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WELLINGTON (Reuters) – New Zealand’s central bank may cut interest rates on Wednesday, a whole year earlier than its own forward guidance, as inflation slows, unemployment rises and economic growth remains anaemic, prompting markets to punt on an easing. While a Reuters poll of 31 analysts last week found 19 respondents expect the Reserve Bank …

Real possibility New Zealand central bank to start cutting rates this week Read More »

By David Randall NEW YORK (Reuters) – A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. Following months of placid trading, U.S. stock volatility has surged this month as a run of alarming …

Rollercoaster week in US stocks leaves investors braced for bumps ahead Read More »

(Reuters) – Federal Reserve Governor Michelle Bowman softened her usually hawkish tone ever so slightly on Saturday, noting some further “welcome” progress on inflation in the last couple months even as she said inflation remains “uncomfortably above” the central bank’s 2% goal and subject to upside risks. “Should the incoming data continue to show that …

Fed’s Bowman: Rate cuts will be needed if inflation keeps falling Read More »

OTTAWA (Reuters) -Canada’s two main rail companies said on Friday they would lock out employees on Aug. 22 if talks to negotiate a labor contract fail, a move that would bring the country’s transport of goods to a halt. A strike or lockout could cause significant economic damage in Canada, which relies heavily on its …

Canada railways warn of Aug. 22 lockout without labor deal Read More »

By Dawn Chmielewski, Lisa Richwine and Danielle Broadway ANAHEIM, California (Reuters) -Walt Disney, which reclaimed the top of the summer box office with Pixar animation’s “Inside Out 2” and Marvel’s raunchy “Deadpool & Wolverine,” showcased its coming slate of films in a three-hour spectacle featuring musical performances and celebrity appearances. The stars of the forthcoming …

Disney’s D23 fan convention showcases ‘Moana 2,’ ‘Incredibles 3’ and ‘Mufasa: The Lion King’ films Read More »

By Jonathan Stempel (Reuters) -Meta Platforms defeated an appeal by Children’s Health Defense, an anti-vaccine group founded by Robert F. Kennedy Jr., challenging its censorship of Facebook posts that spread misinformation about vaccines’ efficacy and safety. In a decision on Friday, the 9th U.S. Circuit Court of Appeals in Pasadena, California, said the nonprofit did …

Meta beats censorship lawsuit by RFK Jr’s anti-vaccine group Read More »

(Reuters) – Boeing said on Friday it had been awarded a $2.56 billion contract from the U.S. Air Force for two rapid prototype E-7A AEW&C Wedgetail aircraft. (Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja Desai)

By Sourasis Bose (Reuters) -Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it reached earlier this month. The company and its parent Hawaiian Electric Industries (HEI) said they were working closely with financial advisers …

Hawaiian Electric raises going concern doubts on uncertainties over wildfire settlement financing Read More »