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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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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…