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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Consumer sentiment jumps to highest level since July 2021
The numbers: Consumer sentiment jumped in January to the highest level since the summer of 2021, reflecting fresh optimism about…
Thailand, Sri Lanka sign free trade agreement
By Uditha Jayasinghe COLOMBO (Reuters) -Thailand and Sri Lanka signed a Free Trade Agreement on Saturday, a move Sri Lanka…
Layoffs and unemployment rate stay low even as jobs market shows cracks
When interest rates rise rapidly, the U.S. has usually experienced rising layoffs and unemployment if not outright recession. Not this…
Is a policy mistake buried in the Fedâs plan to cut rates?
By Yasin Ebrahim Investing.com -- The Federal Reserve took a March rate cut off the table, and welcomed strong economic…
Traders give up on a March rate cut by Fed as bond-market inflation expectations move higher
Traders are starting to throw in the towel on hopes that the Federal Reserve will cut interest rates in March,…
Italy to invest in Enel plant to boost solar panel production, PM says
ROME (Reuters) - Italy will invest in Enel (BIT:)'s photovoltaic panel factory in Sicily, supporting its plan to boost production…
The Fed’s favorite price gauge and GDP to give the latest reads on inflation and the economy
Inflation is slowing and the U.S. economy is still growing. What more could the Federal Reserve want? More of the…
Social Security’s cost-of-living adjustment for 2025 could be the lowest in five years
The cost-of-living adjustment for 2025’s Social Security recipients could be as low as 1.4%, down from 3.2% this year —…
Philippines extends tariff cuts on imported rice, other food items to fight inflation
MANILA (Reuters) - Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food…
Leading indicators fall again, but U.S. appears no closer to recession
The numbers: The leading indicators of the U.S. economy fell in December for the 21st month in a row, but a…
Ethiopia becomes Africa’s latest sovereign default
LONDON (Reuters) - Ethiopia became Africa's third default in as many years on Tuesday after it failed to make a…
Former bond king Bill Gross is skeptical about Fed finding ‘magic’ level of interest rates to fight inflation
Bill Gross, retired co-founder of bond giant Pimco, told Bloomberg Television that he has lost faith in the Federal Reserve’s…
India’s current account gap narrows, BoP in surplus in Q2 FY24 – cenbank
By Swati Bhat MUMBAI (Reuters) -India's current account deficit narrowed more than expected in the July-September quarter largely due to…
30-year Treasury yield hits seven-week high ahead of U.S. GDP, inflation data this week
Two- through 30-year Treasury yields finished mostly higher on Tuesday, despite a lack of major market-moving data.What happened The yield…
US holiday retail sales grow 3.1%, down from prior year -Mastercard
(Reuters) -U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid…
Inspector general clears two former regional Fed presidents in probe of pandemic trades
Two former Federal Reserve officials were cleared Monday by the central bank’s internal watchdog of breaking any laws or rules…
Brazil to launch program to boost industrial machinery renewal – minister
BRASILIA (Reuters) - Brazil will launch a program this week to encourage companies to update their machinery and acquire more…
Opinion: The Fed should resist the temptation to lower interest rates too soon
The U.S. inflation news has been better lately, but the Federal Reserve should resist the temptation to lower interest rates…