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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Global housing market sees reduced bubble risk, with Zurich and Tokyo exceptions
The global risk of housing bubbles has significantly decreased in 2023, with only Zurich and Tokyo remaining in the bubble…
Menendez charges cost Biden key foreign policy ally
By Patricia Zengerle WASHINGTON (Reuters) - The charges against Democratic Senator Bob Menendez will cost President Joe Biden one of…
Oil price spike does not change ECB’s view on inflation-Villeroy
PARIS (Reuters) - Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank…
India to delay import licensing of laptops after US, industry push back, sources say
By Munsif Vengattil and Shivangi Acharya NEW DELHI (Reuters) - India will defer an import licence requirement for laptops and…
Trudeau expects Canadian interest rates to come down by mid 2024
(Reuters) - Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of…
Egypt says IMF agrees to merge first two reviews of reform program
CAIRO (Reuters) - Egypt said it had agreed with the International Monetary Fund (IMF) to merge the fund's first and…
US House panel approves four funding bills; government shutdown deadline approaches
WASHINGTON (Reuters) - The U.S. House of Representatives' Rules Committee on Saturday voted, 9-2, to tee up four appropriations bills…
Biden says Republicans should live up to budget deal
WASHINGTON (Reuters) - U.S. President Joe Biden on Saturday rebuked what he called "extreme Republicans", saying the party's lawmakers needed…
China state asset manager plans $14 billion emerging industry fund -report
SHANGHAI (Reuters) - China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion…
Ukraine’s Zelenskiy says he met top businessmen during U.S. visit
KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Sunday he met leading American entrepreneurs and financiers during a visit this…
High Interest Rates Boost High-Yield Savings Accounts, Despite Economic Slowdown Fears
The Federal Reserve's aggressive rate-hiking campaign over the past 18 months has led to a surge in high-yield savings accounts,…
US gov’t shutdown could slow House Republicans’ Biden impeachment inquiry
By Makini Brice WASHINGTON (Reuters) -The looming U.S. government shutdown that some hardline Republicans, including Donald Trump, are cheering for…
Bank of England Pauses Interest Rate Hikes Amid Surprise Fall In Inflation
The Bank of England (BoE) announced on Friday that it has held interest rates at 5.25%, bringing a halt to…
AI’s Potential to Boost US Labor Productivity Faces Policy Challenges, Says Fed Governor
Federal Reserve Governor Lisa Cook acknowledged the potential of artificial intelligence (AI) to enhance labor productivity in the United States…
US equity funds see biggest weekly outflow in four weeks
(Reuters) - U.S. equity funds suffered substantial outflows in the seven days to Sept. 20, hit by worries that the…
Antoine Martin appointed to Swiss National Bank governing board, to assume role in 2024
The Swiss Federal Council has elected Antoine Martin, a seasoned specialist from the US Federal Reserve, as a member of…
AI’s potential to boost productivity comes with challenges, says Fed Governor Lisa Cook
Federal Reserve Governor Lisa Cook emphasized the potential of generative artificial intelligence (AI) to enhance productivity and transform the labor…
Fed’s Collins: Further tightening possible, though “patience” required
By Howard Schneider WASHINGTON (Reuters) - Further Federal Reserve interest rate increases are "not off the table" with inflation still…