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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Bank of Canada Explores Digital Currency for Enhancing Financial Inclusion
The Bank of Canada has recently proposed the potential benefits of a Central Bank Digital Currency (CBDC) in a study…
US and EU Narrow Focus of Green Steel Trade Talks Amid Regulatory Differences
The United States and the European Union have been in negotiations for two years to foster environmentally friendly steel and…
Stock-market investors await CPI data for the next word on any Fed rate hike
Investors are turning their attention to September’s consumer price index report on Thursday for more clues about whether inflation is…
India Needs 8% Growth Rate to Match China’s Global GDP Contribution by 2028
In recent news, Barclays' senior economist, Rahul Bajoria, emphasized the need for India to achieve an 8% annual growth rate…
‘We know that Egypt had warned the Israelis three days prior,’ House Republican says of Hamas attack
“‘We’re not quite sure how we missed it. We’re not quite sure how Israel missed it.’” That’s U.S. Foreign Affairs…
Bulgaria and Azerbaijan See Revised Economic Forecasts From IMF
The International Monetary Fund (IMF) has made significant revisions to its GDP growth projections for both Bulgaria and Azerbaijan. The…
US Job Market Strengthens as Nonfarm Payrolls Surge in September
The US job market showed signs of robust growth in September, with nonfarm payrolls adding 336,000 jobs, exceeding the expectations.…
Steve Scalise nominated for speaker by House Republicans
House Republicans on Wednesday nominated Majority Leader Steve Scalise as their candidate for speaker, tapping a potent fundraiser and ally…
US bank profits set to rise on higher rates while Wall Street lags
By Tatiana Bautzer, Saeed Azhar and Niket Nishant NEW YORK (Reuters) -The biggest U.S. consumer lenders are set to post…
Fed minutes show officials wary about the outlook and wanting to move carefully
Minutes of the Federal Reserve’s September policy meeting show that officials were “highly uncertain” about the future path of the…
Exclusive-Chile central bank sees peso tumble to only have short-term impact on prices-Costa
By Jorgelina do Rosario and Alexander Villegas MARRAKECH/SANTIAGO (Reuters) - Chile's central bank expects that a recent peso depreciation will…
IMF predicts ‘soft landing’ scenario amidst global economic slowdown
The International Monetary Fund (IMF) has predicted a "soft landing" scenario for the global economy, despite ongoing challenges including the…
Tighter financial conditions are going to do some of the Fed’s work for it: Waller
The recent run-up in Treasury yields is doing some of the Federal Reserve’s job of slowing the economy down, said…
Fed will stay ‘on the job’ to reduce inflation, Waller says
(Reuters) - Federal Reserve Governor Christopher Waller on Tuesday reiterated the U.S. central bank's determination to bring inflation down to…
Fed shows dedication to controlling inflation, reflecting key transformation in central banking
The Federal Reserve (Fed) has recently emphasized its commitment to reducing inflation rates and ensuring price stability, which is its…
Adjustable-rate mortgage demand increases to highest level since November 2022 as high U.S. rates hammer home buyers
The numbers: Home buyers are turning to adjustable-rate mortgages, or ARMs, as persistently high rates hurt their ability to buy…
Brazil central bank chief says governments must address fiscal issues to avoid market disruption
(Reuters) - Brazil's central bank chief, Roberto Campos Neto, said on Tuesday that governments need to start addressing fiscal issues,…
U.S. producer price inflation comes in a little hotter in September, highest annual rate in five months
The numbers: The U.S. producer price index rose 0.5% in September, the Labor Department said Tuesday, down slightly from an…