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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Yellen says World Bank needs ‘cultural change’ to better mobilize private capital
By Andrea Shalal BEN GUERIR, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday the World Bank had made…
TD Bank forecasts steady inflation, expects downturn in rents
TD Bank has forecasted a continuation of "soft" growth in core-price inflation for September, predicting a 0.3% month-on-month rise for…
Ten-year Treasury yield hits two-week low ahead of Fed minutes and inflation data
Bond yields fell again on Wednesday, hitting their lowest in September, amid continued expectation the Fed was finished raising interest…
IMF upgrades India’s GDP growth forecast amid global slowdown
The International Monetary Fund (IMF) has revised its growth forecast for India's Gross Domestic Product (GDP), raising it to 6.3%,…
Analysis-Metro rescue puts Britain’s banking underdogs under spotlight
By Iain Withers, Pablo Mayo Cerqueiro and Nelson Bocanegra LONDON/BOGOTA (Reuters) -When Vernon Hill launched Metro Bank in 2010, his…
S&P 500 futures stall ahead of inflation data and Fed minutes
The latest rally in U.S. stock futures stalled early Wednesday, as traders eyed a busy few days containing inflation updates…
Colombia’s Ecopetrol opens US trading unit in Houston
BOGOTA (Reuters) - Colombia's majority state-owned oil company Ecopetrol has opened a marketing and trading subsidiary in the United States…
Kashkari: ‘possible’ higher bond yields mean Fed can do less
By Ann Saphir (Reuters) -It's "possible" that the recent rise in yields on longer-term Treasuries means the Federal Reserve need…
Exclusive-IMF sees support for funding increase, wants deadline on shareholding changes
By David Lawder MARRAKECH, Morocco (Reuters) -The International Monetary Fund said on Tuesday that it is seeing "significant support" for…
India’s FY24 Growth Forecast Revised Upwards, World Bank and IMF Concur
In a recent update, the World Bank has projected robust investment-driven growth for India in the fiscal year 2024 (FY24),…
RBI to Enforce Stricter Norms on State-Owned NBFCS From October 2024
The Reserve Bank of India (RBI) announced on Tuesday its intent to further regulate state-owned non-banking finance companies (NBFCs) through…
IMF Urges RBI to Maintain Monetary Policy Amid Inflation Concerns
Krishna Srinivasan from the International Monetary Fund (IMF) has recently urged the Reserve Bank of India (RBI) to sustain its…
Two US House Republicans make their bid for the speaker’s gavel
By David Morgan WASHINGTON (Reuters) -Republicans who control the U.S. House of Representatives heard pitches on Tuesday from prominent party…
Labor group urges Biden to ease limits on hydrogen subsidies
By Valerie Volcovici WASHINGTON (Reuters) - The union representing U.S. carpenters has asked the Biden administration to ensure hydrogen projects…
Fed’s Kashkari Comments on Surprising Rise of 10-Year US Treasury Yield
Minneapolis Federal Reserve President, Neel Kashkari, addressed the recent surge in the (US10Y) to a 14-year high of 4.86% during…
Hong Kong’s affluent aim for HKD10 million by 62, HSBC survey reveals
Hong Kong's affluent citizens typically achieve millionaire status by the age of 33 and aspire to accumulate HKD10 million ($1.28…
Fed’s Waller backs monetary tightening, US economy shows resilience
Federal Reserve Governor Christopher Waller, speaking at George Mason University's Mercatus Center on Tuesday, reaffirmed the central bank's commitment to…
Biden to ask Congress for ‘urgent action’ to help Israel after ‘sheer evil’ Hamas attacks
President Joe Biden on Tuesday said he would ask Congress to take “urgent action” to aid Israel after what he…