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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U.S., Mexico resolve labor probe at Grupo Yazaki auto parts plant in Mexico
MEXICO CITY (Reuters) - The U.S. and Mexico have resolved a labor complaint under a regional trade deal at a…
Hillary Clinton likens Donald Trump’s supporters to cult followers
“‘At some point maybe there needs to be a formal deprogramming of the cult members.’” — Hillary Clinton That’s Hillary…
Philippines economy on track for strong growth, IMF projects
Today, the International Monetary Fund (IMF) revised its growth forecast for the Philippines to 5.3 percent for 2023, positioning the…
Columbus Day and Indigenous Peoples’ Day: Is USPS open? Are banks closed? Here’s what you need to know.
There are plenty of closures to be aware of this Monday. Oct. 9 marks Columbus Day, which has been a…
World’s biggest bond markets steady after heavy selloff
By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S.…
Florida sues White House over funding tied to new state labor law
By Jonathan Stempel (Reuters) - Florida sued the Biden administration on Wednesday, accusing it of threatening to withhold more than…
Jobs report shows big 336,000 gain in hiring in September. Labor market is still hot.
The numbers: The U.S. gained 336,000 new jobs in September — much bigger than Wall Street expected — in a…
US should link China’s power in IMF to support for debt relief- former US official
By Andrea Shalal and David Lawder WASHINGTON (Reuters) - The U.S. should demand that China support debt restructuring for struggling…
Barclays analysts foresee challenging times ahead for global bonds
Barclays analysts issued a warning on Thursday about the challenging future facing global bonds, unless there is a significant downturn…
Japan’s Kishida vows to focus on wage hikes at union meeting
By Leika Kihara TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida on Thursday stressed the need to achieve sustained, broader…
US budget fight could create opening for China in the Pacific
By David Brunnstrom WASHINGTON (Reuters) - A 45-day stopgap measure passed by the U.S. Congress to avert a government shutdown…
Analysis-Bond vigilantes circle battered US Treasury market
By David Randall and Davide Barbuscia NEW YORK (Reuters) - Bond investors' rising concerns around U.S. government spending and its…
Biden announces $9 billion more in student debt relief
By Steve Holland WASHINGTON (Reuters) - U.S. President Joe Biden announced on Wednesday that his administration has approved an additional…
Sri Lanka to dismantle social security amid economic crisis, critics warn of potential issues
Amid a severe economic crisis and 95% food inflation, Sri Lanka is planning to dismantle social security systems such as…
S.Korean central bank governor sees risk of rates staying higher for longer
SEOUL (Reuters) - South Korea's central bank governor said there was a high possibility interest rates would stay higher for…
Wall St brokerages raise China’s economic growth forecast to 5%
(Reuters) -Citigroup and J.P.Morgan raised their forecasts for China's annual growth on Wednesday, citing stabilizing economic indicators and Beijing's recent…
World Bank’s tax reform proposal for Pakistan draws criticism
The World Bank's recent proposal to increase taxes on salaried individuals in Pakistan, including those earning over Rs 50,000 ($1…
World Bank refocuses on global challenges under Ajay Banga’s leadership
The World Bank, under the leadership of Ajay Banga, is shifting its focus towards addressing global challenges such as climate…