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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S&P 500, Nasdaq post best day since April as subdued inflation reading sparks buying frenzy
U.S. stocks closed sharply higher Tuesday, after a subdued October inflation reading reinforced expectations the Federal Reserve is finished raising…
Fed Chair Powell signals prolonged monetary policy to tackle inflation
Federal Reserve Chair Jerome Powell, speaking at an International Monetary Fund (IMF) event yesterday, underscored the need for a sustained…
U.S. stocks head for best day since January and could climb higher by end of day
U.S. stocks are trucking higher on Tuesday following a subdued October inflation report. It’s the first time since March that…
Russian inflation rises at fast pace again in October
(Reuters) - Inflation in Russia quickened in October, data from the state statistics service Rosstat showed on Friday, justifying the…
Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May
Exchange-traded funds that buy bank stocks surged Tuesday after a reading on inflation was softer than Wall Street analysts expected.…
Barclays launches £175 switching bonus for new current account users
In a recent bid to attract new customers, Barclays has announced a £175 bonus for individuals who switch to their…
Bank of America, JPMorgan Chase and Wells Fargo shares shrug off Moody’s outlook cut to negative from stable
Moody’s Investors Service cut its rating outlook to negative from stable on Bank of America Corp., JPMorgan Chase & Co.…
Colombia’s economy expected to have grown 0.5% in third quarter: Reuters poll
BOGOTA (Reuters) - Colombia's economy expanded 0.5% on a year-on-year basis in the third quarter, according to a Reuters poll…
Germany’s top judges to rule on legality of government budget. Here’s what it’s all about.
Germany’s Federal Constitutional Court is expected on Wednesday to deliver a decision on fiscal rules that could have big implications…
Hamilton Insurance shares rise 1.7% in NYSE debut
By Pritam Biswas and Arasu Kannagi Basil (Reuters) -Hamilton Insurance Group notched a valuation of $1.68 billion as shares rose…
Inflation flat in October thanks to cheaper gas, CPI shows. U.S. prices not rising as fast.
The numbers: The cost of living was unchanged in October as cheaper gasoline took the edge off U.S. inflation, pointing…
Pamela Chase Dyson to step down as New York Fed CIO
The Federal Reserve Bank of New York today announced that Pamela Chase Dyson will step down from her position as…
Ahead of House vote to avoid government shutdown, Speaker Johnson says, ‘You have to fight fights that you can win’
House Speaker Mike Johnson sounded upbeat early Tuesday about securing passage of a stopgap funding measure that would prevent a…
Malawi Kwacha devaluation impacts national budget and economic outlook
In a significant move that is set to reshape Malawi's economic landscape, the country's currency, the Kwacha, has undergone a…
Economists embrace notion of ‘no landing’ for economy in 2024
Corrects to show economists expect inflation to be above the Fed’s target in 2024. Ever since the pandemic started to…
IMF projects 3% economic growth for Honduras amid reforms
In a recent evaluation, the International Monetary Fund (IMF) highlighted a surge in economic growth for Honduras, anticipating a 3%…
Economists in hawkish camp don’t surrender in wake of October consumer-inflation print
The softer-than-expected October consumer-price data isn’t the game changer for inflation that markets seem to think, some hawkish economists said…
India must achieve over 8% growth for job creation, says ex-RBI chief Rajan
In a recent Beijing video call, Raghuram Rajan, the former governor of the Reserve Bank of India, highlighted the crucial…