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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NY Fed defends cutoff of Puerto Rican bank after Venezuela-linked crackdown
By Luc Cohen NEW YORK (Reuters) - The Federal Reserve Bank of New York on Wednesday defended its plan to…
Jackson Hole: Read Fed’s Powell speech saying inflation not dead yet
Good morning. At last year’s Jackson Hole symposium, I delivered a brief, direct message. My remarks this year will be…
US companies may delay Colombia investments over government comments, industry body says
BOGOTA (Reuters) - U.S companies operating in Colombia are not looking to pull out of the South American country, but…
Fed’s Powell unsure of the need to raise interest rates further
Federal Reserve Chair Jerome Powell on Friday said the central bank remains unsure of whether more interest rate hikes are…
Colombia banks call for measures to help liquidity squeeze
BOGOTA (Reuters) - Colombia's banks have called on the country's central bank to tackle liquidity issues amid lower-than-expected government spending…
IMF frees $7.5 billion for Argentina, lowers bar for economy targets
By Rodrigo Campos (Reuters) -The executive board of the International Monetary Fund (IMF) on Wednesday approved the disbursement of $7.5…
Analysis-After limbo, Thailand’s new prime minister faces weakened economy
By Orathai Sriring and Devjyot Ghoshal BANGKOK (Reuters) - On the campaign trail, Thailand's new prime minister promised to kick-start…
US says stolen COVID relief funds seized so far top $1.4 billion
By Kanishka Singh WASHINGTON (Reuters) - The U.S. Justice Department said on Wednesday it has seized over $1.4 billion in…
Australia economy to slow, govt spending to rise as population ages-report
SYDNEY (Reuters) - Australia faces decades of slower economic growth as its population gets older which will pressure the budget…
Bank of Korea stands pat as inflation eases, growth risks heighten
By Jihoon Lee and Joyce Lee SEOUL (Reuters) -South Korea's central bank on Thursday held rates steady for a fifth…
Turkish central bank to hike policy to 20%; some expect smaller step
ISTANBUL (Reuters) -Turkey's central bank is expected to raise its policy rate to 20% this week, a Reuters poll showed…
Exclusive-Argentina to use IMF money to pay back part of a currency swap with China -sources
By Jorgelina do Rosario LONDON (Reuters) -Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to…
China looks forward to discussions with US commerce chief as trade flows slow
By Joe Cash BEIJING (Reuters) -China is looking forward to in-depth discussions with the United States on resolving economic and…
Stimulus or bust: Investors staying out of China until the spending starts
By Xie Yu and Yoruk Bahceli HONG KONG/AMSTERDAM (Reuters) -Global investors fleeing China have one simple message for the country's…
BoE Bank Rate peak seen at 5.50%, but strong chance of 5.75%: Reuters poll
By Shaloo Shrivastava and Jonathan Cable BENGALURU/LONDON (Reuters) - The Bank of England is now marginally predicted to make only…
Donald Trump’s mug shot, the new face of American political scandal
Former President Donald Trump has been charged with a litany of crimes over the past several months, but his status…
Fed struggles to gain traction in battle with spend-happy consumers
By Howard Schneider DANVILLE, Virginia (Reuters) - The new Caesars (NASDAQ:) casino in Danville, Virginia, is a temporary facility reminiscent…
Factbox-Fed chief Powell’s Jackson Hole history: The good, the bad and the ugly
By Ann Saphir Jackson Hole, Wyoming (Reuters) - Federal Reserve Chair Jerome Powell historically has come to the influential economic…