Reuters USA

Australia’s central bank says more rate pain needed to tame inflation

By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker again projected further interest rate rises in coming months and said the pain was worth bearing to bring inflation down. Speaking before members of parliament for the second time this week, Reserve Bank of Australia (RBA) Governor Philip Lowe said the extent of further interest rate …

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Nikki Haley, Trump’s first major challenger, urges Republicans to turn the page

By Richard Cowan EXETER, N.H. (Reuters) -Republican presidential hopeful Nikki Haley brought her nascent campaign to New Hampshire on Thursday, portraying herself as a conservative firebrand while warning that to win elections Republicans must stop rehashing “old issues”. Speaking to a crowd of around 300 inside the Exeter Town Hall, about 45 miles (70 km) …

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U.S. EPA chief works to reassure Ohio residents after train derailment

By David Shepardson and Brad Brooks (Reuters) -Environmental Protection Agency Administrator Michael Regan on Thursday sought to assure residents of East Palestine, Ohio, of the agency’s commitment to air and water testing after a Feb. 3 derailment of a train carrying toxic chemicals caused a fire that sent a cloud of smoke over the town. …

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Exclusive: Trump lawyer hires own attorney in classified documents probe

By Andrew Goudsward (Reuters) – A lawyer for former President Donald Trump retained an attorney to represent himself as prosecutors step up their inquiry into the handling of sensitive documents at Trump’s Florida residence, two people familiar with the matter told Reuters on Thursday. Evan Corcoran, who has represented Trump in interactions with the government …

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Dominion says Fox knew vote-rigging claims ‘total bs,’ as network defends coverage

By Helen Coster and Jack Queen (Reuters) -Fox News repeatedly broadcast lies about vote-rigging claims that it knew were “total bs,” Dominion Voting Systems, an election technology company, said in a filing made public on Thursday, as part of a $1.6 billion defamation lawsuit the media giant described as an assault on a free press. …

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Should owning index funds be grounds for judicial recusal? No, says California judge

By Alison Frankel (Reuters) – Congress overhauled disclosure rules for federal judges last April to bolster public confidence that judicial decisions haven’t been tainted by secret financial considerations. But the new law does not undermine longstanding precedent that allows judges to invest in index funds without worrying about the funds’ ownership of shares in public …

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Exclusive-First Quantum warns employees that Panama mine may close if dispute is not settled

By Valentine Hilaire (Reuters) – First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next week, according to a memo sent to staff and seen by Reuters. A long-running contract dispute between the Canadian miner and Panama …

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Hedge funds’ short-covering of tech bets is 2nd biggest in a decade – banks

By Carolina Mandl NEW YORK (Reuters) – Hedge funds betting against stocks in the technology sector rushed to unwind those trades in the first half of February as markets rallied, data from Goldman Sachs and JPMorgan & Chase prime brokerage units showed on Thursday. “The short covering in U.S. tech stocks from Jan 31st to …

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24 Republican-led states sue Biden administration over water regulations

By Clark Mindock West Virginia and 23 other Republican-led states sued the federal government on Thursday, alleging the Biden administration’s rule establishing protections for seasonal streams and wetlands under a landmark environmental law violates the U.S. Constitution and sows confusion for landowners. The lawsuit filed in North Dakota federal court seeks to stop the rule, …

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