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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J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) - J.P. Morgan said on Tuesday China's residential property market could see a sharper-than-expected slump this year following downbeat…
JPMorgan ramps up EM default rate forecast amid China property woes
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast…
Uganda central bank cuts policy rate to boost growth as inflation slows
By Elias Biryabarema KAMPALA (Reuters) -Uganda's central bank cut its main lending rate on Tuesday for the first time in…
Analysis-China trust deficit: crisis spurs shadow banking policy response calls
By Summer Zhen and Laura Matthews HONG KONG/NEW YORK (Reuters) -Chinese fears of a spillover from missed payments on some…
Russian central bank jacks up rates to 12% to support battered rouble
MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency…
Global wealth drops for first time since 2008
Global wealth fell last year for the first time since the financial crisis of 2008, according to an annual report…
Germany planning to raise amount of tax relief for firms: document
BERLIN (Reuters) - The German government is planning to raise the amount of tax relief it will give to companies…
Argentine peso steady after devaluation as central bank tightens control
By Jorge Otaola BUENOS AIRES (Reuters) - Argentina's peso was flat on Tuesday at 350 per dollar after the central…
Kashkari: not ready to say Fed is done raising rates
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that while the U.S. central bank has…
Trump would have to wait years if he were to be pardoned in Georgia case — with no president or governor able to deliver
As analysts react to the fourth criminal indictment of former President Donald Trump, this time in Georgia’s Fulton County, they’re…
IMF staff to visit Sri Lanka in Sept for first programme review
LONDON (Reuters) - An International Monetary Fund (IMF) staff team will visit Colombo in a month's time for the first…
5% GDP? Forecast for U.S. economy gets big retail boost
The Atlanta Federal Reserve estimates the U.S. economy is on track to grow at a frothy 5% annual pace in…
IMF in touch with Milei, Bullrich camps after Argentina primary -source
(Reuters) -The International Monetary Fund (IMF) reached out to the camps of Argentina presidential candidates Javier Milei and Patricia Bullrich…
Fed’s Kashkari says he’s not ready to say Fed’s done with rate hikes
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that he is not ready to declare victory in the battle over…
Brazil fuel price hike to trigger inflation revision, says central bank chief
BRASILIA (Reuters) -Brazil will likely need to upwardly revise its inflation estimates, central bank Governor Roberto Campos Neto said on…
Trump indictment in Georgia: What does a RICO charge mean?
Donald Trump may not be a mob boss. But how and why did Georgia prosecutors charge him and his associates…
Nvidia shares climb as analysts raise targets ahead of report
(Reuters) - Shares of Nvidia (NASDAQ:) rose more than 3% in hefty trading volume on Tuesday after two brokerages raised…
Biden says he plans Hawaii visit in wake of Maui wildfires
President Joe Biden on Tuesday said he and first lady Jill Biden are planning a visit to Hawaii “as soon…