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…
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…
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…
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…
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…
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…
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…
‘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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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,…