Economy
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit By Reuters
By Tetsushi Kajimoto TOKYO (Reuters) - Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap…
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Global watchdog tackles ‘vulnerabilities’ in leveraged loans
By Huw Jones LONDON (Reuters) - Global securities regulators have proposed tightening how the leveraged loan market operates to tackle…
4 things to watch for at next week’s Fed policy meeting
The Federal Reserve is not expected to change the stance of its interest-rate policy or say anything definitive about its…
ECB Hikes Interest Rates to Record High Amid Persistent Inflation
The European Central Bank (ECB) has raised its key benchmark rates by a quarter percentage point, marking the tenth consecutive…
New York Fed’s Empire State factory gauge rebounds in September
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose…
Polish govt hikes minimum wage as voters fret over cost of living
WARSAW (Reuters) - Poland's minimum wage will rise by almost 18% in January, the prime minister said on Thursday, ahead…
Cost of imports show biggest increase in 15 months as higher gas prices boost inflation
The numbers: The cost of imported goods rose 0.5% in August to mark the biggest increase in 15 months, largely because…
Dollar jumps to 6-month high after data, ECB announcement
(Updated at 2:52 P.m. EDT/1852 GMT) By Chuck Mikolajczak NEW YORK (Reuters) - The surged to a six-month high on…
Wall Street rallies, dollar surges as data cements Fed pause bets
By Stephen Culp NEW YORK (Reuters) - U.S. stocks ended sharply higher and the greenback jumped on Thursday as robust…
A stein of beer at Germany’s annual Oktoberfest will cost nearly $15 this year
When merry revelers lift their steins to mark the start of Germany’s annual Oktoberfest, they might want to sip slowly,…
Citadel’s Griffin unsure stock market rally can continue – CNBC
NEW YORK/BANGALORE (Reuters) - Billionaire investor Ken Griffin, founder of U.S. hedge fund Citadel, said on Thursday that he has…
Rising energy prices deal end-of-summer surprise to Fed’s inflation outlook
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials hoping for evidence of a clear decline in inflation and an economic…
Biden attacks Republicans for ‘MAGAnomics’ as government shutdown looms
By Andrea Shalal LARGO, Maryland (Reuters) -President Joe Biden on Thursday warned that Republican-backed spending cuts would take a toll…
Mercosur replies to EU trade deal addendum, talks to resume, Brazil says
BRASILIA (Reuters) -Negotiators for the European Union and Mercosur on Thursday discussed the next steps towards completing their long-awaited trade…
Russian rouble weakens past 97 vs dollar on eve of rate decision
By Alexander Marrow (Reuters) -The Russian rouble weakened past 97 to the dollar late on Thursday, struggling to benefit from…
Hunter Biden indicted on 3 federal gun charges
Hunter Biden, son of President Joe Biden, has been indicted by special counsel David Weiss on three felony gun charges,…
U.S. Senate votes to open debate on first appropriations package
By Makini Brice WASHINGTON (Reuters) -The U.S. Senate, in a hugely bipartisan 91-7 vote, moved on Thursday to open debate…
U.S. government shutdown: Here’s how a partial closure would affect you.
The U.S. federal government is barreling towards a partial shutdown after Sept. 30 if lawmakers don’t act before then, putting…
European stocks have strongest day in 6 months as ECB signals end to rate hikes
By Bansari Mayur Kamdar and Shashwat Chauhan (Reuters) -European shares notched up their biggest percentage gain in six months on…