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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Jobless claims drop to 3-week low of 230,000. Still no sign of rising U.S. layoffs.
The numbers: The number of Americans who applied for unemployment benefits last week fell by 10,000 to a three-week low…
China’s Meituan swings to profit on food delivery rebound, flags headwinds
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday posted a bigger-than-expected 33.4% rise in second-quarter revenue,…
Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation
The numbers: Orders for long-lasting goods rose in July for the third month in row if recent ups and downs at…
BRICS invites Saudi, Iran and others to join developing world bloc
By Carien du Plessis and Anait Miridzhanian JOHANNESBURG (Reuters) -The five BRICS developing nations will admit Saudi Arabia, Iran, Ethiopia,…
China should stick to ‘houses are for living, not for speculation’ – state media
BEIJING (Reuters) - China should adhere to the principle that "houses are for living in, not for speculation" for the…
Analysis – Bonus freedom to pay paltry ‘Brexit dividend’ for Britain’s banks
By Sinead Cruise and Huw Jones LONDON (Reuters) - Banks in Britain may be free to award even bigger bonuses…
BOJ says Governor Ueda to attend Jackson Hole Symposium
TOKYO (Reuters) - Bank of Japan (BOJ) Governor Kazuo Ueda will travel to the United States Aug. 24-28 to attend…
US bond yields surge despite muted inflation as investors look beyond Fed
By Davide Barbuscia NEW YORK (Reuters) -A recent spike in U.S. bond yields has come alongside muted expectations for inflation,…
Republican presidential debate: Haley impresses, as Pence, Ramaswamy also score points
The first debate for the 2024 Republican presidential primary featured former ambassador Nikki Haley and former Vice President Mike Pence…
Nvidia to report, Barkin flags ‘reacceleration scenario’ – what’s moving markets
Investing.com -- All eyes are on Nvidia, with the chipmaker and AI darling set to release second quarter earnings after…
GOP debate highlights: Vivek Ramaswamy ‘sounds like ChatGPT,’ Chris Christie gets stuck with ‘the UFO question’ and more
The first Republican presidential primary debate for the 2024 race was … chaotic. The eight candidates fed on the energy…
No new BRICS bank members to be announced at summit: CFO
By Rachel Savage JOHANNESBURG (Reuters) - The New Development Bank of the BRICS group of nations will not be announcing…
J.P.Morgan now expects ECB to pause, not raise, rates in September
(Reuters) - J.P.Morgan said on Wednesday it now expects the European Central Bank to pause its tightening cycle in September…
Trump calls his four indictments ‘nonsense’ during Tucker Carlson interview airing opposite the GOP debate
“‘I got indicted four times, all trivia, all nonsense.’” That was former President Donald Trump speaking to former Fox News…
Kuwait’s economic recovery faces ‘substantial’ risks – IMF
DUBAI (Reuters) - Kuwait's economic recovery is ongoing but risks to the oil producer's outlook "remain substantial" and gridlock between…
Analysis-With central banks’ job half done, global inflation talk is shifting
By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) - Inflation has tumbled spectacularly across much of the world this year but…
Bank of Korea stands pat, keeps 2023 growth and inflation forecasts
South Korea’s central bank stood pat on interest rates for a fifth straight time as widely expected and maintained its…
Global stock market correction likely before year-end: Reuters poll
By Hari Kishan BENGALURU (Reuters) - Global stock markets are heading for a correction in coming months, though overall they…