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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Colombia central bank seen holding benchmark rate at 13.25% in next meeting: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) - Colombia's central bank is expected to hold its benchmark interest rate at 13.25% during…
Italy sees 2023 budget deficit overshoot at around 5.5% of GDP, sources say
By Giuseppe Fonte ROME (Reuters) - Italy sees its 2023 budget deficit overshooting at around 5.5% of gross domestic product…
Germany’s Economy: A “Sore Athlete” Poised for Recovery Despite Challenges
Despite facing significant challenges such as rising energy costs and weak demand from export destinations, Germany's economy is poised to…
Mexico inflation continues slowdown in early September
(Reuters) -Mexico's headline inflation eased in the first half of September, official data showed on Friday, with the president calling…
UPS is using AI to prevent ‘porch pirates’ from stealing packages
Shipping giant UPS is using artificial intelligence (AI) to crack down on package theft by “porch pirates” and help consumers get what…
Commerzbank shares fall after report on strategy review
FRANKFURT (Reuters) - Shares of Commerzbank (ETR:) were down 3.4% late on Friday after a German newspaper reported details of…
Column-Hawkish Fed unwittingly stokes Treasuries ‘basis trade’ risks: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - The Federal Reserve's hawkish stance on interest rates, and determination to reduce its…
Federal Reserve Officials Hint at Prolonged Borrowing Costs to Control Inflation
In recent developments, two officials from the Federal Reserve hinted on Friday at the possibility of an additional increase in…
ECB Holds Rates at 4% Amid Economic Stability, Aims to Curb Inflation
The European Central Bank (ECB) has decided to hold its interest rates at 4% for the foreseeable future, following a…
Federal funds futures market sees record trading on rate hike anticipation
An unprecedented surge in trading volume was witnessed this week in a specific segment of the federal funds futures market,…
Citi warns UK staff of cuts as hundreds of roles could be affected – memo
(Corrects spelling of Bardrick in paragraph 3 and 7.) By Anousha Sakoui LONDON (Reuters) -Citigroup has warned UK-based employees of…
UAW to strike more GM, Stellantis facilities, makes progress with Ford
(Reuters) -The United Auto Workers will expand its strikes against Detroit automakers General Motors (NYSE:) and Chrysler parent Stellantis (NYSE:),…
WTO needs progress on ‘non-market’ practices, dispute settlement -USTR’s Tai
By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Friday called for meaningful progress in making changes to…
Fed officials emphasize the ‘higher for longer’ mantra
Investing.com -- Federal Reserve officials emphasized the central bank’s message that interest rates will stay higher for longer than previously…
JP Morgan’s inclusion of Indian bonds to boost rupee amid rising oil prices
In a move that is expected to significantly bolster the Indian rupee, JP Morgan is incorporating Indian bonds into its…
Federal Reserve’s Signals and Government Shutdown Fears Weigh on US Markets
The U.S. financial markets faced uncertainty on Friday, as the Federal Reserve signaled a prolonged period of elevated interest rates…
Food insecurity in Africa should be overcome in 5 years -AfDB head
By Rodrigo Campos NEW YORK (Reuters) - Programs supported by the African Development Bank (AfDB) in over 30 African countries…
Fed’s Daly says she is not sure if need to hold rates, or go higher
(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation…