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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Aussie lender NAB to cut 10% jobs in markets division – AFR
(Reuters) - National Australia Bank (OTC:) is preparing to cut around 60 jobs of the 600-staff at its markets division…
Marketmind: Data, policy, diplomacy – China in focus again
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Case builds for China’s banks to cut deposit rates
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China's banks will cut deposit rates soon as part of efforts to…
Argentina offers financial aid to crisis-hit workers and pensioners
By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina's economy ministry on Sunday announced a series of benefits for workers and pensioners…
US-Sino tensions help spawn China card game craze
By Yew Lun Tian BEIJING (Reuters) - China's bankers and business executives have become increasingly reliant on domestic capital in…
Dollar wobbles as investors ponder ‘higher for longer’ rate path
By Ankur Banerjee SINGAPORE (Reuters) - The dollar eased from a 12-week peak on Monday as traders weighed the U.S.…
China approves 37 retail funds to help revive market
SHANGHAI (Reuters) - China's securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts…
China Evergrande loses $2.4 billion in value as trade resumes after 17 months
By Clare Jim HONG KONG (Reuters) -Shares of China Evergrande (HK:) Group fell as much as 87% early on Monday…
Asia shares rally as China measures boost market
By Wayne Cole SYDNEY (Reuters) - Asian shares rallied on Monday as China announced new measures to support its ailing…
Australia retail sales rebound after fall, annual rate slows further
SYDNEY (Reuters) - Australian retail sales rebounded in July after a sharp fall the previous month, but the annual rate…
How to keep the next ‘dash for cash’ from crashing bond market – study
JACKSON HOLE, Wyoming (Reuters) - Preventing the $25 trillion U.S. Treasury market from seizing up in a future crisis, as…
Jackson Hole recap: Fed rate hikes likely on hold for ‘several meetings’
Federal Reserve Chair Jerome Powell set a high bar for additional interest-rate hikes, economists said Sunday in their commentary on…
Russian finance minister expects 2023 GDP to grow by 2.5% or more – agencies
MOSCOW (Reuters) - Russia's economy is set to grow by 2.5% or more in 2023, while inflation is expected to…
Trump, Biden policies shifted trade from China at a cost, study shows
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) - U.S. trade has shifted away from China due to policies enacted by…
ECB rate pause now may be too early: policymaker
By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) - It may be too early for the European Central Bank to pause…
Fed’s Mester sees another rate hike, says rate cuts may have to wait
By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) - Beating inflation will probably require one more U.S. interest-rate…
No real fix to the sharp rise in public debt loads, economists say
By Ann Saphir Jackson Hole, Wyoming (Reuters) - The steep jump in public debt loads over the past decade and…
The US housing market may be trapped in a prolonged freeze
The U.S. housing market may be stuck in a prolonged freeze. Fannie Mae economists projected in a revised forecast that…