Kevin McCarthy has been ousted as speaker of the House of Representatives, and he said Tuesday night that he won’t try to reclaim his post. So who might replace him? That person, and the return of stability to Capitol Hill after an historic measure to take the speaker’s gavel from…

SYDNEY, Oct 3 (Reuters) – Following is the text of the Reserve Bank of Australia’s statement on Tuesday after its monthly monetary policy meeting. At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement…

Hours after being ousted as speaker of the House, Rep. Kevin McCarthy said he was “at peace” with how it played out and that he “wouldn’t change a thing.” The California Republican said at a press conference Tuesday evening that he will not run for speaker again. He added that…

By Stella Qiu SYDNEY (Reuters) – Australia’s central bank held interest rates steady on Tuesday for a fourth month, but again warned that further tightening might be needed to bring inflation to heel in a “reasonable timeframe”. Wrapping up its October policy meeting, the first chaired by Governor Michele Bullock,…

By Chen Lin SINGAPORE (Reuters) – Singapore is likely to leave monetary policy unchanged this month, as the city-state grapples with a weak economic outlook and persistent price pressures. All 15 analysts polled by Reuters expect the Monetary Authority of Singapore (MAS) to hold off making changes to its policy…

The numbers: Job openings snapped back in August and rose to 9.6 million, reflecting a robust appetite for labor in light of a steadily growing U.S. economy. Job listings rebounded from a revised 8.9 million in July, the Labor Department said Tuesday. That was the lowest level in almost two and…

The International Monetary Fund (IMF) underscored the crucial role of the private sector in meeting the substantial climate investment needs of emerging market and developing economies. The organization stated on Monday that these countries, which currently emit around two-thirds of global greenhouse gases, will require about $2 trillion annually by…

Greggs on Tuesday said its sales have increased by more than 20% over the past three months, thanks to cost-conscious customers. The low-price sausage roll seller said the “exceptional value” it offers had allowed it to grow its market share and successfully capitalize on the U.K.’s cost-of-living crisis. In August,…

By Krystal Hu and Niket Nishant (Reuters) -China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year earlier, a source familiar with the matter told Reuters on Monday. Share buybacks for…

John Kelly delivered a scathing rebuke of former President Donald Trump, under whom Kelly served as secretary of homeland security and then chief of staff, and corroborated several accounts alleging Trump disrespect for service members.The former White House chief of staff confirmed to CNN a 2020 Atlantic story that Trump was bewildered by service members who…