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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RBA keeps rates steady, offers no surprises in Lowe’s final meeting
Investing.com-- The Reserve Bank of Australia kept interest rates steady as expected on Tuesday, and said that it will continue…
Government shutdown could hurt Republicans’ chances in 2024 election, analysts say
Which party could get punished at the polls next year if there’s a partial government shutdown this year? “None of…
Asset managers look to sell Hong Kong buildings as higher rates bite
By Clare Jim HONG KONG (Reuters) - Asset managers are increasingly looking to dispose of their commercial buildings in Hong…
Biden antitrust enforcers stick to ‘tough talk’ despite mounting court losses
The Biden administration is pushing forward with new merger enforcement guidelines even as antitrust enforcers have been dealt a series…
Goldman Sachs cuts chances of US recession in next one year to 15%
(Reuters) -Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to…
RBA holds steady as Lowe bows out, markets bet tightening cycle over
By Stella Qiu SYDNEY (Reuters) -Australia's central bank on Tuesday kept interest rates steady for a third month at the…
Biden nominates former Treasury secretary Jacob Lew as U.S. ambassador to Israel
President Joe Biden on Tuesday nominated Jacob Lew, a former U.S. Treasury secretary and White House budget director, as U.S.…
ECB chief economist says easing inflation welcome but must continue -report
(Reuters) - European Central Bank Chief Economist Philip Lane expressed cautious optimism that inflation was slowing in an interview with…
Fed’s Waller not pushing for any quick interest-rate hike
Federal Reserve governor Christopher Waller, who has been a key voice pressing the central bank to continue to raise interest…
Thai central bank to revise down forecasts for 2023 growth and inflation
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) -Thailand's 2023 economic growth and inflation are expected to be lower than…
U.S. factory orders plunge in July after four straight gains
Orders for U.S. manufactured goods fell a sharp 2.1% in July, the Commerce Department said Tuesday. This is the first decline…
Germany’s finance minister: fiscal normalization is just beginning
By Maria Martinez and Christian Kraemer BERLIN (Reuters) -Germany's budget for 2024 is one of the first steps in its…
No evidence McConnell has seizure disorder or had stroke, doctor says
Senate Minority Leader Mitch McConnell’s office on Tuesday released more information from the U.S. Capitol physician about the 81-year-old Kentucky…
Futures slip, Goldman Sachs cuts recession chances – what’s moving markets
Investing.com -- U.S. stock futures edge down following the Labor Day holiday, with traders trying to suss out the path ahead…
US Senate races ahead of House on spending bills, aims to avoid gov’t shutdown
By Richard Cowan WASHINGTON (Reuters) -Top Democrats in the U.S. Senate will look to gain the upper hand over House…
U.S. recession chances lowered by Goldman Sachs for the third time in four months
The chances of the U.S. falling into recession over the next 12 months has fallen to just 15%, according to…
Rising demand for Fed bank lending program not a sign of stress
By Michael S. Derby NEW YORK (Reuters) - Almost half a year after Silicon Valley Bank went belly up and…
Opinion: The Fed’s inflation fight will push the 10-year Treasury yield to 5%
“ Getting inflation down to 2% will prove challenging — at least without the Fed tightening monetary policy enough to…