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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Central bank warns Canadians to plan for a period where rates may be higher
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Thursday said the era of super-low interest…
News Corp beats Street estimates, touts generative AI efforts
By Chavi Mehta (Reuters) -Media conglomerate News Corp (NASDAQ:) beat Wall Street targets for first-quarter revenue and profit on Thursday…
Generative AI still mostly experimental, say executives
By Katie Paul NEW YORK (Reuters) - One year after the debut of ChatGPT created a global sensation, leaders of…
Treasury’s Adeyemo says ‘far better’ to see Russia buying tankers than tanks
By Andrea Shalal NEW YORK (Reuters) - U.S. Deputy Secretary Wally Adeyemo on Thursday said the Group of Seven-led coalition…
Peru cuts interest rate again as prices ease but recession lingers
By Marco Aquino LIMA (Reuters) - Peru's central bank again lowered its benchmark interest rate by 25 basis points to…
Yellen seeks ‘substantive’ talks with Chinese vice premier ahead of APEC summit
By David Lawder SAN FRANCISCO (Reuters) -U.S. Treasury Secretary Janet Yellen began two days of meetings with Chinese Vice Premier…
Australia central bank sees risk of upside surprises to inflation in policy outlook
SYDNEY (Reuters) - Australia's central bank on Friday warned there were risks of further upside surprises to inflation following its…
Climate activists briefly disrupt Fed chair’s speech
(Reuters) -Climate activists on Thursday took over a stage inside the secured headquarters of the International Monetary Fund where Federal…
Dollar dips against euro, gains on yen as Fed policy stays in focus
By Karen Brettell NEW YORK (Reuters) - The dollar dipped against the euro on Friday but gained against the yen…
30-year Treasury yield ends lower for third straight week as U.S. bond market stabilizes
Treasury yields finished mixed on Friday, with the 30-year rate down for the third straight week, as the market recovered…
Japan to top up fiscal loans, investments to boost supply chain -draft
By Takaya Yamaguchi TOKYO (Reuters) -Japan's government is set to increase its fiscal loan and investment programme in a planned…
Fed’s Daly says she’s not sure interest rates are high enough to finish the job on inflation
San Francisco Federal Reserve President Mary Daly said Friday she wasn’t sure the central bank has raised interest rates high…
International travel demand falls after onset of Israel-Hamas conflict, data shows
By Doyinsola Oladipo NEW YORK (Reuters) - International flight bookings around the world have fallen since the onset of the…
Stocks, yields fall as Fed’s Powell quells rate peak bets
By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -Global equities slid and Treasury yields fell on Friday after Federal…
The hottest inflation is in Florida. The coolest? Minnesota. See how your state stacks up.
The price of buying a ticket to see soccer megastar Lionel Messi play is not the only thing going up…
Fed Warns of Potential Bank Losses Amid Real Estate Strains, Elevated Interest Rates
The Federal Reserve has issued a stern warning about potential losses at banks due to pressures in the commercial real…
House GOP to reveal stopgap funding measure Saturday, with a week to go until possible U.S. government shutdown
A divided Congress is again struggling to avoid a partial government shutdown, and closures will hit in a week if…
China’s GDP growth expected to exceed 5% target, fiscal deficit ratio may rise
Today, an adviser to the People's Bank of China (PBOC) projected that China's Gross Domestic Product (GDP) growth is expected…