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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Reflation trade loses steam despite recent inflation surge
In a twist of events, the so-called reflation trade, which has been a dominant market theme following an unexpected inflation…
UAE oil exec and leader of COP28 climate summit tells U.N., energy industry to ‘get after gigatons’ of emissions
The president-designate of this fall’s annual major global climate-change conference, Dr. Sultan Al Jaber, himself an executive in an oil…
Fed meeting to begin, Instacart’s IPO pricing – what’s moving markets
Investing.com -- U.S. futures point higher, with markets almost certain that Federal Reserve policymakers will hold interest rates steady following a…
Britain must not damage financial sector resilience, says BoE’s Woods
By Huw Jones LONDON (Reuters) - Easing rules to boost the post-Brexit global competitiveness of Britain's financial sector can only…
Climate change leaves us at ‘gates of hell,’ says U.N.’s Guterres at event that pushes aside mega-polluters U.S., China
The head of the United Nations warned Wednesday that the world is approaching the “gates of hell” as climate change intensifies,…
Indonesia parliament committee approves higher 2024 budget of $216 billion
JAKARTA (Reuters) - Indonesia's parliament committee on Tuesday approved the government's higher 2024 budget expenditure of $216 billion to support…
Biden to announce $325 million in aid to Ukraine as Zelensky visits Washington: report
President Joe Biden plans to announce a $325 million military aid package for Ukraine on Thursday as Ukrainian President Volodymyr Zelensky visits…
Fed to hold rates steady, but signal policy path in meeting this week
By Howard Schneider WASHINGTON (Reuters) - The U.S. Federal Reserve kicks off a two-day policy meeting on Tuesday with officials…
Biden administration offers free COVID tests again
The Biden administration on Wednesday announced that starting Monday, U.S. households will again be able to order four free COVID-19…
UK inflation to be highest among big economies in 2023 – OECD
LONDON (Reuters) - Britain remains on course to have the highest inflation of leading rich economies in 2023, according to…
Rising oil prices challenge Fed’s inflation and growth strategy
The Federal Reserve is grappling with the challenge of rising oil prices as it attempts to guide the economy towards…
Fed skips rate hike for now, but doesn’t rule out another increase this year
The Federal Reserve on Wednesday engineered a hawkish pause, holding interest rates steady while indicating a majority of officials expect…
U.K. inflation projected to increase to 7% in August, complicating Bank of England’s decisions
The United Kingdom's inflation rate is anticipated to have risen from 6.8% in July to 7% in August, according to…
Fed predicts ‘soft landing’ for the economy — low inflation and no recession
The Federal Reserve is betting it can kill high inflation without killing off the current economic expansion, based on its…
UK’s CMA drafts principles for responsible AI use, fostering competition
The UK's Competition and Markets Authority (CMA) has proposed a set of seven principles to guide the responsible development and…
Fed’s interest rate stance in focus as economic projections loom
Federal Reserve officials are expected to maintain interest rates steady at their meeting on Wednesday, September 20, 2023. This comes…
Bank of Japan expected to maintain policy, signals shift towards data-driven approach
ANZ Bank has projected that the Bank of Japan (BoJ) will uphold its existing monetary policy in the imminent meeting…
U.K. property stocks bounce as falling inflation cuts chances of Bank of England rate hike to 50/50
U.K. homebuilder and property stocks jumped Wednesday after slower than expected inflation data boosted hopes that the Bank of England…