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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Middle East conflict adds new risks to global economic outlook
By Howard Schneider and Ann Saphir DALLAS (Reuters) - The outbreak of military conflict in the Middle East may leave…
US restricts trade with 42 Chinese entities over support for Russia’s military
WASHINGTON (Reuters) -The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over their…
Ireland trims 2023 budget surplus, corporate tax forecasts
DUBLIN (Reuters) - Ireland is set to collect 0.6% less tax than expected this year following a recent fall in…
Fed’s Bowman says it will likely be appropriate to raise rates again
(Reuters) - Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite…
Surging bond yields add to Canadian homeowners’ mortgage pain as renewals loom
By Nivedita Balu TORONTO (Reuters) -The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a…
Niger cuts 2023 budget by 40% as post-coup sanctions bite
NIAMEY (Reuters) - Niger has cut its planned spending for 2023 by 40% because of international sanctions imposed after the…
ECB’s Lagarde: confident over 2% inflation target and Europe’s winter gas situation
PARIS (Reuters) -European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the…
Explainer-Charting the Fed’s economic data flow
By Howard Schneider (Reuters) - The Federal Reserve held its benchmark overnight interest rate steady at its Sept. 19-20 policy…
IMF to disburse $600 million to Ghana as part of larger support package
The International Monetary Fund (IMF) is set to disburse $600 million to Ghana in November 2023, as part of a…
Yellen Embarks on Nine-Day International Trip to Address Global Economic Challenges
In a move aimed at addressing global economic enhancement and challenges, U.S. Treasury Secretary Janet Yellen embarked on a nine-day…
Sub-Saharan Africa to secure third seat on IMF and World Bank boards
In an effort to boost representation within global economic institutions, Sub-Saharan Africa is set to secure a third seat on…
RBI Increases Gold Loan Limit for Ucbs Amid Rising Gold Prices
The Reserve Bank of India (RBI) has increased the Bullet Repayment gold loan limit to ₹4 lakh for Urban Co-operative…
Job Growth Endurance Tested Amid Inflation and Interest Rate Hikes
American job growth has demonstrated remarkable resilience over the past two and a half years, despite high inflation surpassing the…
Bond rout won’t end Fed balance sheet cuts, but endgame bubbling into view
By Michael S. Derby NEW YORK (Reuters) - The bond market tumult that has sent real-world borrowing costs surging is…
ECB’s Knot says Italy is paying price for higher deficit
STRBSKE PLESO, Slovakia (Reuters) - Italy is paying the price for raising its deficit targets via higher borrowing costs, European…
ECB’s Tightening Campaign Concludes Amid Rising Borrowing Costs and Positive Growth Sentiment
On Friday, Klaas Knot, a member of the European Central Bank (ECB) Governing Council, expressed support for the current monetary…
Developing countries facing a debt crunch
LONDON (Reuters) -High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a range…
Canada jobs, wage gains blow away expectations, up chances for rate hike
By Ismail Shakil, Steve Scherer and Nivedita Balu OTTAWA (Reuters) -Canada's economy more than tripled expectations by adding 63,800 jobs…