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…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Thai PM touts stimulus plans, meets central bank chief after surprise rate hike
By Satawasin Staporncharnchai and Chayut Setboonsarng BANGKOK (Reuters) -Thailand's Prime Minister Srettha Thavisin met the governor of its central bank…
Fed has lifted interest rates high enough to tame inflation, Bostic suggests
The chief of the Atlanta Federal Reserve said further increases in interest rates probably aren’t necessary to bring inflation back…
World Bank lowers growth estimates for East Asia and Pacific, maintains Cambodia’s outlook
The World Bank has revised its growth estimates for developing countries in East Asia and Pacific for 2023 and 2024,…
Kevin McCarthy vote today: House speakership appears in peril with Democrats ‘not saving’ him
House Speaker Kevin McCarthy on Tuesday said his chamber would vote later in the day on a measure that aims…
U.S. futures falter after government shutdown averted – what’s moving markets
Investing.com -- Futures faltered on Monday, paring back some earlier gains, after last-minute negotiations between lawmakers on Capitol Hill over the…
Job openings jump to 9.6 million. The labor market is cooling off, but slowly.
The numbers: Job openings snapped back in August and rose to 9.6 million, reflecting a robust appetite for labor in light…
Bankman-Fried explored paying Trump not to run for president, book excerpt says
(Reuters) -Jailed former billionaire Sam Bankman-Fried considered paying former U.S. President Donald Trump to not run for re-election in 2020,…
Pakistan leads in borrowing from World Bank’s IDA in 2023 amid forex struggles
In the year 2023, Pakistan emerged as the largest borrower from the International Development Association (IDA), a key division of…
U.K. bakery chain reports surge in sales
Greggs on Tuesday said its sales have increased by more than 20% over the past three months, thanks to cost-conscious…
U.S. finance leaders adopt defensive shift as low-cost capital era ends
U.S. finance leaders are signaling a defensive shift towards more prudent capital-allocation decisions as the era of low-cost capital comes…
Ukraine says U.S. support for Kyiv is not weakening
KYIV (Reuters) - Ukraine's top diplomat said on Monday Washington's support for Kyiv was not weakening, and played down the…
Opinion: Biden and Trump are pushing dangerous trade tariffs that will hurt American jobs
International trade will be a key issue in the 2024 U.S. presidential campaign. Sadly, both the Republican and Democratic parties…
World Bank trims East Asia and Pacific growth forecast, cites China’s domestic difficulties
The World Bank has revised its growth estimates for the East Asia and Pacific region, lowering the 2023 forecast to…
US new auto sales likely rose in Q3, but UAW strikes may pose speed bump
By Shivansh Tiwary (Reuters) - U.S. new vehicle sales likely rose in the third quarter on improving supply and steady…
Explainer-What’s at stake in the civil fraud case against Trump?
By Jack Queen (Reuters) -Donald Trump and his family business are set to face trial in New York on Monday…
Attacked by Trump, New York judge to weigh ex-president’s fraud case
By Jonathan Stempel NEW YORK (Reuters) -Last week, Donald Trump, the Republican frontrunner in the 2024 race for the White…
Pakistan’s caretaker government yields to IMF pressure, plans major gas rate hike
The caretaker government of Pakistan has finalized a plan to increase gas rates by up to 45%, a move prompted…
Top central banks’ rate hike push fizzles out in September, EM parts ways
By Karin Strohecker and Sumanta Sen LONDON (Reuters) - Central banks across major developed economies delivered what looked like a…