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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US Postal Service seeks to hike stamp prices to 68 cents
By David Shepardson (Reuters) - The United States Postal Service (USPS) said on Friday it wants to raise the price…
Sub-Saharan Africa to Gain More Say in IMF, World Bank Amid Economic Challenges
Sub-Saharan Africa is set to receive an additional seat on the executive boards of both the International Monetary Fund (IMF)…
Treasury yields’ wrecking-ball surge gets fresh fuel after blowout jobs report
By Davide Barbuscia and David Randall NEW YORK (Reuters) -The U.S. Treasury yield surge that has shaken markets in recent…
Blowout US job growth pokes hole in Fed’s cooldown narrative
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. employers in September turned their back on Federal Reserve officials who…
Fed’s Mester: Strong jobs data do not change underlying view on hiring
By Michael S. Derby (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said Friday that very strong hiring…
Stocks rally, bond yields soar on blowout US jobs data
By Herbert Lash NEW YORK (Reuters) - A blowout U.S. jobs report on Friday sparked a delayed rally on Wall…
Kaiser healthcare workers’ 3-day strike winds down, parties agree to more talks
By Steve Gorman and Ahmed Aboulenein LOS ANGELES (Reuters) - A 72-hour strike by 75,000 healthcare workers against Kaiser Permanente…
U.S. stocks stage a surprising rally on Friday. But can the party last?
U.S. stocks saw a surprising bounce on Friday, culminating in the S&P 500 index’s biggest intraday comeback since the March…
Biden administration revamps debt relief programs, frees $5 billion for public sector workers
In a response to a Supreme Court setback, the Biden administration has made significant changes to several debt relief programs.…
EV buyers to be eligible for tax credits at time of purchase
Buyers of electric vehicles will soon be able to get a federal tax credit at the dealership rather than waiting…
New England states join to buy offshore wind power as US industry struggles
(Reuters) - Three U.S. states in New England - Massachusetts, Rhode Island and Connecticut - on Wednesday agreed to jointly…
U.S. consumer credit posts biggest drop since pandemic as student-loan payments resume
The numbers: The amount of credit U.S. consumers used in August recorded the biggest decline since the early stages of the…
Ukrainian economy shows resilience amid war, eyes growth with foreign aid
The Ukrainian economy is demonstrating resilience amidst ongoing war challenges, with the International Monetary Fund (IMF) and the Ukrainian Economy…
Latin America and Caribbean face fiscal hurdles, World Bank report suggests
A recent report from the World Bank has highlighted significant challenges to fiscal consolidation in Latin America and the Caribbean…
Biden says it’s possible he’ll meet with China’s Xi next month
President Joe Biden on Friday said it’s possible he’ll meet with Chinese President Xi Jinping next month. “It is a…
World Bank raises Latam growth estimate, citing inflation fight
By Rodrigo Campos NEW YORK (Reuters) -The World Bank on Wednesday raised its growth estimate for the economies of Latin…
Exxon-Pioneer merger: Here’s why FTC’s Khan may shy from a fight with the ‘800 pound gorilla.’
Exxon Mobil Corp. XOM, -0.76% is reportedly nearing a deal to buy energy-exploration company Pioneer Natural Resources Co. PXD, +11.10%…
Zambia Nears Debt Restructuring Deal, Targeting a 40% Reduction
In a bid to overcome financial hurdles, Zambia is on the verge of signing a memorandum of understanding to restructure…