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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PNC Financial reports drop in profit, begins job cuts
By Jaiveer Shekhawat (Reuters) -PNC Financial Services Group said on Friday it is cutting about 4% of its workforce and…
Analysis-IMF warning on China puts ‘Japanization’ risk in spotlight
By Leika Kihara MARRAKECH, Morocco (Reuters) - Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied…
ECB hints at potential rate hikes in upcoming policy decision
The European Central Bank (ECB) could potentially increase rates in the upcoming policy decision on October 26, according to Klaas…
JP Morgan president warns of economic risks amid high inflation and rising interest rates
Daniel Pinto, the president of JP Morgan Chase (NYSE:) & Co., expressed concerns about the vulnerability of the robust U.S.…
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
By Manya Saini and Tatiana Bautzer NEW YORK (Reuters) -Citigroup's third-quarter profit beat estimates on Friday as it benefited from…
Bank of Canada anticipates further rate hikes amid inflation and geopolitical concerns
Tiff Macklem, Governor of the Bank of Canada, addressed potential future interest rate hikes amidst geopolitical instability and persistent inflation…
US Senate majority leader Schumer to visit Israel -spokesperson
WASHINGTON (Reuters) - Senate Majority Leader Chuck Schumer and a bipartisan group of U.S. lawmakers will travel to Israel this…
Yellen says believes US housing inflation will still ease over time
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she…
Japan tells G20 it may need to act in FX market
By Leika Kihara MARRAKECH, Morocco (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday he told his G20 counterparts…
Dollar up after inflation data boost
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar touched a one-week high against a basket of currencies on…
Kaiser Permanente, union coalition reach tentative deal after strike
By Leroy Leo and Manas Mishra (Reuters) -A union coalition for Kaiser Permanente healthcare workers reached a tentative labor deal…
CIBC predicts US economic growth revision and additional Fed rate hike
Canadian Imperial Bank of Commerce (CIBC) has predicted an upward revision in US economic growth and an additional Federal Reserve…
Illumina to divest Grail within a year if it does not win challenge in EU court
(Reuters) -Illumina said on Friday it would divest cancer test maker Grail in 12 months, according to the terms of…
Yellen says Hamas attack on Israel met with ‘universal condemnation’ at global meetings
By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen on Friday told Reuters she heard…
S&P 500, Nasdaq fall with data, geopolitics offsets strong results
By Sinéad Carew, Shashwat Chauhan and Ankika Biswas (Reuters) - The and the Nasdaq closed lower on Friday as deteriorating…
Yellen says US-backed IMF funding increase is ‘pretty likely’
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that her…
Biden talks up historic spending on hydrogen hubs, which will be spread over 16 states
President Joe Biden on Friday touted the selection of seven regional projects that will receive a total of around $7…
Chinese embassy criticizes Costa Rica for 5G company restrictions
SAN JOSE (Reuters) - Costa Rican officials are undermining economic ties with China after authorities from the Central American country…