Australia appoints new central bank governor

Australia named its next central bank governor Thursday, with Philip Lowe promoted to the top job from deputy to replace Glenn Stevens in a widely-tipped move. The announcement came in the week the Reserve Bank of Australia slashed interest rates to a new record-low of 1.75 percent to boost the economy as it charts a rocky path away from mining dependence after an unprecedented resources investment boom. Treasurer Scott Morrison thanked him for his service and said Lowe's appointment would "rein