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.K. to hike minimum wage. Here’s how it compares with the U.S. and the rest of the world.
The U.K.’s chancellor of the exchequer, Jeremy Hunt, on Monday outlined plans to lift Britain’s minimum wage. In a speech…
World Bank trims China’s growth forecast, warns of slowest East Asia expansion in five decades
The World Bank has revised its growth forecast for China in 2024 to 4.4%, down from the 4.8% it predicted…
U.S. manufacturers show improvement, ISM finds, but still face tough times
Story developing. Stay tuned for updates here. The numbers: A barometer of business conditions at American factories contracted in September for…
Explainer-How hardline US House Republicans could strip Kevin McCarthy of speakership
WASHINGTON (Reuters) -Republican U.S. House of Representatives Speaker Kevin McCarthy faces an attempt by members of his own party to…
Philippines eyes maiden sukuk issue in November
MANILA (Reuters) - The Philippines plans to issue its maiden sukuk bonds by the end of November, its finance secretary…
No tax cuts yet, UK finance minister Hunt tells Conservatives
By Elizabeth Piper and Alistair Smout MANCHESTER, England (Reuters) -British finance minister Jeremy Hunt poured cold water on growing calls…
Marketmind: U.S. shutdown relief vs mixed China PMIs
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Japan puts the brakes on lucrative used-car trade with Russia
By Daniel Leussink TOKYO (Reuters) - Japan's move to bar most used-car sales to Russia slammed the brakes on a…
BOJ discussed factors for exiting easy policy at Sept meeting; 10-yr JGBs falter
By Leika Kihara TOKYO (Reuters) -More Bank of Japan policymakers discussed the prospects of an eventual exit from ultra-loose policy,…
Japan’s factory activity extends declines in September – PMI
TOKYO (Reuters) - Japan's factory activity fell at the fastest pace in seven months in September, a survey showed on…
Zelenskiy says nothing will weaken Kyiv’s resolve against Russia
KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a speech released on Sunday that nothing would weaken his country's…
Germany welcomes China’s support for G20 debt restructuring framework
BERLIN (Reuters) -Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries…
Buoyant dollar pushes fragile yen to within striking distance of 150
By Rae Wee SINGAPORE (Reuters) - The dollar kicked off the last quarter of the year on the front foot…
Japan’s business mood improves, capex firm in boost to economic outlook
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan's business sentiment improved in the third quarter, a central bank survey…
Japan startup develops ‘Gundam’-like robot with $3 million price tag
By Satoshi Sugiyama and Chris Gallagher YOKOHAMA, Japan (Reuters) - Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled…
NYC High-Income Residents May Benefit From Tax-Exempt Municipal Bonds, Strategists Suggest
Bank of America strategists, Yingchen Li and Ian Rogow, suggested on Friday that high-income residents of New York City might…
Elon Musk wades into German debate over migration
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) - Billionaire Elon Musk waded into German politics on Friday, sharing the…
BOJ dispels view risk of loss will impede easy-policy exit
By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said considerations over the central bank's finances would…