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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Fed’s Powell faces ‘what, me worry?’ moment of spiking bond yields, war, political stalemate
By Howard Schneider WASHINGTON (Reuters) - Federal Reserve officials may not raise interest rates when they meet in two weeks…
House speaker election: Jim Jordan racks up endorsements before vote at noon Tuesday
Rep. Jim Jordan made progress Monday in his push to become the next speaker of the House of Representatives, winning…
UBS pushes out S&P 500 mid-2024 target forecast to year-end
(Reuters) - UBS said it now expects the to hit 4,700 points only by December 2024, instead of the middle…
Israeli lawmaker urges cbank to lower rates amid conflict
By Steven Scheer JERUSALEM (Reuters) - The head of Israel's parliamentary finance committee on Monday called on Bank of Israel…
Fed’s Goolsbee says declining inflation is a trend and not a ‘blip’
The recent slowdown in inflation is a trend and not a “one-month blip,” Chicago Fed President Austan Goolsbee said Monday.…
Fed’s Goolsbee says fall in US inflation is not just a blip- FT
(Reuters) - Chicago Fed president Austan Goolsbee said it is "undeniable" that the slowdown in U.S. inflation is a trend…
Bitcoin price briefly rallies 10% on false spot ETF report
The price of bitcoin on Monday rallied following a false report on social media that the Securities and Exchange Commission…
Liu Liange, ex-Bank of China chair, arrested in anti-corruption push
Liu Liange, the former chairman of the Bank of China and party committee secretary, was arrested on Monday by the…
Biden postpones Colorado trip to take part in national-security meetings
President Joe Biden has postponed a trip to Colorado planned for Monday and instead is remaining in Washington, D.C., to participate…
Nigeria’s September inflation rate at highest in two decades
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria's annual inflation rose in September to its highest level in about two decades at…
Guyana pledges economic sustainability at IMF and World Bank meetings
Guyana's Finance Minister, Dr. Ashni Singh, reiterated the country's commitment to economic sustainability at the International Monetary Fund (IMF) and…
New York Fed’s Empire State factory gauge slumps in October
The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, edged down…
Italy unveils tax-cutting 2024 budget amid debt worries
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy's government on Monday approved a budget for next year with measures…
Yellen says the U.S. can afford to support two wars simultaneously
Treasury Secretary Janet Yellen said the U.S. can afford supporting two countries — Israel and Ukraine — simultaneously. “America can…
Japan’s yen still perceived as safe-haven asset – MOF’s Kanda
By Tetsushi Kajimoto and Satoshi Sugiyama TOKYO (Reuters) - Japan's top financial diplomat said on Monday the yen was still…
Businessman Noboa wins Ecuador presidency, eclipsing father’s legacy
By Alexandra Valencia QUITO (Reuters) -Business scion Daniel Noboa will fulfill a long-held family ambition when he takes office as…
Polish assets bounce as investors welcome election victory for pro-EU parties
Poland’s stocks, bonds and currency jumped on Monday as investors bet that pro-European Union parties were on course to defeat…
Biden to push Israel, Ukraine aid package well over $2 billion this week
By Katharine Jackson and Steve Holland WASHINGTON (Reuters) -White House national security adviser Jake Sullivan said on Sunday that the…