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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Dollar higher as CPI data keeps Fed expectations intact
By Chuck Mikolajczak NEW YORK (Reuters) - The rose on Wednesday, after U.S. economic data showed inflation increased for August…
‘Complicated’ inflation report produces wavering U.S. stocks, keeps higher-for-longer theme in rates intact
Investors were evaluating a less-than-straightforward take on U.S. inflation Wednesday, with August’s consumer price index coming in close to or…
Investors call ‘peak pessimism’ for beaten-up UK stocks
By Naomi Rovnick LONDON (Reuters) -Long-term gloom about Britain's economy appears to be lifting and some big investors reckon the…
Foreign investors sell Asian bonds in August amid rising US yields, analysts eye rebound
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) - Foreign investors sold Asian bonds in August due to a spike in…
Gold slips as traders await U.S. inflation report
Gold prices traded marginally lower on Wednesday as traders awaited a report on U.S. consumer prices that’s expected to show…
BP CEO Looney resigns over personal relationships with colleagues
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP CEO Bernard Looney resigned on Tuesday with immediate effect after less…
CPI shows biggest increase in inflation in 14 months
Story developing. Stay tuned for updates here. The numbers: U.S. consumer prices leaped 0.6% in August — the biggest increase…
Stocks fall, oil holds gains ahead of key US inflation data
By Tom Wilson and Stella Qiu LONDON/SYDNEY (Reuters) - Shares fell on Wednesday as markets braced for key U.S. inflation…
Peak China gloom or geopolitical quagmire?: Mike Dolan
By Mike Dolan LONDON (Reuters) -Whether China has become "uninvestable" or not, avoidance of the world's second-largest economy suggests the…
Treasury yields barely budge as traders tense for CPI inflation data
Bond yields were little changed early Wednesday as traders eschewed bold bets before a crucial inflation report.What’s happening The yield…
Japan’s new cabinet priorities to keep BOJ in political spotlight
By Leika Kihara TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida's expected economic stimulus package will focus on easing the…
Russia hikes inflation forecast, sees much weaker rouble – economy ministry
By Darya Korsunskaya (Reuters) -Russia has significantly raised its inflation forecast for the next two years and expects a much…
S&P 500 futures steady ahead of August inflation report
U.S. stock futures stalled Wednesday as traders awaited inflation data that could change expectations of the path of interest rates.How…
Fed to leave rates unchanged on Sept. 20; cut unlikely before Q2 2024
By Prerana Bhat BENGALURU (Reuters) -The Federal Reserve will leave its benchmark overnight interest rate unchanged at the end of…
China’s central bank vows to support demand, price rebound
BEIJING (Reuters) - China's central bank will boost demand and support a modest rebound in prices, the Financial News, a…
Turkey to seek more revenue outside budget, including privatisation -Simsek
ISTANBUL (Reuters) - Finance Minister Mehmet Simsek said on Monday that Turkey's government would seek further revenues outside the budget,…
House Freedom Caucus talks tough as government shutdown could hit in 2½ weeks
House Freedom Caucus members on Tuesday continued to take a tough stance on a short-term spending bill that would prevent…
In Russia’s Pacific port, residents await North Korea’s Kim Jong Un
VLADIVOSTOK, Russia (Reuters) -In Russia's Pacific port, residents said they were anticipating a visit by North Korean leader Kim Jong…