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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IMF revises India’s economic growth forecast to 6.3%, outperforming China
India's economic growth forecast for 2023 and 2024 has been revised upwards by the International Monetary Fund (IMF) from 6.1%…
Fed’s Kashkari says recent run-up in longer-term bond yields is ‘a little bit perplexing’
The recent runup in U.S. long-term bond yields is puzzling, said Minneapolis Federal Reserve President Neel Kashkari on Tuesday. “The…
China’s Sept new yuan loans seen jumping on policy boost- Reuters poll
BEIJING (Reuters) - China's new yuan lending is expected to jump in September after a surprising surge in August, a…
SEC tightens rules on activist investors amid Musk-Twitter investigation
The Securities and Exchange Commission voted Tuesday to adopt new rules that will require activist investors to disclose more quickly…
Futures slip amid Middle East violence, oil surges – what’s moving markets
Investing.com -- U.S. stock futures slump after fresh violence over the weekend between Israel and Hamas. The conflict's geopolitical ramifications spark…
China extends Taiwan trade probe, Taipei cries election interference
BEIJING/TAIPEI (Reuters) - China on Monday extended an investigation into what it calls Taiwan's trade barriers against it by three…
U.S. wholesale inventories drop for sixth straight month in August
Wholesale inventories in the U.S. fell 0.1% in August, the Commerce Department said Tuesday. This is the sixth straight monthly…
World Bank’s Banga faces pressure on resources, shareholder schisms
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) - World Bank President Ajay Banga will come under pressure this…
Biden musters France’s Macron, U.K.’s Sunak and other European leaders in joint statement of support for Israel — read full text
President Joe Biden on Monday convened a call with the leaders of France, Germany, Italy and the United Kingdom —…
US wealth, income concentration resume upward climb in post-pandemic era
By Howard Schneider WASHINGTON (Reuters) - The richest Americans are emerging from the coronavirus pandemic with their share of wealth…
ECB Vice-President signals potential inflation downturn amid geopolitical tensions
The European Central Bank (ECB) Vice-President, Luis de Guindos, issued a warning on Monday about the significant uncertainties in the…
Opinion: Biden gets no credit for the improved U.S. economy — but that won’t cost him votes
The U.S. economy and voter polls have been delivering both good and bad news to Joe Biden, but Republicans have…
IMF, World Bank annual summit addresses global economic resilience in disaster-stricken Morocco
The annual meeting of the International Monetary Fund (IMF) and the World Bank, taking place in Marrakech, Morocco on Monday,…
Nobel Prize–winning economist Claudia Goldin’s forgotten discovery
In a notable departure from its usual practice, the Nobel committee in Sweden has this year awarded the economics prize…
World Bank and MDBs under lens: CGD introduces reform tracker tool
The Center for Global Development (CGD) has introduced a new tool, the Multilateral Development Bank Reform Tracker, to monitor reforms…
IMF and World Bank convene in Morocco, face pressure for reform
The International Monetary Fund (IMF) and the World Bank are conducting their annual meetings in Marrakesh, Morocco, for the first…
IMF ‘hopeful’ Zambia to announce debt deal with creditors before Thursday
By Rachel Savage and Jorgelina do Rosario MARRAKECH (Reuters) - The International Monetary Fund's (IMF) Africa director said on Monday…
IMF says the global economy is limping along
The International Monetary Fund on Tuesday kept its forecasts for limp economic growth this year and next largely unchanged. The…