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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Allianz’s Global Wealth Report reveals global financial assets fall, Asia shows resilience
On Tuesday, Allianz (ETR:) released the 14th edition of its Global Wealth Report, providing an in-depth analysis of the asset…
Instagram, other social media should be banned for anyone 16 and under, Ramaswamy says at GOP debate
Republican presidential hopeful Vivek Ramaswamy took aim at social-media companies during the second GOP presidential debate, saying Wednesday night that…
RBI governor underscores need for improved governance and loan recovery in urban cooperative banks
A meeting between the Reserve Bank of India's (RBI) governor and directors of Mumbai-based urban cooperative banks (UCBs) brought the…
UPS to hire over 100,000 seasonal workers ahead of holiday rush
(Reuters) -United Parcel Service said on Tuesday it would hire more than 100,000 seasonal workers to handle the 2023 holiday…
Trump attacks Biden over EVs as he makes pitch to auto workers
Former President Donald Trump attacked President Joe Biden over his encouragement of electric vehicles, skipping the second consecutive Republican presidential…
UBS and China’s ICBC to explore banking, wealth management ties
HONG KONG (Reuters) -Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world's…
GOP presidential debate: DeSantis says Trump’s spending ‘set the stage for the inflation that we have now’
Florida Gov. Ron DeSantis went after former President Donald Trump during the second Republican presidential debate Wednesday night, blaming the…
JP Morgan CEO anticipates $25 billion influx into Indian G-Secs
Jamie Dimon, CEO of JP Morgan, praised the Aadhaar initiative and national infrastructure program led by Narendra Modi at the…
Lebanon risks being ‘ostracised’ if presidential vacuum lingers -French envoy
BEIRUT (Reuters) - Lebanon risks being "ostracised" by the international community if its nearly year-long presidential vacuum drags on further,…
Dimon: “Not sure if world is prepared” for 7% Fed rate – Times of India
Investing.com -- The world may not be prepared for the U.S. Federal Reserve to raise interest rates to 7%, JPMorgan Chase…
Historical Trends Suggest US Shutdown Could Boost Bond Market
Historically, a government shutdown in the United States has often led to a flight to safe havens such as the…
US annual home price growth accelerates in July
By Amina Niasse NEW YORK (Reuters) -U.S. annual home price growth accelerated for a second straight month in July, signaling…
S&P 500 ekes out gain as oil climbs, Treasury yields punch higher
U.S. stocks ended mostly higher on Wednesday in a choppy session that saw major equity gauges swing between gains and…
Brazil inflation accelerates as cenbank reiterates rate cut pace
SAO PAULO (Reuters) -Brazil's annual inflation accelerated in mid-September to 5.00%, data from statistics agency IBGE showed on Tuesday, coming…
Fed’s drastic rate adjustments anticipated by Kashkari’s essay
In a recent development this Tuesday, Neel Kashkari, a member of the Federal Reserve, published an essay predicting significant shifts…
U.S. government shutdown would halt IPOs and market surveillance, SEC’s Gensler warns
The U.S. government will shut down this weekend absent a last-minute funding deal from Congress, and that could lead to…
US new home sales tumble in August
WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell more than expected in August as the rate on the…
Military aid to Ukraine gives a shot in the arm to the U.S. economy
American military support for Ukraine as it fends off Russia has given a lift to the struggling industrial side of…