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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China can raise 2024 budget deficit ratio to spur growth – central bank adviser
BEIJING (Reuters) - China can raise its budget deficit ratio next year to support the economic recovery because there is…
U.S. consumer sentiment sags to 6-month low on worries over higher interest rates and Mideast war
The numbers: Consumer sentiment fell in November for the fourth month in a row due to worries about higher interest…
Meta strikes deal with Tencent to sell VR headset in China – WSJ
(Reuters) - Meta Platforms (NASDAQ:) struck a deal with Tencent Holdings (OTC:) to sell a new, low-cost virtual-reality (VR) headset…
Marketmind: ‘Not confident’ Powell drags markets lower
A look at the day ahead in European and global markets from Ankur Banerjee A sea of red awaits Europe…
Jobs market in the U.S. may have caught a chill. Is it going to get worse?
A brawny U.S. jobs market might finally be showing a hint of flab. One sign was the October employment report…
Thai PM sticks by signature stimulus plan amid calls for scale-down
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand's prime minister stuck largely to his government's signature stimulus policy on…
UK Chancellor faces £10 billion deficit due to Bank of England’s bond sales
Today, UK Chancellor Jeremy Hunt is grappling with a £10 billion ($12.3 billion) deficit for public services or tax cuts…
Nigeria’s growth impacted by China’s economic slowdown
On Thursday, the International Monetary Fund's (IMF) Regional Economic Outlook indicated a potential impact on Nigeria's economy due to China's…
DeSantis proposes Federal Reserve regulation and leadership change
In the third Republican debate held on Wednesday, candidate and Florida Governor Ron DeSantis underscored the need for a shift in…
Reserve Bank of Australia warns of further rate hikes amid inflation concerns
Today, the Reserve Bank of Australia released its quarterly economic outlook, which warned of more interest rate hikes due to…
Analysis-Some investors see Powell’s hawkish lean as response to looser financial conditions
By Davide Barbuscia and David Randall (Reuters) - A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent…
Column-Central banks need a word with budget masters: Mike Dolan
By Mike Dolan LONDON (Reuters) - If a re-emerging risk premium in bonds is down to government debt sustainability worries,…
RBA warns inflation more persistent, revises its forecasts higher
SYDNEY — The Reserve Bank of Australia sharply revised up its forecasts for core inflation in the near term and…
Middle East conflict: Have markets really moved on from fear?
By Naomi Rovnick and Marc Jones LONDON (Reuters) - After Hamas' incursion into Israel on Oct. 7 jolted world markets,…
Sen. Joe Manchin says he won’t seek re-election
Sen. Joe Manchin, a West Virginia Democrat, said Thursday that he won’t seek re-election, announcing his decision in a video…
Eurozone faces potential recession as Q3 GDP contracts
The Eurozone economy is facing a potential recession, with a contraction of 0.1% in its Q3 GDP on a sequential…
Peter Thiel pledges to give no money to Republican politicians in 2024
Billionaire venture capital investor Peter Thiel promised to not give any money to Republican candidates for office in 2024 election,…
Islamabad finance ministry to remain open for IMF talks despite public holiday
In a move to facilitate crucial discussions with the International Monetary Fund (IMF), Islamabad's Finance Ministry will stay open on…