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 banks’ big pause spurs bruised bond investors to double down
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Bond investors bruised by a record hiking cycle are increasing their positions,…
U.S. consumer credit rebounds in September
The numbers: Total consumer credit rose $9.1 billion in September, up from a $15.8 billion drop in the prior month,…
Italy’s government wants to cut restaurant bills for large families
By Giuseppe Fonte and Angelo Amante ROME (Reuters) -The Italian government plans talks with restaurant owners in order to control…
Global central banks mark a possible plateau
By Howard Schneider, William Schomberg and Francesco Canepa (Reuters) - The Bank of England's decision to hold its policy interest…
Fed’s Barkin says October data shows gradual cooling of job market
The October employment report showed a “gradual lessening” of the job market that would be welcome by those who want…
Exclusive-Swiss authorities, banks mull new rules to prevent bank runs -sources
By Stefania Spezzati, Oliver Hirt and Elisa Martinuzzi LONDON/ZURICH (Reuters) -Swiss authorities and lenders, including UBS, are discussing new measures…
Haley looks like top challenger to Trump ahead of latest GOP debate, with a Social Security plan that’s ‘differentiating’ her
As the third Republican presidential debate nears, Nikki Haley’s chances of becoming the party’s 2024 nominee have been improving, with betting…
Bank of England keeps rates at 15-year high, gilts rally
LONDON (Reuters) -The Bank of England held interest rates at a 15-year peak on Thursday, as it kept up its…
Fed’s Cook says debt not a big threat yet to U.S. economy
Households, businesses and banks are in pretty good financial health and don’t appear to pose a big threat to the…
Bank of England keeps rates at 15-year high, rules out quick cuts to help economy
By William Schomberg and Andy Bruce LONDON (Reuters) -The Bank of England held interest rates at a 15-year peak on…
U.S. economy slows in October, ISM services survey shows
The numbers: An ISM barometer of U.S. business conditions at service-oriented companies such as retailers and restaurants slowed in October to…
Ontario raises deficit forecast, plans infrastructure bank launch
By Fergal Smith TORONTO (Reuters) - Ontario on Thursday projected a wider budget deficit for the current fiscal year than…
Credit is getting tighter, and it’s only a matter of time before it chokes growth, economist says
The numbers: Banks continued to tighten standards for business loans in the third quarter, according to a survey of loan…
IMF review mission commends Pakistan for economic progress -finance ministry
(Reuters) - The International Monetary Fund's (IMF) review mission met with Pakistani authorities in Islamabad on Thursday and commended the…
Inflation could still derail stock-market rally built on Fed-is-done trade
U.S. inflation may be on a path in which it won’t budge much through next March, adding a new wrinkle…
FedEx pilots union picks new leader after rejecting tentative deal
(This Oct. 30 story has been corrected to specify that Billy Wilson is the new chair in the headline and…
Fed’s Bostic sees inflation falling back down to 2% target in the second half of next year
Atlanta Fed President Raphael Bostic said Friday that his own projection is that inflation could come down to the central…
Central Bank of Nigeria moves to clear $10 billion forex backlog
The Central Bank of Nigeria (CBN) has initiated measures to clear an estimated $10 billion in foreign exchange backlogs, affecting…