Australia central bank sees near-term interest rate cut as unlikely
SYDNEY (Reuters) – Australia’s central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an “extended period” to ensure inflation can be tamed, after debating whether or not to hike at its August…
British entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicily
By Rosaura Bonfardino and Igor Petyx PALERMO, Sicily (Reuters) -One man died and six people were missing, including British tech entrepreneur Mike Lynch and his daughter, after a luxury yacht was struck by an unexpectedly violent storm and sank off…
BOJ highlights rising wage pressure from structural job market changes
By Leika Kihara TOKYO (Reuters) – Japan’s dwindling working-age population is leading to structural changes in the labour market that are heightening pressure on firms to hike wages and services prices, the Bank of Japan said in two research papers…