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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U.S. mortgage rates rise to the highest level in 21 years

Mortgage rates increased for the fourth week in a row, as the U.S. economy continues to show signs of strength

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New Zealand c.bank keeps rates steady at 5.5%, sees sticky inflation

Investing.com -- The Reserve Bank of New Zealand (RBNZ) kept interest rates steady on Wednesday, and said that interest rates

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Trump warns over US dollar losing its dominance: ‘Our country is going to hell’

In a preview of the 45th U.S. President Donald Trump’s exclusive sit-down interview with FOX Business’ Larry Kudlow, the Republican

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64% of Americans say they wouldn’t support Trump: poll

Former President Donald Trump got some unwelcome news in a new poll this week: 53% of Americans say they would

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Thai economy expanding as policy rate nears stability level – central bank minutes

BANGKOK (Reuters) - Thailand's economy should continue to expand as the policy rate is approaching a level consistent with long

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NZ central bank sees cash rate on hold until 2025

By Lucy Craymer WELLINGTON (Reuters) -New Zealand's central bank held its cash rate steady at 5.5% on Wednesday but slightly

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Philadelphia Fed manufacturing gauge in expansion territory for first time in a year

The numbers: The Philadelphia Federal Reserve said Thursday its gauge of regional business activity rose to 12 in August from

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‘BRICS bank’ issues first South African rand bonds

By Rachel Savage JOHANNESBURG (Reuters) - The development bank founded by the so-called BRICS countries closed the auction for its

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Leading index for economy falls for 16th month in a row — but still no U.S. recession

The numbers: The leading economic index fell 0.4% in July and declined for the 16th month in a row, but other

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Thai key rate near balanced level, politics won’t impact policy – central bank chief

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand's current level of the benchmark interest rate was nearly balanced,

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Yield gap between China and US widens to highest since 2007 after surprise rate cut

SHANGHAI/SINGAPORE (Reuters) - Yield differentials between China and the U.S. widened to their highest in 16 years on Wednesday, as

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Jobless claims fall 11,000 to 239,000. Layoffs in the U.S. still low

The numbers: The number of Americans who applied for unemployment benefits last week fell by 11,000 to 239,000, underscoring the

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Bumpy road for China’s ride hailing drivers as economy slows

By Casey Hall SHANGHAI (Reuters) - Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money

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Target to report, VinFast’s market debut – what’s moving markets

Investing.com -- U.S. stock futures inch into the green, hinting at a recovery from declines in the preceding session, as

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Higher-for-longer rates regime pressures US recession trades

By Davide Barbuscia NEW YORK (Reuters) -Bond investors who had positioned portfolios defensively in anticipation of a U.S. recession are

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Here’s when the San Francisco Fed expects households to run out of COVID-era extra savings

Data released this week showed a big rise in retail sales — but the extra cash that households have on

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Iraq set in ‘battle’ against dollar smugglers, central bank governor says

By Timour Azhari BAGHDAD (Reuters) - Iraq has made strides implementing U.S. dollar supply restrictions targeting Iran but faces an

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China will strengthen policy coordination to meet growth target – state media

BEIJING (Reuters) - China will strengthen the coordination of various policies to boost growth and meet this year's economic target,

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