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Australia’s Treasurer Jim Chalmers on Wednesday unveiled changes to foreign investment rules, describing growing threats from intensifying geopolitical tensions.
The rockets were launched around 2pm Thursday as part of a live fire drill conducted near the coastal village of Campong Ulay in Palawan, an island facing the South China Sea.
Federal Reserve Chair Jerome Powell said it was unlikely that the central bank's next move will be a rate hike. The comment spurred a rally for the three major averages, with the Dow surging more than 500 points in its session high. Central bank policymakers kept rates steady at the conclusion of their May meeting, holding at a range of 5.25% to 5.5%.
PARIS (Reuters) -- The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook.
SYDNEY (AP) — A judge denied bail Thursday to a 15-year-old boy alleged to be in a network planning terrorist acts and who claimed to be a friend of another teen accused of stabbing a Sydney bishop last month.
Standard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender.
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.
WASHINGTON (Reuters) -- The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.