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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Hollywood strikes have cost California $5 billion, analyst says
California has lost about $5 billion of economic value after the Alliance of Motion Picture and Television Producers and the…
Marketmind: Brittle markets brace for China trade blues
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Analysis-China’s economic gloom hangs over Japan’s long-awaited recovery
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) - Policymakers in Tokyo believe China's deepening economic woes could hit Japan's…
Biden gives pep talk about unions, with UAW strike possible next week
President Joe Biden on Wednesday praised a deal between unionized dockworkers and their employers that prevented a strike at West…
US Senate confirms Jefferson as Fed vice chair, Cook to new term on board
By Ann Saphir and Richard Cowan (Reuters) -The U.S. Senate on Wednesday confirmed Philip Jefferson as vice chair of the…
U.S. Senate overwhelmingly confirms Jefferson as Fed’s No.2
The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson as the Federal Reserve’s Vice Chair. Jefferson, an economist…
It’s official: This summer was the hottest on record
The globe just experienced its hottest summer on record. That means searing temperatures not only put portions of the population…
Lower growth in China not affecting commodity prices ‘that much,’ Brazil’s Campos Neto says
BRASILIA (Reuters) - Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China…
Biden continues to test negative for COVID after first lady tests positive
President Joe Biden tested negative for COVID-19 on Wednesday morning and is not experiencing any symptoms, White House press secretary…
Waller says recent data gives Fed space to decide next interest rate move
By Michael S. Derby (Reuters) -Federal Reserve Governor Christopher Waller said on Tuesday the latest round of economic data was…
Last burst of leisure spending leads to modest U.S. growth in summer months, Fed’s Beige Book says
The outlook: The U.S. economy grew at a modest pace in July and August, bolstered by “the last stage of…
Demand in focus as UK homebuilders set to brief markets on recent trading
(Reuters) - Investors in British housing stocks will be eager to glean insights on demand and selling prices as some…
US federal budget deficit projected to double this year
The U.S. federal deficit is projected to nearly double this year as a result of higher interest rates and lower…
Prime Group agrees to pay $20.5 million to settle US SEC charges
NEW YORK (Reuters) -Prime Group Holdings LLC, a private equity firm based in Saratoga Springs, New York, has agreed to…
U.S. trade deficit widens in July as imports and exports jump
The numbers: The U.S. international trade deficit widened 2% in July to $65 billion, the Commerce Department said Wednesday. Economists…
Brazil readies first ESG bond, eyes Sep-Nov window, official says
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) - Brazil's government on Tuesday outlined plans for its first sustainable sovereign…
Fed’s Collins expects to see slowing U.S. economic growth by end of this year
The U.S. economy will start to soften as the year draws to a close and then the weak growth will…
US securities regulator charges 5 investment advisers with custody rule violations
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday said it has charged five investment adviser firms…