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…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Argentina pays off $2.6 billion IMF debt using Chinese currency swap line
The Argentine government, led by Sergio Massa, managed to avert a financial crisis by settling significant maturities worth $2.6 billion…
‘We need to get it right,’ Yellen says of U.S.-China ties as Biden prepares to meet Xi
Treasury Secretary Janet Yellen on Thursday called the relationship between the U.S. and China among “the most consequential in the…
Exclusive-UK rips up state guarantees on nearly 1 billion pounds of COVID loans
By Sinead Cruise and Iain Withers LONDON (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds…
England and Wales insolvencies hold near 14-year high
LONDON (Reuters) - The number of companies in England and Wales declared insolvent during the three months to the end…
U.S. productivity jumps in third-quarter at fastest rate in three years
The numbers: The productivity of American workers rose at a 4.7% annual clip in the third quarter, the government said…
Weak yen, inflation overshoot may prod BOJ to phase out stimulus by year-end: ex-BOJ official
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) - The Bank of Japan may prefer to go slow in ending…
Jobless claims climb to 7-week high. Layoffs are still low, but the labor market might be cooling.
The numbers: The number of Americans who applied for unemployment benefits last week rose by 5,000 to a seven-week high…
Naira scarcity escalates in Nigeria amid impending old banknote deadline
In the wake of the Central Bank of Nigeria's (CBN) deadline for the use of old N200, N500, and N1000…
U.S. factory orders post sharpest rise in September since early 2021
Orders for manufactured goods rose 2.8% in September, the Commerce Department said Thursday. That’s the biggest gain since January 2021. Economists…
Fed buzz: words to watch for as the Fed sets rates
(Reuters) -Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their…
New US House speaker faces early test on Israel, government funding
By David Morgan WASHINGTON (Reuters) -Republican Mike Johnson, the untried speaker of the U.S. House of Representatives, vowed on Wednesday…
Opinion: The world needs Biden and Xi to lead, even with U.S.-China relations on the edge
All eyes are on the upcoming leaders’ meeting of the Asia-Pacific Economic Cooperation (APEC), to be held in San Francisco Nov.…
Biden administration announces $5bn investment in rural America
The White House announced over $5 billion in funding for agriculture, broadband, and clean energy in rural regions as part…
Bank of England holds rates in 6-to-3 vote
By a 6-to-3 vote, the Bank of England voted again to keep interest rates unchanged at 5.25%. Analysts had forecast…
Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve held interest rates steady on Wednesday as policymakers…
Republican US senator presses Fed officials on bond-buying policies
By Michael S. Derby (Reuters) - U.S. Senator Rick Scott, a fierce critic of the Federal Reserve's bond-buying program, has…
Explainer-What’s at stake as Alberta seeks to split from Canada Pension Plan
By Maiya Keidan TORONTO (Reuters) - Canadian Finance Minister Chrystia Freeland will seek to challenge Alberta Premier Danielle Smith's plan…
Fed decision looms, futures slip, AMD reports – what’s moving markets
Investing.com -- Attention is fixed on the Federal Reserve's interest rate announcement on Wednesday, with investors expecting the central bank to…