By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in May from April and sales rose sharply, adding to evidence that the housing market has turned a corner after being buffeted by higher borrowing costs. The average price of a GTA home rose to nearly C$1.2 million ($892,193) in May, up …
Toronto home prices rise in May as sales jump 20% Read More »
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a Reuters poll of economists who were divided on when and where rates would peak this year. The Reserve Bank of Australia (RBA) raised rates last …
RBA to hold rates at 3.85% in June, but may raise again soon Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to “get the most out of the bank’s balance sheet” and mobilize more private capital for climate finance and global development objectives, the Treasury said. During a meeting with Banga a day before the former …
Yellen urges new World Bank chief to ‘get the most’ from balance sheet Read More »
WASHINGTON (Reuters) – The U.S. Senate is debating a bill brokered by President Joe Biden and House Speaker Kevin McCarthy that lifts the government’s $31.4 trillion debt ceiling while imposing spending caps and cuts on Biden’s plan to boost funding for the IRS to audit wealthy Americans, among other things. The Republican-controlled House of Representatives …
Factbox-What’s in the debt ceiling deal struck by Biden and McCarthy? Read More »
WASHINGTON (Reuters) – Boeing Co will “stand down” from preparations for its first crewed Starliner test flight to space, which was planned for July, after the company discovered a flammable tape material and issues with the spacecraft’s parachutes, a Boeing official said on Thursday. (Reporting by Joey Roulette; Editing by Leslie Adler)
By Daniel Wiessner (Reuters) – The Gap Inc on Thursday beat a shareholder lawsuit claiming the company’s directors breached their duties by making misleading statements in securities filings about the retailer’s commitment to racial diversity in its leadership ranks. An en banc panel of the 9th U.S. Circuit Court of Appeals in a 6-5 ruling …
The Gap beats shareholder lawsuit over commitment to diversity Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines Co CEO Bob Jordan said on Thursday that an industry-wide shortage of pilots is expected to last for three years due to the challenges carriers face in training new aviators. Jordan, speaking at the Bernstein Conference, said the Dallas-based airline has about 40 planes that it …
Southwest Airlines CEO sees industry-wide pilot shortage persisting for three years Read More »
(Reuters) – Federal Reserve emergency lending to banks edged down in the latest week, driven by a decline in “other credit” to government wind-downs of failed banks, to $188.1 billion on Wednesday from $192.6 billion a week earlier, according to Fed data released on Thursday. Loans from the U.S. central bank’s discount window also ticked …
Fed emergency lending to banks ticks down in latest week Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc on Thursday filed a lawsuit against New York City over a new law it called a “de facto ban” against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city. …
Airbnb sues New York City over short-term rental restrictions Read More »
By Huw Jones LONDON (Reuters) – How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20’s Financial Stability Board said on Thursday. The fallout from the collapse of Silicon Valley Bank, a U.S. bank that U.S. …
G20 watchdog to study Silicon Valley Bank, Credit Suisse turmoil Read More »
