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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Markets are declaring victory over inflation for Powell, and that has some economists worried
Federal Reserve Chair Jerome Powell said Wednesday it was too early to declare victory over inflation, but financial markets have…
Apple’s court reprieve, Xiaomi’s EV move, weak dollar – what’s moving markets
Investing.com -- U.S. stock futures drift as a strong trading year approaches the close, while Apple is freed to sell…
Top Fed officials says the Fed isn’t ‘really talking about cutting interest rates right now’
A pair of senior officials at the Federal Reserve on Friday said it’s too soon to talk about cutting interest…
US to provide up to $250 million in arms, equipment to Ukraine – Blinken
WASHINGTON (Reuters) -The U.S. will provide up to $250 million in arms and equipment to Ukraine in the final package…
Interest-rate cuts coming soon? Bah humbug, Fed officials say
The chorus of Federal Reserve officials who say interest rates will remain higher for longer than investors believe is getting…
Turkey’s minimum wage hike seen fuelling prices, hitting inflation outlook
By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) - Turkey's larger-than-expected minimum wage hike, which impacts some 7 million workers,…
Barkin says Fed makes ‘good progress’ on taming inflation, but too early to talk rate cuts
The president of the Richmond Federal Reserve said the central bank is making “good progress” in slowing inflation, but he…
Start of Israel rate cuts possible next week but analysts split: Reuters Poll
By Steven Scheer JERUSALEM (Reuters) - The Bank of Israel could cut short-term interest rates next week for the first…
Trump floats repealing Obamacare. Here’s why that would be hard.
Former President Donald Trump has promised to take another crack at repealing Obamacare if he gets voted back into office…
China’s central bank to step up policy adjustments, drive price rises
BEIJING (Reuters) -China's central bank said on Thursday it would step up macroeconomic policy adjustments to support the economy and…
Fed won’t cut interest rates right away, Harker says
The president of the Philadelphia Federal Reserve said Wednesday the central bank doesn’t plan to cut interest rates soon because…
Brazil’s Haddad unveils set of tax tweaks to ensure balanced public accounts
BRASILIA (Reuters) - Brazil's Finance Minister Fernando Haddad unveiled on Thursday tax adjustments to limit benefits across various sectors and…
Jobless claims inch up to 205,000. Layoffs in the U.S. hover near record low.
The numbers: The number of Americans who applied for unemployment benefits last week inched up to 205,000, indicating layoffs remain…
Peru to launch exchange-traded fund debt instrument in January
LIMA (Reuters) - Peru's government will launch an exchange-traded fund (ETF) sovereign debt instrument in January that will be exempt…
Economy still appears headed for recession, U.S. leading index signals
The numbers: The leading economic index declined 0.5% in November, falling for the 20th month in a row, and continued to…
Ukraine government donor letter no grounds for panic, says Ukrinform
KYIV (Reuters) - A letter from Ukrainian Prime Minister Denys Shmyhal requesting an emergency meeting with international donors and seen…
U.S. mortgage rates fall for eighth week in a row, drawing buyers off the sidelines
Mortgage rates fell for the eighth week in a row, staying well below 7%, providing a much-needed boost to the…
G7 leaders to discuss legal theory on seizing Russian assets – sources
By Andrea Shalal CHRISTIANSTED, St. Croix (Reuters) -G7 leaders will discuss a new legal theory that would enable the seizure…