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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China’s big policy moves draw cautious investors back to beat-down stock market
By Samuel Shen and Ankur Banerjee SHANGHAI/SINGAPORE (Reuters) -Investors are making a tentative return to China's beaten-down stock markets as…
Biden wants an extra $162 billion from Congress. Here’s how it could go with new House Speaker Johnson.
New House Speaker Mike Johnson faces a Nov. 17 deadline for passing a funding bill to avert a partial U.S.…
Donald Trump fined $10,000 for second gag order violation in civil fraud case
By Jack Queen and Luc Cohen NEW YORK (Reuters) - Donald Trump was fined $10,000 on Wednesday after the New…
Yellen says she doesn’t see signs of recession after GDP report
Recession? Not in the U.S., says Treasury Secretary Janet Yellen. “You don’t really see any sign of recession here,” Yellen…
Australia central bank chief weighs whether high Q3 inflation warrants rate rise
By Stella Qiu SYDNEY (Reuters) -The head of Australia's central bank on Thursday said the strong third-quarter inflation report was…
Inflation is still slowing, but slowly
The rate of U.S. inflation is slowing, but it’s not going to slow as quickly as earlier in the year.…
Japan policymakers jawbone markets as yen falls beyond key threshold
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese policymakers maintained their warning to investors against selling the yen on…
Despite divisions, EU leaders to urge pauses in Gaza bombing to get aid in
By Andrew Gray and Tassilo Hummel BRUSSELS (Reuters) -EU leaders were poised on Thursday to call for pauses in Israeli…
Lagarde uses ‘weak’ nine times as ECB pauses for first time since summer of 2022
The European Central Bank on Thursday paused on interest rates, after data showing inflation slowing down as worries about the…
Top cycling teams explore creating new league -sources
By Amy-Jo Crowley, Anousha Sakoui and Julien Pretot LONDON (Reuters) -A number of major European cycling teams have been exploring…
Durable-goods orders surge due to Boeing plane contracts
The numbers: Orders for durable or long-lasting goods jumped 4.7% in September, largely because of a flush of new contracts for…
Brazil’s lower house approves bill taxing offshore, closed-end funds
BRASILIA (Reuters) -Brazil's lower house approved on Wednesday a government bill that seeks to increase public revenue by eliminating tax…
U.S. jobless claims rise slightly, remain in ultra-low territory
The numbers: Initial jobless claims rose by 10,000 to 210,000 in the week ended Oct. 21, the Labor Department said…
Australian interest rate hike likely in Nov, say Westpac economists
SYDNEY (Reuters) - Economists at Westpac now expect Australian interest rates to rise further in November, the latest bank to…
GDP jumps 4.9% as the U.S. economy speeds up
Developing story. Check back for updates. The numbers: The U.S. economy galloped at a 4.9% annual pace in the third…
Australia’s Coles Q1 sales rise on at-home consumption, but misses estimate
By Sameer Manekar (Reuters) -Australia's Coles Group (OTC:) posted a marginal rise in its first-quarter sales on Thursday, boosted by…
Yen on intervention watch after drop to one-year low, dollar strong
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) - The dollar was buoyant on Thursday, hovering at a near three-week…
U.S. 10 year yield back near 5% puts more pressure on stocks
By Xie Yu and Alun John HONG KONG/LONDON (Reuters) - U.S Treasury yields were heading back towards 5% on Thursday,…