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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Grayscale CEO: Bitcoin gains show a ‘flight to quality’ amid economic uncertainty
Grayscale CEO Michael Sonnenshein is riding high after a federal court rebuffed regulators’ attempts to block his company’s proposed bitcoin…
Fed’s Cook warns of global market risks due to geopolitical tensions
Federal Reserve Governor, Lisa Cook, addressed the potential negative impacts on global markets stemming from escalating geopolitical tensions at the…
Opinion: As Americans moved during the pandemic, they took their income with them. Here are the big winners and losers.
“States, cities and counties on the losing end of the migration have fewer tax dollars to spend.” The coronavirus pandemic…
Fed’s Cook says geopolitical tensions could change US economic outlook
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) -A rise in geopolitical tensions across the world could aggravate already subdued…
Jobless claims dip to 217,000 and point to sturdy U.S. labor market
The numbers: The number of Americans who applied for unemployment benefits last week fell slightly to 217,000 and stayed at…
AIIB approves $36m loan for Shokpar Wind Power Plant in Kazakhstan
The Asian Infrastructure Investment Bank (AIIB) has approved a $36 million loan for the Shokpar 100 MW Wind Power Plant,…
Brexit impacted UK’s economic openness, says Bank of England governor
Andrew Bailey, Governor of the Bank of England, addressed the Central Bank of Ireland conference on Wednesday, emphasizing the negative…
Goldman adds half-point to estimate on where Fed rates will settle
Goldman Sachs added a half point to its estimation on where Fed interest rates will settle once the central bank…
Central bank governors address economic issues, emphasize financial literacy in schools
In a recent Financial System Conference held at Dublin's Aviva (LON:) Stadium, Central Bank of Ireland Governor Gabriel Makhlouf and…
Chicago Fed’s Goolsbee warns on overshooting on rates
Chicago Fed President Austan Goolsbee told the Wall Street Journal that the central bank will have to make sure that…
China’s economy still in medium-speed growth stage – central bank advisor
BEIJING (Reuters) -China's economy is still in a stage of medium-speed growth of about 5%, and there may be the…
Eurozone inflation expectations rise while S&P 500 faces scrutiny
The European Central Bank (ECB) survey has revealed that Eurozone consumers' inflation expectations have risen to 4%, which could potentially…
DeSantis promises to ‘rein in’ the Fed to fight inflation, as Scott says he’d bring back Keystone XL pipeline
The participants in Wednesday night’s Republican presidential debate offered proposals for addressing inflation, with Florida Gov. Ron DeSantis taking aim…
Bank of England Governor dismisses early interest rate cuts amid inflation concerns
In a recent event held in Ireland, Andrew Bailey, the Governor of the Bank of England (BOE), dismissed market expectations…
Republican debate recap: Nikki Haley and Vivek Ramaswamy spar over heels and TikTok, Ron DeSantis blasts the Fed
The third Republican presidential debate saw the five remaining major GOP contenders, once again sans Donald Trump, taking the stage in…
HSBC report highlights entrepreneurial wealth trends and global expansion
In a recent survey conducted by HSBC, the "Global Entrepreneurial Wealth Report 2023," wealthy entrepreneurs with over $2 million in…
German economy to recover only slightly in 2024 – experts group
BERLIN (Reuters) -The German economy will contract in 2023 and recover only slightly next year, according to the annual report…
China’s consumer prices fall in October
China’s consumer prices fell in October, signaling weakness in domestic demand, according to official data. The consumer-price index fell 0.2%…