Reuters US Business

By Scott Murdoch SYDNEY (Reuters) -The Australian Securities Exchange must make “foundational changes” to its governance, culture and risk management after last year’s trading settlement failure, the country’s central bank said on Wednesday. The Reserve Bank of Australia also warned ASX’s clearing and settlement units still fall short of key regulatory standards and pledged to …

Australian central bank blasts ASX for trading settlement failures Read More »

(Reuters) -United Airlines ended a short-lived ground stop on Wednesday after requesting the FAA to pause departures at U.S. and Canadian airports due to a technological issue. United, which grounded its flights for less than an hour, said it experienced a brief connectivity issue just before midnight Central time on Tuesday, but has since resumed …

United Airlines lifts brief ground stop after tech issue prompts FAA halt Read More »

By Renju Jose and Roshan Thomas SYDNEY (Reuters) -Singapore Telecommunications, which owns Australia’s second largest telco Optus, apologised on Wednesday for a Optus outage that probably caused four deaths, after emergency calls were disrupted in two states and the Northern Territory. Singtel Group CEO Yuen Kuan Moon said the company was working with the Optus …

Singtel ‘deeply sorry’ for deadly outage at Australia’s Optus Read More »

By Stella Qiu SYDNEY (Reuters) -Australian consumer prices rose at the fastest annual pace in a year in August after a hot July, suggesting some upside to inflation that prompted markets to pare back the chances of imminent policy easing. The Australian dollar rose 0.3% to $0.6619, while three-year government bond futures fell 7 ticks …

Australia’s inflation tops one-year high in August, rate cut bets soften Read More »

By Lucy Craymer WELLINGTON (Reuters) -New Zealand on Wednesday named Swedish national Anna Breman as its new central bank governor, the first woman in the role who joins following a major shakeup at the bank amid criticism over its management of the economy. Finance Minister Nicola Willis said Breman, currently the First Deputy Governor of …

New Zealand names Riksbank’s Anna Breman as central bank governor Read More »

(Reuters) -Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday. The company is seeking $15 billion to $20 billion for roughly a 3% stake, the report said, citing people familiar with …

Crypto firm Tether eyes $500 billion valuation in major raise, Bloomberg News reports Read More »

By Dan Catchpole and Jody Godoy SEATTLE, Washington (Reuters) -Amazon knew millions of customers were unintentionally signing up for Prime membership but did not stop them because doing so would have hurt its revenue, U.S. Federal Trade Commission attorneys argued Tuesday at the start of an anti-trust case. The civil case against Amazon and three …

Amazon trial begins on FTC claims it duped Prime subscribers Read More »

By Arsheeya Bajwa and Stephen Nellis (Reuters) -Micron Technology forecast first-quarter revenue above market estimates on Tuesday, betting on booming demand for its high-bandwidth memory chips, or HBM, as a race to dominate artificial intelligence tech intensifies.  Efforts to build the most sophisticated AI models and expand the data center infrastructure that they run on …

Micron forecasts first-quarter revenue above estimates on AI demand Read More »