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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Consumer sentiment improves, but Americans are still worried about inflation
The numbers: Consumer sentiment improved slightly near the end of November, but Americans are more worried about the economy and…
BOC Signals Interest Rate Ceiling, Markets Eye Dec 6 Decision
OTTAWA - Bank of Canada Governor Tiff Macklem has hinted at a potential ceiling on interest rates, following a period…
U.S. economy growing only at a subdued rate in early November, S&P Global says
The numbers: The U.S. economy expanded but at a relatively subdued pace in early November, latest data from S&P Global show.…
British Business Bank unveils £130m fund to boost Welsh SMEs
CARDIFF - The British Business Bank has launched a £130 million investment fund designed to drive sustainable economic growth by…
Fed’s Barkin says he sees inflation ‘being stubborn,’ makes case for keeping rates ‘higher for longer’
Richmond Federal Reserve Bank President Tom Barkin said Monday that inflation has come down nicely, but some businesses are planning…
SARB maintains repo rate at 8.25%, signals possible future easing
The South African Reserve Bank (SARB) has held its repo rate steady at 8.25%, a decision made unanimously by the…
‘Most’ Fed officials continue to worry about reacceleration of inflation, minutes show
Federal Reserve officials remain concerned that the strong U.S. economy would cause inflation to reaccelerate, according to minutes of the…
Turkey central bank raises interest rates to 40% amid inflation crisis
ANKARA - In a bold move to tackle the country's soaring inflation, the Central Bank of Turkey has increased its…
Treasury yields remain near 2-month lows after Fed minutes show policymakers agree rates need to stay high to curb inflation
Longer-dated U.S. Treasury yields held mostly steady on Tuesday, hovering near two-months lows after the minutes from the Federal Reserve’s…
Global equities head toward big monthly gain, dollar falls
By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Major Wall Street indexes notched weekly gains on Friday, as global…
Health of several key sectors, including the U.S. consumer, plus an outlook from Fed’s Powell on radar this coming week
Recession fears are rising. Nothing beats fear better than good information and that’s what we will get this week. Investors…
Dollar slips on bets US rates have peaked
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against a basket of currencies on Friday on news of…
The ‘great inflation surge’ will end in 2024 and rates will fall nearly everywhere, says Capital Economics
A handful of big themes are set to take hold in the new year, two of which are the likelihood…
IMF approves $3 billion SBA for Pakistan, $1.2 billion disbursed
ISLAMABAD - Pakistan has received a significant financial boost as the International Monetary Fund (IMF) Executive Board approved a $3…
Dow refreshes highest close in nearly four months after Fed official’s remarks, with inflation data ahead
U.S. stocks closed higher Tuesday as traders strove to extend the rally in November so far, after remarks by a…
ECB highlights risks in eurozone banking and labor costs amid inflation
Amid the ongoing economic challenges, Luis de Guindos, Vice President of the European Central Bank (ECB), has voiced concerns over…
New-home sales drop in October to much lower level than expected
The numbers: U.S. new-home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 in October, from a revised…
Canada’s inflation eases in October, likely closing door on more rate hikes
(This Nov. 21 story has been corrected to say that services prices 'accelerated to 4.6%, the largest increase,' not 'accelerated…