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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Central banks anticipate rate cuts in 2024 amid controlled inflation
The Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), Bank of Japan (BoJ), National Bank of Hungary…
IMF and World Bank return to Africa for annual meeting amid economic challenges
The annual meeting of the International Monetary Fund (IMF) and the World Bank is currently taking place in Marrakesh, Morocco,…
Exclusive-ECB sees Italy’s spread jump as justified but may cool PEPP talk: sources
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - European Central Bank policymakers consider a spike in Italy's bond yields…
Italy, fearing Eurostat deficit revision, seeks EU flexibility
By Giuseppe Fonte and Gavin Jones ROME (Reuters) - Italy is lobbying its European Union partners with increasing urgency to…
Higher bond yields may leave less for Fed to do on rates, Logan says
By Ann Saphir DALLAS (Reuters) -The recent rise in long-term U.S. Treasury yields, and tighter financial conditions more generally, could…
Union finance minister to lead Indian delegation at IMF-World Bank meeting in Marrakech
Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das are set to lead the Indian delegation at the IMF-World…
World Bank urges cooling of Israel-Gaza conflict as annual meetings start
By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -The World Bank on Monday urged a "rapid de-escalation" of the…
World Bank explores expanding loan guarantees for private financing
By Jorgelina do Rosario MARRAKECH (Reuters) - The World Bank on Monday said it is looking at ways to expand…
Fed May Need Less Tightening if Term Premiums Drive Long-Term Rates: Dallas Fed President
Dallas Federal Reserve Bank President, Lorie Logan, addressed the National Association for Business Economics meeting on Monday, discussing the potential…
Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructure…
House speaker election: How it works, who is running and what happens next
House lawmakers are returning to Washington Monday with a key task at hand: electing a new speaker. Choosing a new…
Fed’s BARR Defends ‘Basel Endgame’ Proposal, Citing Need for System Resilience
Fed Vice Chair for Supervision, Michael Barr, defended the "Basel Endgame" proposal at the American Bankers Association conference on Monday.…
Brent Crude Climbs Amid Middle East Conflicts, Goldman Sachs Predicts $100 per Barrel by Mid-2024
The ongoing conflicts in the Middle East have continued to influence global prices and financial markets, with the Israel-Hamas and…
Fed cop Michael Barr defends higher capital requirements as bankers bristle
Federal Reserve Vice Chair for Supervision Michael Barr said Monday that a complex government plan to boost capital requirements for…
Irish budget to include 2.4 billion euros of ‘one-off’ supports – source
By Padraic Halpin DUBLIN (Reuters) - Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent…
The new House speaker shortlist is shaping up to be Jim Jordan, Steve Scalise … and maybe Kevin McCarthy
Who will be the next speaker of the House of Representatives: Jim Jordan, Steve Scalise or … Kevin McCarthy? With…
US Fed’s top bank cop defends effort to hike bank capital
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve's top regulatory official defended a sweeping proposal to overhaul bank capital…
World Bank issues sustainable development bonds to Morocco’s central bank
In a significant move towards climate action and sustainable development, the World Bank has issued two Sustainable Development Bonds worth…