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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Macy’s flags acceleration in credit-card delinquencies
Macy’s on Tuesday reported a difficult quarter, with comparable-store sales at owned stores sliding 8%, and its earnings per share…
Elon Musk’s X plans to remove headlines from links to news articles
(Reuters) - Elon Musk is pushing to change how news links appear on his social media platform X, formerly called…
US FDIC to propose new bank resolution, long-term debt rules on Aug. 29
WASHINGTON (Reuters) - U.S. bank regulator the Federal Deposit and Insurance Corporation (FDIC) will on Aug. 29 propose new rules…
Buyout firm Roark sets conditions to clinch $9 billion-plus Subway deal-sources
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) - Private equity firm Roark Capital is in the lead to…
Brazil approves fiscal rules aimed at preventing public debt spike
By Maria Carolina Marcello BRASILIA (Reuters) -Brazil's lower house on Tuesday approved a new fiscal framework proposed by President Luiz…
Dollar hovers near two-month high, yen near 146/$
By Ankur Banerjee SINGAPORE (Reuters) - The U.S. dollar perched near a two-month peak on Wednesday as investors looked to…
Australia’s PMI shows cooling economy, but inflation not yet beat
SYDNEY — The Australian economy continues to cool quickly with Judo Bank’s purchasing managers index for August showing a marked…
Unpaid workers, silent sites: China’s property woes hit Country Garden
By Laurie Chen TIANJIN, China (Reuters) - At an unfinished Country Garden residential complex on the outskirts of the northern…
How will energy, climate change and EVs feature in the first Republican debate?
Republican presidential candidates taking the debate stage Wednesday night have questioned the severity of climate change, with at least one…
Putin says financial market volatility has hampered investment
MOSCOW (Reuters) - Russian President Vladimir Putin on Tuesday said volatility on financial markets had hampered companies' investment decisions and…
Putin says Russia faces big economic challenges, must keep inflation in check
MOSCOW (Reuters) - Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government…
Strong US data makes ‘reacceleration scenario’ possible, Fed’s Barkin says
By Howard Schneider DANVILLE, Virginia (Reuters) - The Federal Reserve must be open to the possibility that the economy will…
White House: China economic data less transparent in recent months
By Andrea Shalal and David Ljunggren (Reuters) - The United States on Tuesday criticized China for reducing the transparency of…
New Biden student loan plan cuts payments for millions, White House says
WASHINGTON (Reuters) -The Biden administration on Tuesday said it was overhauling student loan repayment plans, seeking to make payments more…
Republican debate: Why you may hear big numbers like 19% inflation, and how to make sense of it all
Economists don’t much like presidential-campaign seasons. For them, it’s a bit like seeing their manicured gardens getting trampled by schoolchildren…
Moody’s says economic loss from Hawaii wildfire could be as high as $6 billion
(Reuters) -Ratings agency Moody's (NYSE:) said on Tuesday it estimates the economic loss from the Hawaiian wildfires to be in…
Argentina’s Massa expects IMF board OK for $7.5 billion payout
By Jason Lange WASHINGTON (Reuters) - Argentine Economy Minister Sergio Massa said on Tuesday that he expects the International Monetary…
Business owner from NY says Georgia allowed manufacturing company to flourish: ‘We are busting at the seams’
A husband and wife who began their manufacturing operation in the basement of their home is now a booming business. …