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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Israel’s Benjamin Netanyahu to meet Elon Musk amid antisemitism storm
(Reuters) -Israeli Prime Minister Benjamin Netanyahu will fly to California on Monday to meet Elon Musk, the tech entrepreneur accused…
European Central Bank lifts rates to record, signals 10th straight hike may be its last
The European Central Bank on Thursday lifted its key interest rates by 25 basis points to an all-time high, continuing…
Biden to attack ‘MAGAnomics’ as polls show most Americans dislike ‘Bidenomics’
President Joe Biden on Thursday afternoon is slated to deliver what the White House has billed as a “major economic…
India’s retail inflation eases in August, upside risks remain
By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) -India's retail inflation eased in August as food prices moderated, but…
US SEC charges Marcum employee over audit quality control issues
By Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Tuesday said it has charged a former…
Treasury yields swing as traders boost chance of no more Fed hikes this year
U.S. Treasury yields swung from declines to advances Thursday morning even as fed funds futures traders boosted the chances of…
How fast is the UK labour market slowing?
By David Milliken LONDON (Reuters) - Britain's labour market has been cooling in recent months, with rising unemployment, less hiring…
Republican presidential candidate Tim Scott says he wants to put the focus on tax cuts
Sen. Tim Scott, a South Carolina Republican seeking his party’s presidential nomination in 2024, is pushing for a focus on…
Exclusive-Greece to raise up to 7 billion euros from bond markets in 2024
By Lefteris Papadimas ATHENS (Reuters) - Greece plans to raise up to 7 billion euros ($7.5 billion) from debt markets…
Nancy Pelosi says Kamala Harris is limited in her role as vice president: ‘You don’t do that much’
“‘People say to me, “Why isn’t she doing this or that?” I said because she’s the vice president. That’s the…
Israel central bank says digital shekel launch an ‘open question’
By Steven Scheer JERUSALEM (Reuters) -Israel's central bank is pushing forward with plans to issue a digital shekel, citing the…
Germany’s 2024 budget reverses fiscal trend since 2019
BERLIN (Reuters) - Germany's debt has grown since 2019 due to the pandemic and the war in Ukraine but the…
Investors need to be wary of ‘priced for perfection’ stock markets, warns Larry Summers
““The Fed has corrected and they’re basically on course, but the plane is still well above a landing spot. It’s…
Brazil government expects rates to fall by at least 50 bps -minister
BRASILIA (Reuters) - The Brazilian government expects cuts of at least 50 basis points in the central bank's benchmark interest…
US inflation eroded 2022 wages, as child poverty jumped, Census says
By Howard Schneider WASHINGTON (Reuters) -Inflation-adjusted income fell and a key poverty measure rose sharply last year as the U.S.…
DoubleLine’s Gundlach expects Fed rate cuts in first half of 2024
(Reuters) - DoubleLine Capital CEO Jeff Gundlach expects the U.S. Federal Reserve to cut benchmark rates in the first half…
Goldman Sachs CEO says US economic outlook uncertain despite soft landing prospects
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs CEO David Solomon said the U.S. economy is likely…
Marketmind: Inflation jitters bubble up
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…