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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US House Speaker Johnson floats two-step measure to avert gov’t shutdown
By David Morgan WASHINGTON (Reuters) -U.S. House of Representatives Speaker Mike Johnson unveiled a Republican stopgap spending measure on Saturday…
MTN Nigeria clarifies debt repayment obligation after system glitch
Earlier today, MTN Nigeria subscribers experienced unexpected balance inquiry errors due to a network malfunction. This incident led to the…
Federal Reserve Comments Spark Precious Metals Market Decline
The precious metals market experienced a downturn following contrasting views from Federal Reserve officials regarding the future of interest rate…
Top investors warn of prolonged high interest rates and economic instability
Leading financial figures have raised concerns about the potential for continued high-interest rates and the resulting economic instability. At an…
Allianz Advisor El-Erian Predicts Stubborn Inflation Above Fed Target
In a recent interview with Bloomberg, Mohamed El-Erian, the chief economic advisor for Allianz (ETR:), provided his insights on the…
Rising labor costs and inflation weigh on corporate America
Corporate America is grappling with persistent inflationary pressures and rising labor costs, a trend that echoes the challenges faced in…
Anti-Israel protesters swarm Grand Central Terminal, splatter fake blood on New York Times building and set Israel flag ablaze
Hundreds of anti-Israel protesters calling for the elimination of the Jewish state stormed Grand Central Terminal in New York on…
Janus Henderson launches ETF focused on securitized products
By Matt Tracy (Reuters) - Asset manager Janus Henderson on Thursday announced the launch of a new exchange-traded fund aimed…
Business groups sue US labor board to block contract, franchise worker rule
By Daniel Wiessner (Reuters) - Several major U.S. business groups sued a federal labor board on Thursday, seeking to strike…
Wall Street hasn’t been this jumpy about a recession since the Volcker era
A telltale recession signal on Wall Street hasn’t been this jumpy since the Volcker era some 40 years ago. Paul…
Marketmind: Powell dishes out cold reality check
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Lazard CEO says geopolitics central to business moves
By Lananh Nguyen NEW YORK (Reuters) -Lazard's new Chief Executive Officer Peter Orszag said escalating geopolitical tensions in China, Ukraine…
France to make 10% threshold for non-EU investment scrutiny permanent
PARIS (Reuters) -France will tighten rules for non-EU investments in French companies by making a 10% threshold that triggers a…
Banking sector faces risks from inflation -Moody’s
By Paritosh Bansal and Tatiana Bautzer NEW YORK (Reuters) - The banking sector is not yet out of the woods,…
Potential for remittance income to be cut by AI, says Philippines finance minister
By Rodrigo Campos NEW YORK (Reuters) -Philippines Finance Minister Benjamin Diokno says there is potential that the remittances that help…
US Education Dept to use ‘secret shoppers’ to monitor loan servicers
By Jeff Mason NEW YORK (Reuters) - The U.S. Education Department will press forward with a "secret shopper" program to…
Fed’s Powell, others, not ready to call policy peak
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. Federal Reserve officials including Fed Chair Jerome Powell said on Thursday…
EU watchdog cautions against one-size-fits-all rules for non-banks
By Huw Jones LONDON (Reuters) - Regulators should keep on open mind when writing rules for the world's $239 trillion…