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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State Bank of Pakistan reassures depositors, underlines robust banking system
The State Bank of Pakistan (SBP) has clarified misconceptions about the safety of bank deposits exceeding PKR500,000 ($3,000), following media…
South Asia’s Growth Prospects Amid Energy Transition
South Asia's growth rate is expected to slow down in the coming years, despite currently outperforming other developing regions globally,…
Illinois Tax Increment Association Conference Highlights Latest TIF Trends
The Illinois Tax Increment Association held its fall conference in the final days of September, a gathering that brought together…
Fed’s Strategy in Managing Inflation Amid Economic Recovery
As the economy marches towards pre-pandemic norms, Jerome H. Powell of the Federal Reserve and Mark Zandi of Moody’s Analytics…
IMF Trims Philippines’ 2023 Growth Forecast, Cites Stubborn Inflation
The International Monetary Fund (IMF) has revised its economic growth forecast for the Philippines this year to 5.3% from its…
Claudia Buch set to become EU’s chief banking supervisor as Parliament votes in favor
The European Parliament on Tuesday voted in favor of Claudia Buch, Germany’s candidate for the role of the European Union's…
World Bank Trims Bangladesh’s GDP Growth Forecast, Cites Inflation and Fiscal Vulnerabilities
The World Bank has lowered Bangladesh's GDP growth projection for the 2023-24 fiscal year to 5.6%, a decrease from its…
Bank of America strategists see return to normalcy amid interest rate hikes
A team of strategists at Bank of America have shed light on the current trend of rising interest rates, tracing…
Explainer-Charting the Fed’s data flow
By Howard Schneider The Federal Reserve held its benchmark overnight interest rate steady at its Sept. 19-20 policy meeting. New…
Fed’s Mester open to another rate hike if economy stays on current path
By Michael S. Derby NEW YORK (Reuters) - Cleveland Federal Reserve President Loretta Mester said on Tuesday she is open…
Dalio says China-US relations are ‘on the brink of red lines’
By Carolina Mandl GREENWICH, Connecticut (Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the…
U.S. jobs report forecast: 170,000 new workers and 3.7% unemployment
The post-pandemic boom in hiring appears to be over, and businesses are adding fewer workers. Is the slowdown in employment…
RBA maintains cash rate, new governor Bullock follows predecessor’s script
In her first official meeting as governor of the Reserve Bank of Australia (RBA), Michele Bullock confirmed that the official…
US job openings post largest increase in two years; quits rate unchanged
By Lucia Mutikani WASHINGTON (Reuters) - U.S. job openings unexpectedly increased in August amid a surge in demand for workers…
Kevin McCarthy’s ouster means chance of government shutdown next month ‘just went up to 80%,’ analyst says
The House’s historic vote to remove GOP Rep. Kevin McCarthy from the post of speaker is rattling Washington this week,…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) - The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico…
Fed’s inflation fight was already tough. Washington chaos could make it harder.
The Federal Reserve is close to ending a cycle of interest-rate hikes designed to stamp out high inflation. And now…
Inflation ‘feedback loop’ warning by Bank of Canada’s new deputy governor
Nicolas Vincent, the recently appointed external non-executive deputy governor of the Bank of Canada, issued a warning about an impending…