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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Powell may lay out carpet for new era of higher rates later this week
Investing.com -- President Jerome Powell is set to potentially deliver fresh clues on monetary policy later this week, but while…
Marketmind: A rare ray of light in selling gloom?
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Why investors are back to a ‘grab for yield,’ according to Mizuho strategist
The U.S. economy hasn’t stumbled yet, even through the Federal Reserve has jacked up interest rates to a 22-year high.…
Jackson Hole meeting: When is Jerome Powell’s speech? What investors need to know.
The eyes of investors around the world will be watching Wyoming this week, as the Federal Reserve’s annual Jackson Hole…
Tropical Storm Hilary unleashes flash floods in California
By Rollo Ross and Alan Devall RANCHO MIRAGE, California (Reuters) -Tropical Storm Hilary unleashed furious flash floods east and west…
Australia sees sharp jump in spending on care over next 40 years
SYDNEY (Reuters) - The Australian federal government will have to spend about half its total budget on health, aged care,…
New York, California each lost $1T in assets as financial firms fled south
The steady exodus of Wall Street banks and big tech firms from California and New York over the past several…
Republican presidential debate: What time it starts, how to watch and more
The first debate in the 2024 Republican presidential primary is slated to take place Wednesday night at Milwaukee’s Fiserv Forum,…
Australia’s $1.5 trln pension sector invests in debt again
By Lewis Jackson SYDNEY (Reuters) - Australia's A$2.4 trillion ($1.54 trillion) pension sector grew its investments in local and foreign…
Futures rise with Jackson Hole ahead, Zoom to report – what’s moving markets
Investing.com -- Stock futures inch into the green, hinting at an early rebound for equities following a losing week on Wall…
Rents fall in July due to rising supply of apartments — but they’re up 25% since before the pandemic
Rents fell across the nation for the third month in a row due to rising supply of apartments. The median…
Republican feud over ‘root canal’ spending cuts raises US gov’t shutdown risk
By David Morgan WASHINGTON (Reuters) - A feud over spending cuts between hardline and centrist Republicans in the U.S. House…
‘Only the elites have the ability to have bank accounts all over the world’: Small businesses battle Fed for master account access.
When Lionel Danenberg’s upstart company won preliminary approval for a banking charter from the Idaho Department of Finance in August…
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
By Howard Schneider WASHINGTON (Reuters) - After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the…
Japan to raise FY2024/25 assumed interest rate after BOJ policy tweak -Kyodo
TOKYO (Reuters) - Japan's Ministry of Finance will raise its assumed long-term interest rate to 1.5% for the fiscal 2024/25…
Opinion: China is nowhere near deflation, and global investors aren’t ready for what’s coming
The prevailing narrative that China will export deflation abroad and push all other central banks to be more dovish is…
Historic drought, hot seas slow Panama Canal shipping
By Lisa Baertlein and Marianna Parraga LOS ANGELES/HOUSTON (Reuters) - Before the Ever Max ship carrying lava lamps, sofas, Halloween…
Opinion: The debt supercycle that hit the U.S. and Europe has now come for China
The 2008 financial crisis in the United States kicked off a debt supercycle, which spread to Europe in 2010 and has…