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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Biden to roll out $7 billion for hydrogen hubs, which are key for meeting climate goals
The Biden administration this week is expected to announce which regional projects will receive around $7 billion total in federal…
Exclusive-Kenya plans $500 million Eurobond buyback with new loans – cenbank governor
By Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) - Kenya is planning to buy back up to a…
Krugman says the war on inflation is over. Not so fast, others say.
New York Times columnist and Nobel Prize-winning economist Paul Krugman declared the war on inflation over Thursday, but other economists…
BoE’s Dhingra says economy has ‘already flatlined’ – BBC
(Reuters) - Bank of England policymaker Swati Dhingra said the economy has already flatlined and about 20% or 25% of…
Fed’s Collins says rise in bond yields could reduce the need for further interest-rate hikes
The recent rise in long-term bond yields could obviate the need for further interest-rate hikes, Boston Federal Reserve Bank President…
IMF voting quotas revision to favor emerging economies proposed by France’s central bank chief
France's central bank chief, Francois Villeroy de Galhau called for a revision of the International Monetary Fund (IMF) voting quotas,…
YEIDA advances with MRO facility plan for Noida International Airport
The Yamuna Expressway Industrial Development Authority (YEIDA) is preparing to issue a global tender for a Maintenance, Repair and Overhaul…
Jobless claims stay below 210,000 for fourth straight week
The numbers: Initial jobless claims were flat at 209,000 in the week ended Oct. 12, the Labor Department said Thursday. …
Japan central banker sees no pressing need to alter yield control policy
By Tetsushi Kajimoto and Takahiko Wada TOKYO (Reuters) - There is no pressing need for the Bank of Japan to…
Ray Dalio thinks the U.S. is courting a debt crisis. Are regulators moving fast enough to avert it?
As much of the U.S. economy struggles with the burden of rising interest rates, many top investors are questioning the…
India pledges collaboration with IMF for EMDEs’ resource mobilization
Finance Minister Nirmala Sitharaman has committed to working with the International Monetary Fund (IMF) to help Emerging Market and Developing…
TransUnion to pay $23 million to settle complaints of inaccurate tenant reports
Federal regulators obtained a settlement that will require credit-reporting agency TransUnion to pay $23 million to settle charges that the…
Malaysia says TikTok fails to fully comply with local laws
KUALA LUMPUR (Reuters) -TikTok has not done enough to curb defamatory or misleading content in Malaysia, the communications minister said…
CPI report shows headline inflation for September was hotter than forecast on rising shelter costs
The numbers: U.S. consumer prices climbed 0.4% in September, the Labor Department said Thursday. While the pace is softer than…
IMF’s chief economist urges Italy to toughen budget plans -media
ROME (Reuters) - The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut…
Trump tells Florida audience Hezbollah is ‘very smart’ and suggests U.S. and Israel share blame for Hamas and Hezbollah attacks
Donald Trump on Wednesday called Hezbollah “very smart” hours after the Lebanese-based terror group fired missiles at Israeli troops —…
ECB official raises concerns over Italy’s bond-yield spread
Gabriel Makhlouf, a representative of the European Central Bank (ECB) and former senior official at the New Zealand and UK…
Biden to meet on U.S. economy with CEOs from IBM, Target, other companies
President Joe Biden on Thursday is slated to talk about the U.S. economy with chief executive officers from large U.S.…