vote against its bosses’ pay because of long-term bonuses awarded to one former executive who was finance chief when the bank sold billions of pounds of securities in error. The British bank is also set to face scrutiny at its …
Barclays investors urged to reject bonuses for ex-CFO Read More »
WASHINGTON (Reuters) – Robert F. Kennedy Jr., a lawyer and vaccine skeptic, will make a bid for the White House in 2024, becoming the second long-shot Democratic candidate to challenge President Joe Biden in his expected run for re-election. Kennedy, 69, the son of assassinated 1968 presidential candidate U.S. Senator Robert F. Kennedy, filed papers …
Robert Kennedy Jr to make 2024 Democratic presidential bid Read More »
By Supantha Mukherjee, Elvira Pollina and Martin Coulter ROME/STOCKHOLM (Reuters) -ChatGPT producer OpenAI plans to present measures on Thursday to remedy concerns that led to an Italian ban on the chatbot last week, Italy’s data protection agency Garante said. Microsoft Corp-backed OpenAI took ChatGPT offline in Italy after Garante last week temporarily restricted it and …
ChatGPT maker to propose remedies over Italian ban Read More »
