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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South Korea think-tank raises inflation forecast on higher energy prices
SEOUL (Reuters) - A South Korean government think-tank revised its annual inflation projection upwards on Thursday, citing the recent rise…
U.S. jobless claims rise to highest level in a month
The numbers: U.S. initial jobless benefit claims rose by 21,000 to 248,000 in the week ended Aug. 5, the Labor…
Indian c.bank holds rates at 6.5%, sees ‘substantial’ increase in inflation
Investing.com -- The Reserve Bank of India (RBI) kept interest rates steady on Thursday, as expected, and said that it…
U.S. inflation rate creeps back up, CPI shows, but probably not enough to worry the Fed
The numbers: U.S. consumer prices rose a mild 0.2% in July, but the rate of inflation rose for the first…
Are Chinese houses for speculation now? Property investors say no
By Liangping Gao, Ella Cao and Marius Zaharia BEIJING/HONG KONG (Reuters) - Shanghai businesswoman Kate Ren might have hoped that…
Uganda president defiant after World Bank suspends funding over LGBT law
By Elias Biryabarema KAMPALA (Reuters) -Uganda's President Yoweri Museveni on Thursday denounced the World Bank's decision to suspend new funding…
Strategist who forecasted inflation surge now expects ‘stagflation lite’
Stagflation has almost disappeared as a talking point, and logically so — the economy keeps growing, and adding jobs, while…
Indian cenbank seeks more rate transparency in floating rate retail loans
MUMBAI (Reuters) -The Reserve Bank of India (RBI) on Thursday said it will put in place a framework to ensure…
U.S. stock futures advance ahead of crucial inflation report
U.S. stock futures rose Thursday ahead of the release of crucial inflation data.What’s happening Dow Jones Industrial Average futures YM00,…
Travel, luxury stocks lift European shares ahead of US inflation data
By Shashwat Chauhan (Reuters) -European stocks rose on Thursday, with luxury and travel stocks climbing after China eased travel restrictions,…
Bond yields steady ahead of CPI, 30-year auction
Bond yields held to a tight range ahead of data that could show the annual pace of core inflation receding.What’s…
India’s RBI holds rates steady but eyes food price spike; signals tighter policy
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India held its key lending rate steady on…
Analysis-ECB is on back foot and for once it’s down to Germany
By Francesco Canepa FRANKFURT (Reuters) - The European Central Bank is on the back foot again and this time the…
Costs from supply chain disruptions drop by over 50% but headwinds remain -survey
(Reuters) -Financial losses due to supply chain disruptions dropped more than 50% on average in 2022, compared with a year…
Sri Lanka central bank cuts statutory reserve ratio by 200 bps
By Uditha Jayasinghe COLOMBO (Reuters) - The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial…
Can Argentina’s economy chief helm Peronist ‘shipwreck’ to election win?
By Nicolás Misculin BUENOS AIRES (Reuters) - Argentina's Economy Minister Sergio Massa is an unlikely hero for the embattled ruling…
Latest China developer debt woes could spur policy aid, but industry downbeat
By Clare Jim HONG KONG (Reuters) -News that big developer Country Garden was not able to make $22 million in…
Do CPI days still rock the stock market? How 2023 stacks up to 2022
CPI Day isn’t what it used to be in terms of sending the U.S. stock-market on a wild ride. In…