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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Elon Musk borrowed $1 billion from SpaceX right after Twitter acquisition: report
Billionaire entrepreneur Elon Musk turned to SpaceX for a $1 billion loan for his dramatic acquisition of the social media…
U.S. jobless claims fall to 216,000, lowest level since February
The numbers: Initial jobless benefit claims fell by 13,000 to 216,000 in the week ended Sept. 2, the U.S. Labor…
Brazil minister says Mercosur reply on trade deal sent to EU, diplomats deny
BRASILIA (Reuters) -Brazil's Foreign Minister Mauro Vieira said on Wednesday the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay has…
Swine fever detected in Sweden for the first time
STOCKHOLM (Reuters) - A dead wild boar in Sweden has tested positive for African swine fever, Sweden's Veterinary Institute said…
Opinion: American farmers urgently need new technology to keep food on the world’s table
There has always been a broad consensus among economists that investments in research and development (R&D) fuel the engine of…
Inflation eases on slowing goods price growth; consumers shift to borrowing: Fed
By Yasin Ebrahim Investing.com -- The economy grew modestly in July and August, and inflation slowed driven by slowing price…
Better policy could unlock growth in Latam – G30 think tank
NEW YORK (Reuters) - Latin American is at the crossroads of climate finance and supply chain rebuilding, and it could…
Analysis-Tax slump in outperforming Brazilian economy scrambles reform plans
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) - Even as Brazil's economic growth blew past expectations in the first…
US extends tariff exclusions on some Chinese categories till end of 2023
By Kanishka Singh WASHINGTON (Reuters) -The office of U.S. Trade Representative Katherine Tai on Wednesday further extended China "Section 301"…
Explainer-Why the US offshore wind industry is in the doldrums
By Scott DiSavino and Nerijus Adomaitis (Reuters) - The value of Danish energy company Orsted (CSE:), the world's largest offshore…
Biden administration cancels Alaska reserve’s 7 remaining oil-drilling leases
The Biden administration on Wednesday announced the cancellation of controversial oil and natural-gas leases in an Alaska federal wildlife refuge…
US economy grew modestly in recent weeks, Fed survey shows
By Ann Saphir and Michael S. Derby (Reuters) -U.S. economic growth was modest amid a cooling labor market and slowing…
U.S. stock futures lower as elevated oil prices revive inflation concerns
U.S. stocks finished lower on Wednesday with the Nasdaq Composite suffering three consecutive sessions of losses as investors remained wary…
Fed nominee Cook heads to confirmation with Senate vote
By Ann Saphir (Reuters) - The U.S. Senate voted 52-47 to clear the way for the confirmation of Federal Reserve…
McConnell says he’s not planning to retire, declines to elaborate on doctor’s statement
Senate Minority Leader Mitch McConnell on Wednesday declined to answer questions about what exactly might have caused his two freeze-ups…
US Senate will move ahead on spending package as soon as next week
WASHINGTON (Reuters) - The U.S. will move forward on a package of appropriations bills to avert a possible government shutdown…
Senate narrowly confirms Fed Gov. Lisa Cook for new 14-year term
Federal Reserve Gov. Lisa Cook, the first Black woman to serve on the governing board of U.S. central bank, on…
Possible Fed overtightening makes recession more likely than not, Deutsche Bank says
NEW YORK (Reuters) - Despite recent optimism around the U.S. economy, a recession remains a more likely scenario than a…