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U.S. markets news

Is Australia's Central Bank Done Cutting Interest Rates?
The Australian dollar has further to fall as the market wakes to the reality that interest rates in Australia are likely to be cut again before the end of 2015.
CBA fails to pass on full rate cut to borrowers  Sydney Morning Herald
Shanghai shares slump 4%; Sydney slips after RBA rate cut  CNBC
The Australian Financial Review  
EU Raises Growth Outlook as ECB Counters Greek Threat
The European Commission raised its euro-area growth forecast as the impact of a weaker euro and unprecedented monetary stimulus help the economy overcome pressure on confidence from the continuing crisis in Greece.
European Commission Raises Its Economic Growth Forecast  New York Times
Eurozone economic growth picking up, EU report says  BBC News
Reserve Bank of Australia cuts to record low 2%, citing moderate prices
Investing.com - The Reserve Bank of Australia cut its cash rate by 25 basis points to a record low 2.00% as expected on Tuesday, citing a subdued inflation outlook and eyeing a further fall in the Australian dollar.
RBA's Stevens Cuts Benchmark Interest Rate to 2% (Full Text)  Bloomberg
Piercing the veil of the Fed  OCRegister
HSBC Quarterly Profit Beats Analyst Estimates as Bad Loans Fall
HSBC Holdings Plc, Europe's largest bank, said first-quarter profit rose 4.4 percent, beating analysts' estimates, as revenue at its securities unit rose and bad-loan provisions dwindled.
HSBC to Decide on Headquarters Move by Year End  Wall Street Journal
HSBC first quarter pretax profits up 4 percent  Washington Post
Will drought stifle California's love affair with pools?
California's massive swimming pool industry faces a dilemma as the state heads into its summer season and a fourth year of historic drought conditions.
Teens Say California Drought Makes Tap Water Taste Funky  WEKU
Drought: California Water Agencies Face Bond Defaults  Breitbart News
VW Chairman Question Is Open as Investors Meet Without Piech
At Volkswagen AG's shareholder meeting today, the elephant in the room has a name: Ferdinand Piech. The gathering in Hanover, Germany is the first in more than two decades without the participation of VW's former chairman and chief executive officer, ...
Volkswagen won't rush choice of new board chair  Scottsbluff Star Herald
VW working hard to quickly find Piech successor: CEO  Reuters Canada
Mayor de Blasio Is Irked by a Subway Delay
The email, blunt and to the point, popped into City Hall aides' inboxes at 12:17 p.m., and the subject line said it all: �2 problems today.
MTA no longer satisfied with $657M infusion from city, now wants $2.5B  New York Daily News
MTA wants $1B from NYC for Second Avenue Subway  New York Post
Lufthansa warns in wake of Germanwings crash
FRANKFURT-- Deutsche Lufthansa AG has signaled that the crash six weeks ago of a Germanwings jetliner and strikes by pilots could check its operational turnaround despite swinging back to profit in the first quarter.
Lufthansa's operating loss narrows on lower fuel costs  Chron.com
Lufthansa faces more cost-cuts despite profits improvement  BBC News
Fed cooperating with probe on leak: Yellen
US Federal Reserve chairwoman Janet Yellen on Monday said the central bank was cooperating with authorities over the alleged leak of confidential information in 2012 ahead of a crucial meeting of the bank's monetary policy panel.
Justice Department Investigates 2012 Leak of Fed Policy Debate  Bloomberg
Justice Department Conducting Criminal Investigation of Leak at Federal Reserve  New York Times
Tesla to foray into home market with new battery line
Tesla CEO Elon Musk revealed in late March that a new product line is going to be unveiled at the company's Hawthorne Design Studio, and that it's not going to be a car.
Tesla Stock Getting Juiced Over Home Batteries  CBS Local