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RBNZ restructures leadership team, to consult on organisational overhaul
June 5 (Reuters) - The New Zealand central bank said on Thursday it would consult staff on organisational changes later this month after restructuring its leadership team to streamline operations. The Reserve Bank of New Zealand is facing a 25% cut to its budget in the coming fiscal year. The bank s...Reuters
Thu, Jun 5
Citi to cut 3,500 tech jobs in China in global revamp
By Selena Li HONG KONG, June 5 (Reuters) - Citigroup Inc C.N will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as it pushes to simplify and shrink global tech operations to improve risk and data management.The reduction of st...Reuters
Thu, Jun 5
Germany's Merz to face Trump in Oval Office on inaugural trip
Meeting to be closely watched after Oval Office fireworks with other leadersWars in Ukraine and Middle East, and trade likely on agendaCould set tone for US-German relations for yearsBy Sarah Marsh, Andrea Shalal and Andreas Rinke BERLIN/WASHINGTON, June 5 (Reuters) - Germany's new chancellor...Reuters
Thu, Jun 5
BREAKINGVIEWS-AI arms race is only just getting started: podcast
By Jonathan Guilford, Aimee Donnellan NEW YORK/LONDON, June 5 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast Microsoft, Alphabet, Amazon.com and Meta Platforms are set to spend $320 bln this year ...Reuters
Thu, Jun 5
Trump directs probe into Biden's use of autopen, Biden says policy decisions were his
Biden says: "I made the decisions during my presidency"Trump investigation targets autopen useTrump White House focuses on Biden's aidesBy Jeff Mason WASHINGTON, June 4 (Reuters) - U.S. President Donald Trump directed his White House counsel on Wednesday to investigate whether former ...Reuters
Thu, Jun 5
Trillion-Dollar Deficit Tax Bill: Musk Calls for Public Revolt as Trump Pushes Debt Ceiling
TradingKey — U.S. Congress is embroiled in heated debate over Trump’s tax bill that risks ballooning the federal deficit and exacerbating the national debt crisis. The divide has grown so sharp that Elon Musk and President Donald Trump are now publicly at odds—with Musk urging Americans to oppose...
TradingKey
Thu, Jun 5
Trump directs probe into Biden's use of autopen, Biden says policy decisions were his
Biden says: "I made the decisions during my presidency"Trump investigation targets autopen useTrump White House focuses on Biden's aidesBy Jeff Mason WASHINGTON, June 4 (Reuters) - U.S. President Donald Trump directed the White House counsel on Wednesday to investigate whether former ...Reuters
Thu, Jun 5
US Senate committee to consider nomination of Republic Airways CEO to head FAA
By David Shepardson WASHINGTON, June 4 (Reuters) - The U.S. Senate Commerce Committee said on Wednesday it would hold a June 11 hearing on President Donald Trump's nomination of Republic Airways CEO Bryan Bedford to head the Federal Aviation Administration.Bedford, a pilot and industry vetera...Reuters
Thu, Jun 5
PRESS DIGEST- Financial Times - June 5
June 5 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.HeadlinesUK to unveil pension reform aimed at boosting retirement savingsBoeing reaches deal to avoid prosecution over 737 Max crashesChart and Fl...Reuters
Thu, Jun 5
Kimberly-Clark nears $3.5 billion sale of global tissue business to Suzano, WSJ reports
June 4 (Reuters) - Kimberly-Clark KMB.O is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano SUZB3.SA, the Wall Street Journal reported, citing people familiar with the matter.A deal could be completed as soon as Thursd...Reuters
Thu, Jun 5
Trump renegotiating Biden-era Chips Act grants, Lutnick says
WASHINGTON, June 4 (Reuters) - President Donald Trump's administration is renegotiating some of former President Joe Biden's grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing on Wednesday, suggesting some awards may be axed. Some of the Biden-era grants ...Reuters
Thu, Jun 5
Guatemalan deportee arrives in US after judge orders Trump to facilitate return
Deportation based on erroneous information, says Justice DepartmentDeportee now held in detention in ArizonaMan is plaintiff in class action over migrants' due process rightsTrump administration has resisted facilitating return of other migrantsBy Nate Raymond BOSTON, June 4 (Reuters) - A Gua...Reuters
Thu, Jun 5
Kimberly-Clark nears $3.5 billion sale of global tissue business to Brazil's Suzano, WSJ reports
June 4 (Reuters) - Kimberly-Clark KMB.O is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano SUZB3.SA, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Reuters could not immediately ...Reuters
Thu, Jun 5
US Senate committee to consider nomination of Republic CEO to head FAA
June 4 (Reuters) - The U.S. Senate Commerce Committee will hold a June 11 hearing on President Donald Trump's nomination of Republic Airways CEO Bryan Bedford to head the Federal Aviation Administration.Bedford, a pilot and industry veteran of more than 30 years, previously headed two other carr...Reuters
Thu, Jun 5
Kimberly-Clark Nears Roughly $3.5 Billion Sale Of International Tissue Business - WSJ
June 4 (Reuters) - Kimberly-Clark Corp KMB.O:KIMBERLY-CLARK NEARS ROUGHLY $3.5 BILLION SALE OF INTERNATIONAL TISSUE BUSINESS - WSJKIMBERLY-CLARK IS EXPECTED TO SELL THE TISSUE BUSINESS OUTSIDE OF NORTH AMERICA TO BRAZIL’S SUZANO - WSJSource text: [https://tinyurl.com/r2jfv82mReuters
Thu, Jun 5
