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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Korea Central Bank Holds Steady on Interest Rates Amidst Inflation Concerns
Rhee Chang-yong, Governor of the Bank of Korea (BOK), warned Monday about the need for a continued restrictive monetary policy…
Ten, no more? Five questions for the ECB
By Dhara Ranasinghe, Stefano Rebaudo and Naomi Rovnick LONDON (Reuters) - The European Central Bank has good reasons to hold…
India’s fiscal position remains solid, headline inflation to stay within target – ministry
NEW DELHI (Reuters) -India's fiscal position remains solid with steady revenue growth, and headline inflation is likely to remain within…
Ten-year U.S. Treasury yield hits 5%
LONDON (Reuters) - The yield on the benchmark 10-year U.S. Treasury note rose above 5.0% on Monday, hitting the July…
Japan’s Kishida vows measures to cushion blow from rising inflation
By Leika Kihara TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida pledged on Monday to compensate households for the rising…
Mood swing: Global producers in US hunt for China alternatives
By Timothy Aeppel (Reuters) - Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in…
Bank of Canada to leave rates on hold as economy stalls, analysts say
By Steve Scherer OTTAWA (Reuters) - The Bank of Canada (BoC) will leave interest rates on hold on Wednesday as…
German economy likely shrunk in Q3 – Bundesbank
FRANKFURT (Reuters) - Germany's economy likely contracted in the third quarter, the Bundesbank said in a monthly report on Monday,…
Almost half of Russians say salary does not cover basic spending -survey
MOSCOW (Reuters) - The number of Russians who say their salary does not cover basic spending has jumped by 20…
BoC likely done raising rates, to cut by mid-2024 say economists
By Milounee Purohit BENGALURU (Reuters) - The Bank of Canada is probably done raising interest rates and will hold them…
House speaker election: Crypto advocate Tom Emmer seen as having the best chance of getting the job
As House Republicans keep fighting over who to elect as speaker, GOP Rep. Tom Emmer of Minnesota is currently viewed…
Leveraged funds’ record short Treasuries bets surge again: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Leveraged funds trading U.S. Treasuries futures have increased their record net short position across…
JP Morgan Economists See Less Impact From Student Loan Repayments Resumption
The resumption of student loan repayments in October, following a period of forbearance, has had a less severe economic impact…
Indonesia plans measures to keep inflation low, protect purchasing power
JAKARTA (Reuters) - Indonesia is preparing policy packages aimed at keeping inflation low, protecting people's purchasing power and supporting economic…
Bank of Israel holds rates at 4.75% in first rate decision since Hamas attack
The Bank of Israel opted to hold interest rates at 4.75%, two weeks after the surprise attack by Hamas. The…
Explainer-Argentina presidential election: Key takeaways from first-round vote
By Maximilian Heath BUENOS AIRES (Reuters) - Argentina voted in a general election on Sunday, with Peronist Economy Minister Sergio…
China set to approve $137 billion in extra sovereign debt on Tuesday -sources
(Reuters) - China is set to approve slightly more than 1 trillion yuan ($137 billion) in additional sovereign debt issuance…
It’s looking like student-loan repayments won’t be such a big drag on the U.S. economy after all
It turns out that the much-feared resumption of student loan repayments isn’t exerting as negative an influence on the economy…