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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U.S. import prices up 0.1% in September, much weaker than forecast
The numbers: The U.S. import price index rose 0.1% in September, the Labor Department said Friday. This is the third…
Money now, shares later: more IMF countries voice support for pragmatic IMF funding boost
By David Lawder MARRAKECH, Morocco (Reuters) - Support increased on Wednesday for the U.S.-backed call to boost the International Monetary…
Fed officials adopted more cautious stance in September as economic uncertainty grew
By Howard Schneider WASHINGTON (Reuters) -A growing sense of uncertainty around the path of the U.S. economy, with volatile data…
ECB official signals patience on inflation, eyes 2024 data
European Central Bank (ECB) Governing Council member Boris Vujcic, speaking in Marrakech, Morocco, cautioned that it might be premature to…
Morgan Stanley sees greater chance for Brazilian IPOs next year
By Paula Arend Laier SAO PAULO (Reuters) - While Brazilian investors have endured two straight years without any local companies…
Fed’s Collins says central bank may have to hike again if data calls for it
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Wednesday while the…
Paul Tudor Jones Anticipates Recession, Endorses Bitcoin and Gold Amidst Risky Geopolitical Landscape
In the face of a deteriorating U.S. fiscal landscape and escalating geopolitical tensions, billionaire hedge fund manager Paul Tudor Jones…
China’s consumer prices remain flat in September, below expectations
China’s headline inflation was flat in September, weighed by a steep drop in pork and vegetable prices as well as…
Brazil’s Inflation Accelerates on Rising Fuel Costs, Slower Food Price Decrease
Brazil's inflation rate accelerated in September due to a hike in gasoline prices and a slower decline in food costs.…
U.S. may tighten restrictions on sales of AI chips to China: report
The Biden administration may close a loophole to deny Chinese companies from buying American-made AI chips through overseas subsidiaries, according…
Fed QT mix may be capping, not spurring, long yields: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The recent surge in long-dated U.S. bond yields to their highest since 2007 has…
Most Japanese firms expect China’s economic slowdown to persist into 2025 – Reuters poll
By Tim Kelly TOKYO (Reuters) - Most Japanese companies expect a slowdown in China's economy to persist into 2025, with…
30-year mortgage rates rise to 7.57%, the fifth straight week of increases
Mortgage rates rose for the fifth week in a row amid concerns over whether the U.S. Federal Reserve will hike…
Mexico pitches tax breaks to lure foreign investment, infrastructure doubts persist
By Valentine Hilaire MEXICO CITY (Reuters) - Mexico on Wednesday issued a decree to grant tax breaks for companies that…
Subprime car-loan rates are hitting 17%-22%. Should investors be worried?
Many borrowers with subprime credit have been paying 17% to 22% rates on new auto loans this year as the…
Fed’s Collins says economy has yet to feel full impact of Fed rate hike cycle
NEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins on Wednesday said central bank rate rises are…
Iran’s $6 billion won’t be released under U.S.-Qatar deal
Iran won’t be able to access a $6 billion account for humanitarian aid under an agreement between the U.S. and…
Goldman Sachs sues Malaysia over 1MDB settlement
(Reuters) - Goldman Sachs Group (NYSE:) sued Malaysia in a UK court on Wednesday, as tensions escalate over a settlement…