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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Fed’s stringent policy to delay rate cuts till 2025, strengthening dollar
The Federal Reserve's strict monetary policy aimed at battling persistent inflation is projected to postpone rate cuts till 2025, thereby…
DeSantis blasts Trump for not having Mexico pay for border wall, while Haley says 45th president ‘put us $8 trillion in debt’
The top Republican challengers to Donald Trump went after him at their debate Wednesday night in Miami, while the former…
Sberbank CEO expects ‘serious cooling’ in Russian mortgage market
By Elena Fabrichnaya MOSCOW (Reuters) - Russia's biggest bank Sberbank expects a sharp cooling of the mortgage market following an…
Nikki Haley stomps on Vivek Ramaswamy’s ‘3-inch heels’ comment during Republican debate
Oh heel no. Republican presidential hopeful and entrepreneur Vivek Ramaswamy took an early swing — or, maybe a kick would…
Exclusive-Suriname hopes to strike debt deal with China by mid-December – minister
By Joe Cash BEIJING (Reuters) - Suriname hopes to strike a deal with China by mid-December over rescheduling interest payments…
‘We’ve become a party of losers’: Vivek Ramaswamy blasts GOP ‘establishment’ in Miami debate
Republican presidential hopeful Vivek Ramaswamy slammed what he called the GOP “establishment” on Wednesday night, blaming it for Democrats’ wins…
Caesars averts strike in deal with Las Vegas unions
By Doyinsola Oladipo and Ananta Agarwal NEW YORK (Reuters) -Unions representing hospitality workers in Las Vegas said they reached a…
Explainer-How tycoon and Chrysler Building owner Benko lost grip of his empire
By Matthias Inverardi, Alexandra Schwarz-Goerlich and Tom Sims VIENNA/DUESSELDORF/FRANKFURT (Reuters) - Rene Benko, one of Europe's most prominent property tycoons,…
Market-based inflation expectations jump, adding to list of upside risks
A market-based measure of future inflation expectations is back near the top of its 10-year range, raising the possibility of…
Signa founder Benko hands reins of property empire to Geiwitz
VIENNA/FRANKFURT (Reuters) - Signa Group founder and prominent European property tycoon Rene Benko is handing over chairmanship of the real…
Goldman’s chief economist downplays recession fears from past Fed rate hikes
Economists worried about a recession next year often cite the lagged effect of the Federal Reserve’s 11 increases in interest…
China’s economic outlook differs from Japan’s past stagnation, says adviser
Liu Shijin, an adviser to the People’s Bank of China, dismissed comparisons between China's current economic scenario and Japan's stagnation…
Fed Chair Powell emphasizes agility in economic forecasting
Federal Reserve Chair Jerome Powell, while speaking at the centennial celebration of the Fed board’s Division of Research and Statistics…
Businesses take stock of the U.S. economy and see reason to be cautious
The level of inventories, or unsold goods, that U.S. wholesalers are keeping on hand fell in September to a 13-month…
Investors spurn options hedges as U.S. stock rally crushes fear
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Fear has plunged in the U.S. equity market following last week's explosive…
Election takeaways: Biden ‘didn’t stop Democrats from winning,’ while Youngkin was hit with ‘a stunning repudiation’
As analysts assess the results of Tuesday’s off-year elections in some states, they’re concluding that the outcomes were disappointing for…
Italy’s Treasury distances itself from proposal on bad loan market
By Giuseppe Fonte ROME (Reuters) - Italy's Treasury has no plans to adopt measures impacting the country's 307 billion euro…
Cleveland Fed’s Mester to retire next June
Loretta Mester will step down as the president of the Cleveland Federal Reserve in June 2024, the regional Fed bank…