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

News Room News Room 6 Min Read

Your best advisor to finance and money management.

Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.

Latest News

Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way

By Chijioke Ohuocha ABUJA (Reuters) - Nigeria's annual economic growth rate slowed to 2.51% in the second quarter, data showed

News Room News Room

BOJ chief says current strategy is warranted by below-target inflation in Japan

Bank of Japan Governor Kazuo Ueda on Saturday said inflation remains lower than the central bank’s goal, explaining why officials

News Room News Room

Fed is prepared to raise rates further if needed, despite progress: Powell

Investing.com -- The Federal Reserve is prepared to continue raising interest rates until it is convinced inflation is headed toward its

News Room News Room

Central bank efforts to cool inflation may harm innovation, study shows

By Howard Schneider JACKSON HOLE, Wyoming (Reuters) - Central bank efforts to slow inflation, by raising borrowing costs and cooling

News Room News Room

Fed’s Mester sees another interest rate hike, says cuts may have to wait

Beating inflation will probably require one more U.S. interest-rate hike and then going on hold for “a while,” Cleveland Federal

News Room News Room

Large US homebuilders raise prices as existing home supply remains tight

By Ananta Agarwal (Reuters) - Publicly listed U.S. homebuilders are raising prices on new construction, taking advantage of an acute

News Room News Room

Biden admin’s latest home appliance crackdown: ceiling fans

Ceiling fans are now the latest target in the Biden administration's green agenda, sparking pushback from Republicans and manufacturers. The

News Room News Room

India hopes to conclude free trade deal with Britain this year, finance minister says

NEW DELHI (Reuters) -India hopes to conclude talks over a free trade deal with Britain by the end of this

News Room News Room

Chinese minister says India free to join RCEP trade bloc

NEW DELHI (Reuters) - India is free to join the Regional Comprehensive Economic Partnership (RCEP), China's Vice Commerce Minister Wang

News Room News Room

Fed’s Powell says central bank may need to raise interest rates further

NEW YORK/LONDON (Reuters) - The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained,

News Room News Room

Rate hike chances rise after remarks by Fed’s Powell

By Gertrude Chavez-Dreyfuss and Dan Burns NEW YORK (Reuters) - Interest rate futures tied to the Federal Reserve's policy rate

News Room News Room

Fed’s Mester keeps door open for more rate hikes in CNBC interview

By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said on Friday it's

News Room News Room

Biden administration unveils new crypto tax reporting rules

By Hannah Lang (Reuters) -Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales

News Room News Room

U.S. trucking firms see freight downturn reversing after dour quarter

By Priyamvada C (Reuters) - The U.S. trucking industry may begin to see an uptick in freight demand in the

News Room News Room

China Evergrande says resumption guidance fulfilled, shares set to trade next week

(Reuters) - Embattled property developer China Evergrande (HK:) Group said on Friday it has "adequately" fulfilled the resumption guidance issued

News Room News Room

Analysis-After Turkey’s giant rate hike, foreign investors mull return

By Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) - Turkey's latest massive interest rate hike has caught the attention of

News Room News Room

Factbox-Highlights of Fed Chair Powell’s Jackson Hole speech

(Reuters) - Federal Reserve Chair Jerome Powell on Friday said the central bank may need to lift interest rates further

News Room News Room

Powell’s steady hand steers dollar higher: McGeever

By Jamie McGeever ORLANDO, Florida (Reuters) - Federal Reserve Chair Jerome Powell's speech in Jackson Hole is likely to maintain

News Room News Room