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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Fed’s Mester says markets’ focus on interest-rate cuts is premature
The focus in financial markets about interest-rate cuts is premature, Cleveland Federal Reserve President Loretta Mester said Thursday. Easing monetary…
Argentina’s Milei says shutting central bank ‘non-negotiable’
BUENOS AIRES (Reuters) - Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a…
Fed’s Daly says it makes sense to wait on interest-rate policy given all the uncertainty
The Federal Reserve should wait and see how the economy develops given the high uncertainty surrounding the outlook for the…
Young Australians face financial literacy challenges amid economic stress
A recent survey by the National Australia Bank (OTC:) (NAB) has revealed a concerning trend in financial literacy among young…
Fed’s Collins won’t take additional rate hikes off the table
Boston Federal Reserve President Susan Collins said Friday that the softer consumer price inflation data released this week was promising…
Black Friday spending surges despite economic pressures
LONDON - British consumers are showing a robust appetite for Black Friday deals, with Barclays and Barclaycard Payments reporting record-breaking…
Here’s how the Republican presidential candidates say they’ll tackle student debt
The Republicans working on taking President Joe Biden’s job all have said he was wrong to try to cancel up to…
Reserve Bank expands Alert List to include seven new unauthorized forex platforms
The Reserve Bank has significantly expanded its Alert List of unauthorized forex trading platforms, signaling increased scrutiny in the foreign…
Some experts balk at talk that Fed must cut rates soon if inflation keeps coming down
Over the summer months, as reporters and the markets were pondering how many more times the Federal Reserve would hike…
Factbox-Global economy to slow down but likely avoid recession in 2024
(Reuters) -Some of the major banks in the world expect global economic growth to ease further in 2024, squeezed by…
Economy still flashing recession signs, U.S. leading index finds
The numbers: The leading economic index declined 0.8% in October and fell for the 19th month in a row, but the…
RBI supersedes Abhyudaya Co-operative Bank’s board, appoints new administrator
The Reserve Bank of India (RBI) has taken decisive action by superseding the board of Abhyudaya Co-operative Bank Ltd. today,…
U.S. existing-home sales drop in October to lowest level since 2010
The numbers: U.S. existing-home sales fell 4.1% in October to a seasonally adjusted annual rate of 3.79 million, the National…
South Africans seek out Black Friday essentials as crunch continues
By Nqobile Dludla JOHANNESBURG (Reuters) - Johannesburg's Mall of Africa was buzzing on Friday with bargain hunters pushing trolleys laden…
U.S. jobless claims drop to five-week low of 209,000, but the report also contains hints of trouble
The numbers: The number of Americans who applied for unemployment benefits last week fell to a five-week low of 209,000,…
UN conference adopts 2030 goal on cleaner aviation fuels
(Reuters) - Nations at U.N.-led talks agreed on Friday an interim 2030 goal for reducing emissions from international aviation through…
Durable-goods orders tumble and show little sign of recovery among U.S. manufacturers
The numbers: Orders for durable or long-lasting goods sank 5.4% in October because of fewer contracts for Boeing passenger planes, but…
Home working may be helping Brazil’s inflation ease – central bank study
BRASILIA (Reuters) - Home working in Brazil may be relieving wage pressure in an otherwise buoyant labor market, a study…