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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Italian tourists flock to Albania in key boost for economy
By Fatos Bytyci and Florion Goga SARANDA, Albania (Reuters) - A waiter in an Albanian restaurant in the coastal resort…
A US-China detente to avoid ‘fiscally assured destruction?’ :Mike Dolan
By Mike Dolan LONDON (Reuters) -The United States and China may feel some financial detente is wise at this point…
Exclusive-German guarantees for China investments plummet -document
By Andreas Rinke BERLIN (Reuters) -The volume of investment guarantees provided by the German government to companies investing in China…
Explainer-What is a BRICS currency, and could one be adopted?
By Rachel Savage JOHANNESBURG (Reuters) - Brazil's President called on Wednesday for the BRICS nations to create a common currency…
QIA to take stake in Ambani retail firm at $100 billion valuation
BENGALURU (Reuters) -Qatar Investment Authority will invest $1 billion for a 1% stake in India's Reliance Retail Ventures, the retail…
France not planning household tax hikes, sources say other taxes possible
By Elizabeth Pineau PARIS (Reuters) -The French government has no plans to make households pay more taxes, Prime Minister Elisabeth…
New home sales climb in July despite steep mortgage rates
Sales of new U.S. homes climbed more than expected in July even as continued to confront high mortgage rates. New…
SEC votes to require private equity and hedge funds to disclose performance and fees
The U.S. Securities and Exchange Commission voted Wednesday to adopt new rules mandating that private equity and hedge funds disclose…
Czechs to seek lower loan from EU recovery fund
PRAGUE (Reuters) - The Czech government will scale back a planned loan from the European Union's post-COVID recovery fund to…
The U.S. economy is actually slowing down, not speeding up, these S&P surveys show
The numbers: The U.S. is on track to show a big increase in growth in the third quarter based on…
Investors expect ECB rate-hike pause in September after dismal PMIs
By Yoruk Bahceli (Reuters) -Traders on Wednesday firmed up bets that the European Central Bank would pause hiking interest rates…
U.S. created 306,000 fewer jobs in 2022 and early 2023 than initially reported
The U.S. economy has created millions of jobs since 2022, but the pace of hiring wasn’t quite as strong as…
US SEC votes on overhaul for $20 trillion private fund industry
By Carolina Mandl and Chris Prentice NEW YORK (Reuters) - The U.S. securities regulator on Wednesday was set to finalize…
Home buyers flee the housing market as mortgage rates surge to the highest level since 2000
The numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the…
Fed doves, Fed hawks: US central bankers in their words
(Reuters) - The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy…
Opinion: Americans need a fairer measure than CPI to reveal inflation’s true cost
“ CPI consistently understates inflation, leading to erroneous cost of living adjustments for benefits, pensions and financial-aid programs. ” The…
Marketmind: After the rebound, markets revert to type
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR
LONDON (Reuters) - Pay deals awarded by British employers cooled for the first time this year in the quarter to…