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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Fewer ‘I dos’ ruin the party for China’s $500 billion wedding industry
By Casey Hall and Farah Master SHANGHAI/HONG KONG (Reuters) - COVID wasn't kind to wedding planners in China, where marriages…
SEC set to crack down on misleading fund names and ‘greenwashing’
The Securities and Exchange Commission was poised to adopt a new rule Wednesday aimed at preventing investment companies from using…
Irish central bank warns government that it risks stoking inflation
By Padraic Halpin DUBLIN (Reuters) -Ireland's central bank said the country's inflation outlook is broadly unchanged from three months ago…
ECB likely to maintain deposit rate at 4.00% until year-end, poll suggests
A recent poll of 70 economists unanimously anticipates that the European Central Bank (ECB) will keep the deposit rate at…
U.S. mortgage demand rises ahead of Fed decision on rates
The numbers: Mortgage demand rose ahead of a U.S. Federal Reserve decision on interest rates. Despite mortgage rates rising to…
Factbox-From UPS to Detroit Three automakers, US labor unions flex muscle
By Mrinalika Roy (Reuters) -A tight U.S. labor market, expiration of cyclical contracts and high living costs have triggered tough…
Opinion: Fed’s ‘golden handcuffs’: Homeowners locked into low mortgage rates don’t want to sell
Conventional wisdom dictates that U.S. inflation will continue to decline as the Federal Reserve marches forward with additional interest-rate hikes.…
Yellen says U.S. ‘soft landing’ can weather strike, govt shutdown, student loan risks
By David Lawder NEW YORK (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters that a "soft-landing" scenario for the U.S.…
ECB official’s comments on high interest rates trigger surge in German borrowing costs
The European Central Bank (ECB) official, Francois Villeroy de Galhau, emphasized the necessity of sustaining high interest rates to keep…
Ford attacks potential U.K. government backtracking on net-zero commitments
Ford Motor Co. F has publicly attacked the U.K. government after a leak it might reverse its stance on requiring…
Brazil’s economic activity at start of third quarter beats expectations
BRASILIA (Reuters) - The Brazilian economy kicked off the third quarter with a stronger-than-expected pace, bolstering recent upward revisions in…
Rising Treasury yields anticipate Federal Reserve’s policy decision
Treasury yields have started to rise as traders anticipate a lasting increase in rates. This surge is driven by a…
Sidelined on UAW strikes, Biden White House talks economic aid
By Nandita Bose WASHINGTON (Reuters) -As the UAW strike enters its fifth day, the Biden administration is hobbled by a…
U.K. inflation slips to 6.7% in August, coming in shy of forecasts
The U.K. consumer price index fell a touch to 6.7% year-over-year in August from 6.8%, the Office for National Statistics…
Fed expected to maintain highest interest rates in 22 years, potential rate cuts on horizon
The Federal Reserve is expected to uphold its current policy rate at its highest point in 22 years, following a…
Competing financial responsibilities hinder U.S. employees’ retirement savings: Goldman Sachs
A recent survey by Goldman Sachs Asset Management reveals that US employees' retirement savings are significantly impacted by a 'financial…
Federal Reserve’s policy decision impacts bond yields, amid inflation concerns
On Tuesday, the market displayed a calm demeanor ahead of the Federal Reserve's policy decision, with bond yields experiencing a…
Full US government shutdown likely, could impact Fed -PIMCO
By David Randall and Dhara Ranasinghe NEW YORK (Reuters) - A full, lengthy shutdown of the U.S. government is "likely"…