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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Clara moves headquarters to Brazil as ‘payment institution’ license secured
By Gabriel Araujo SAO PAULO (Reuters) - Fintech Clara is moving its headquarters from Mexico to Brazil after obtaining a…
The U.S. economy is aiming for a three-peat: 2% GDP growth
The U.S. was supposed to be in or near recession by now because of rising interest rates. Instead a resilient…
Bond strategists cling to forecasts for declining U.S. yields: Reuters poll
By Sarupya Ganguly and Indradip Ghosh BENGALURU (Reuters) - U.S. Treasury yields will fall in coming months despite clear signs…
Biden announces new restrictions on U.S. investments in China
President Joe Biden issued an executive order Wednesday directing his administration to implement new restrictions on U.S. investment in high-tech…
White House to announce ban on some Chinese investments – reports
Investing.com -- The Biden administration is set to release a long-awaited executive order Wednesday that bans U.S. private equity and venture…
SEC plans to appeal Ripple ruling
The Securities and Exchange Commission filed a letter in federal court Wednesday announcing its intention to appeal a portion of…
Analysis-Italian government’s raid on banks undermined by confusion
By Angelo Amante and Valentina Za ROME (Reuters) - A drive to shore up its political base and appeal to…
Cat bond funds ranked among 2023’s top-performing credit funds
By Nell Mackenzie LONDON (Reuters) - Catastrophe bond funds rank among the 10 best performing credit funds this year, as…
July CPI to come in close to expectations as U.S. settles into final mile along the road to lower inflation, traders say
Shoppers walk into a department store in Austin, Texas. Traders and investors are awaiting Thursday’s consumer price index report for…
US railroad Amtrak exploring high-speed rail service in Texas
(Reuters) - U.S. passenger railroad Amtrak and Texas Central Partners said Wednesday they are seeking federal grants for proposed high-speed…
Americans feel grimmer about the economy. Here’s what’s to blame.
It’s improved a bit over the last few months, but consumer sentiment is still extremely depressed. Of course, there’s high…
Russia abandons budget rule in effort to save tanking rouble
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) - Russia effectively abandoned its budget rule on Wednesday as the central…
Sen. Dianne Feinstein at home after minor fall, office says
Sen. Dianne Feinstein, a California Democrat, is at home after being hospitalized following a fall. “Senator Feinstein briefly went to…
US Supreme Court refuses Epic bid to let App Store order take effect in Apple case
By Andrew Chung (Reuters) -The U.S. Supreme Court on Wednesday dealt a setback to Epic Games, maker of the popular…
Utah rancher says Biden administration is ‘shoving’ new national monument ‘down our throats’
A Utah rancher is speaking out against the administration’s devastating climate change and conservation efforts as his family’s livelihood could…
Inflation in Argentina is running at 150%. Are there lessons for the U.S.?
U.S. core consumer inflation was running at a rate of 4.8% in June, trending down but still well above the…
China’s uneven recovery may deepen demand worries for U.S. luxury goods makers
By Deborah Mary Sophia and Ananya Mariam Rajesh (Reuters) - U.S. luxury companies including Michael Kors-owner Capri and Estee Lauder…
U.S. stocks struggle for direction as traders eye July inflation data
U.S. stocks struggled for direction Wednesday morning as traders absorbed news of deflation in China and looked ahead to the…