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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ANZ Group reports slight rise in late mortgage payments
By Rishav Chatterjee (Reuters) -ANZ Group Holdings said on Thursday late mortgage repayments edged up in the June quarter but…
Biden warns Hurricane Hilary could ‘bring significant rain and flooding to Southern California’
President Joe Biden on Friday said his administration is “closely monitoring Hurricane Hilary, which has the potential to bring significant…
Fitch may rethink China’s A+ rating amid growing economic woes
Investing.com -- Fitch Ratings may consider rethinking China’s A+ sovereign credit rating amid growing economic headwinds to the Asian giant,…
Biden says Trump’s policies weakened the U.S. while hailing new ties with Japan, South Korea
President Joe Biden on Friday criticized former President Donald Trump’s approach to foreign policy, with his remarks coming as he…
Australian $100 billion pension fund targets private assets with London launch
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) - Australia's third-largest pension fund will officially open its first overseas outpost…
Philippines central bank keeps rates steady, but ready to resume hikes if needed
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left its benchmark interest rate steady…
Non-Trump Republican presidential candidates to try for ‘breakout moment’ in next week’s debate
The first debate in the 2024 Republican presidential primary offers a chance for candidates to try to chip away at…
Fed minutes fallout, Walmart on deck – what’s moving markets
Investing.com -- Minutes from the Federal Reserve's latest policy meeting suggest that officials at the U.S. central bank were divided…
Expert warns Biden’s Camp David summit is one of ‘very few plans left’ over China threat
With President Biden hosting his first international meeting at Camp David, one global policy expert warned that the summit is…
Norway central bank raises rate to 4.0%, eyes September hike
By Gwladys Fouche and Terje Solsvik ARENDAL, Norway (Reuters) -Norway's central bank raised its benchmark interest rate by 25 basis…
Recession? These are the states where the labor market is sizzling.
Not so long ago, many economists and very smart people were predicting an economic recession would take place in the…
Analysis: Why is China not rushing to fix its ailing economy?
By Laurie Chen and Yew Lun Tian BEIJING (Reuters) - With China at risk of tipping into prolonged stagnation and…
Nigerian court adjourns suspended central bank governor’s fraud hearing
ABUJA (Reuters) - A Nigerian court in the capital Abuja adjourned a hearing on Thursday for suspended central bank governor…
Biden official touts ‘new era’ for alliance with Japan and South Korea, but says it’s ‘not a NATO for the Pacific’
“‘First, it’s explicitly not a NATO for the Pacific. We’ve said that, we will continue to underscore that, and so…
Chinese banks should keep a ‘proper level’ of profit margins -central bank
BEIJING (Reuters) - Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure…
Factbox-Five facts about China asset manager whose troubles fanned spillover fears
BEIJING/SHANGHAI (Reuters) - A liquidity crisis at one of China's top asset managers Zhongzhi Enterprise Group has fuelled worries that…
China cenbank says it will keep policy ‘precise, forceful’ to aid recovery
BEIJING (Reuters) - China's central bank said on Thursday it would keep liquidity reasonably ample and keep its policy "precise…
China’s sliding yuan could be next ‘black swan event’ for markets, hedge fund EDL says
By Nell Mackenzie LONDON (Reuters - Hedge fund EDL Capital is betting on further falls for China's offshore currency and…