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
Pakistan records decrease in inflation amidst stringent IMF loan conditions
The economic recovery of Pakistan, under the guidance of Caretaker Prime Minister Anwaar ul Haq Kakar, is showing signs of…
US Fed likely to maintain interest rates amidst robust economic growth
In the face of a robust US economic outlook, the upcoming Federal Open Market Committee (FOMC) meeting is expected to…
Global fund managers sharpen bank scrutiny following crisis -survey
By Laura Matthews and Chiara Elisei NEW YORK/LONDON (Reuters) - Global fund managers are exploring ways to spread their counterparty…
US to launch its own AI safety institute
By Paul Sandle and David Shepardson BLETCHLEY PARK, England/WASHINGTON (Reuters) -The United States will launch a AI safety institute to…
Israeli airstrikes escalate as global markets await Federal Reserve decision
Global markets are on edge as investors closely monitor the escalating Israeli airstrikes in Gaza, which have resulted in significant…
Fed’s monetary policy shift may halt rate hikes
The Federal Reserve (Fed), led by Chair Jerome Powell, is expected to keep its key short-term interest rate unchanged for…
Swiss National Bank Chairman defends handling of Credit Suisse crisis
By John Revill BERN (Reuters) - Swiss National Bank (SNB) Chairman Thomas Jordan on Wednesday defended the central bank's handling…
ECB reviews interest on government deposits to curb losses -sources
By Francesco Canepa FRANKFURT (Reuters) - European Central Bank policymakers are reviewing the interest the bank pays on government cash…
Powell adds fuel to the talk that the Fed is done hiking rates
One of the main takeaways from Fed Chairman Jerome Powell’s press conference and the central bank’s policy statement Wednesday is…
Analysis-Canada’s Trudeau should ‘trim the sails’ on spending, economists say
By Fergal Smith, Steve Scherer OTTAWA (Reuters) -As Canada grapples with a possible recession and its highest debt costs in…
Treasury’s $776 Billion Q4 Borrowing Strategy Amid Rising Interest Rates
Wall Street is closely monitoring the Treasury Department's forthcoming routine quarterly "refunding" announcement, as interest rates continue to rise rapidly.…
Bank Of Japan Maintains Yield-Curve-Control Policy, Sets Reference Point at 1%
In a recent move, Kazuo Ueda, the governor of the Bank of Japan, has reiterated the continuation of their yield-curve-control…
Column-Japan calls time on G10 ‘central bank put’: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - In scrapping its hard yield ceiling of 1%, the Bank of Japan has…
Fed keeps freeze on interest rates in place as it fine-tunes fight vs. inflation
The Federal Reserve on Wednesday held interest rates steady and left the door slightly ajar for another hike down the…
Reserve Bank of Australia Faces Pressure to Raise Interest Rates
The International Monetary Fund (IMF) and market economists are urging the Reserve Bank of Australia (RBA) to increase interest rates…
US Treasury yields fall on slower pace of auction increases for long-dated debt
By Karen Brettell (Reuters) - The U.S. Treasury Department on Wednesday said it will slow the pace of increases in…
ISM factory index drops to lowest level since July
The numbers: A closely-watched index that measures U.S. manufacturing activity fell 2.3 points to 46.7 in October, according to the…
U.S. Labor Market Shows Robust Wage Growth Despite Economic Challenges
The U.S. labor market continues to show strong performance, with significant wage increases for workers, despite the Federal Reserve's tightening…