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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US two-year Treasury yield rises to 17-year high on hawkish Fed
By Kevin Buckland TOKYO (Reuters) -The yield on two-year U.S. Treasury notes rose to a 17-year high of 5.1970% on…
Ukraine aid package to include significant air defense, White House says
President Joe Biden on Thursday will announce a new package of military aid for Ukraine that includes “significant air defense…
Fed’s high interest rates could intensify corporate default wave, warns Apollo economist
The ongoing corporate default wave in the United States could intensify if the Federal Reserve continues to maintain high interest…
Job well done? Layoffs stay low even as Fed works to choke off inflation.
The number of layoffs in the U.S. was supposed to shoot higher as the Federal Reserve jacked up interest rates…
Indonesia parliament passes Jokowi’s $216 billion 2024 budget
JAKARTA (Reuters) - Indonesia's parliament on Thursday passed President Joko Widodo's 3,325.1 trillion rupiah ($216.06 billion) budget for 2024, his…
Vista’s Robert Smith calls on leaders to stop ‘assault on affirmative action’
Robert Smith, chairman and CEO at Vista Equity Partners, called on political leaders to support affirmative-action policies and to invest…
BOJ will end negative interest rates in 2024, most economists say: Reuters poll
By Kantaro Komiya TOKYO (Reuters) - The Bank of Japan will end its negative interest rate policy next year, the…
U.S. businesses operating in China are confused and worried. Here’s why.
China’s still-floundering economy is only one of a laundry list of worries for foreign businesses active in the country, yet…
Hong Kong central bank leaves interest rate unchanged, tracking Fed
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount…
Taiwan central bank likely to hold benchmark rate steady amid election uncertainty
The Central Bank of Taiwan is anticipated to keep its benchmark interest rate unchanged at 1.875% for the second quarter…
U.S. mortgage rates ‘linger’ over 7%, Freddie Mac says, slowing the housing market further
Demand for housing is falling as mortgage rates stay firmly above 7%. The 30-year fixed-rate mortgage averaged 7.19% as of…
Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024
(Reuters) - Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in…
Philadelphia Fed manufacturing gauge falls back into contraction territory in September
The numbers: After rocketing into positive territory in August, the Philadelphia Fed said Thursday its gauge of regional business activity…
SEC tightens rules on fund names and investment strategies correlation
The Securities and Exchange Commission (SEC) has updated its regulations to require investment fund managers to clarify the relationship between…
Leading index for U.S. economy falls 17th month in a row, but still no sign of recession
The numbers: The leading economic index fell 0.4% in August and declined for the 17th month in a row, but there’s…
Hong Kong maintains interest rates following US Federal Reserve’s decision
The Hong Kong Monetary Authority (HKMA) announced on Thursday its decision to maintain the current base rate through the overnight…
Big-state governors aim to quadruple number of high-efficiency heat pumps in U.S. homes and buildings by 2030
A group of 25 state and territory governors organized as the U.S. Climate Alliance set a goal Thursday together with…
Bank of England mulls over interest rate hike amid softer UK inflation data
The Bank of England (BoE) is expected to announce its fifteenth consecutive interest rate hike since December 2021 on Thursday,…