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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Job openings creep up to 9.6 million. Still lots of demand for labor.
Developing story. Check back for updates. The numbers: Job openings in the U.S. rose slightly in September to 9.6 million, indicating…
South Africa seeks tax boost as higher debt peak forecast
By Kopano Gumbi, Anait Miridzhanian and Wendell Roelf CAPE TOWN (Reuters) -South Africa's finance minister will propose tax changes next…
Unified Payment Interface transactions hit record high in October 2023
Unified Payment Interface (NASDAQ:) (UPI) transactions reached an all-time high in October 2023, with the total value soaring to a…
U.S. Treasury to auction $112 billion next week in refunding, up $9 billion from last quarter
The refunding: Treasury announced Wednesday it would sell $112 billion in notes and bonds next week. That’s up from $103…
US job openings remain elevated in September
WASHINGTON (Reuters) - U.S. job openings increased in September, pointing to persistent labor market tightness that is underpinning the economy…
ADP says 113,000 private-sector jobs created in October. U.S. labor market softening?
The numbers: Businesses in the U.S. created just 113,000 new jobs in October, payroll processor ADP said, in a potential…
He Lifeng: China’s economy tsar made director of key party commission
By Joe Cash BEIJING (Reuters) - China's economy tsar He Lifeng has been appointed director of a key ruling Communist…
Demand for adjustable-rate mortgages jump 10% as mortgage rates stay stubbornly high
Interest in adjustable-rate mortgages jumps 10% The numbers: Mortgage demand fell for the third week in a row, despite mortgage…
Norway to keep rates on hold this week, may hike in December: Reuters poll
OSLO (Reuters) - Norway's central bank is expected to keep its key policy interest rate on hold this week but…
Pakistan central bank keeps key rate unchanged at 22%
(Reuters) - Pakistan's central bank kept its key interest rate unchanged on Monday, as expected, and forecast inflation would ease…
Airlines increase seat capacity on Spain flights by 15% this winter -AENA
MADRID (Reuters) - Spanish airport operator Aena said on Monday that airlines have increased seat supply by 15% for flights…
Pacific Islands is world’s most aid-reliant region – report
SYDNEY (Reuters) - The Pacific Islands is the world's most aid-reliant region, with geopolitical competition for influence between donor nations…
Bank of England likely to maintain interest rate, while Bank of Canada’s inflation stance disputed
The Bank of England (BoE), under the leadership of Governor Andrew Bailey, is expected to maintain its interest rate at…
State Bank of Pakistan maintains 22% key interest rate amidst high inflation
The State Bank of Pakistan has held its key interest rate steady at 22%, in light of an upcoming review…
High inflation and slowdown signs: the BoE’s tough trade-off
By William Schomberg and Sumanta Sen LONDON (Reuters) - The Bank of England is expected to keep interest rates at…
Brazil’s Lula to appoint Picchetti, Teixeira to central bank board
BRASILIA (Reuters) -Brazil's Finance Minister Fernando Haddad on Monday said President Luiz Inacio Lula da Silva will nominate Paulo Picchetti…
Mortgage approvals plummet amid rising interest rates
In a third consecutive monthly decline, mortgage approvals reported by the Bank of England dipped significantly in September, hitting their…
Why a 7% 10-year Treasury yield is still possible
A Ned Davis strategist thinks it’s too early for investors to embrace the idea that benchmark U.S. borrowing costs have…