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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Pix revolutionizes financial transactions in Brazil, boosts financial inclusion
In a significant shift in Brazil's financial landscape, Pix, an instant money transfer tool, has become the most common form…
IMF, World Bank to go ahead with annual meetings in Morocco in October
The International Monetary Fund (IMF), the World Bank and Morocco announced the annual meetings of the two global institutions would…
Chinese state firms’ help to troubled shadow bank does little to address investor concerns
BEIJING (Reuters) - The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co's operations and management may…
Green bonds surge despite concerns over sustainability objectives
In line with global efforts towards a low-carbon future, banks have been instrumental in financing renewable energy initiatives. However, these…
Mexico has either just overtaken China as leading exporter to U.S. — or it’s had title all year
Bloomberg is running a story saying Mexico has just eclipsed China as the largest exporter to the U.S. The rival…
Thai cabinet approves higher budget for fiscal 2024, aiming to boost economy
By Kitiphong Thaichareon and Panarat Thepgumpanat BANGKOK (Reuters) - Thailand's new cabinet approved on Monday higher budget spending of 3.48…
OECD sees ‘a loss of momentum in second half’ as it tweaks forecasts
The Organization of Economic Cooperation and Development on Tuesday lifted its forecast for global growth in 2023, but cut its…
ECB may need until spring to conclude that no more hikes are needed: Kazimir
FRANKFURT (Reuters) - The European Central Bank's rate hike on Thursday may have been its last for now but policymakers…
Fed meeting looms, more tech IPOs ahead, Evergrande slips – what’s moving markets
Investing.com -- U.S. stock futures point higher to begin the new trading week, with markets preparing for a parade of key…
A tale of two central banks as Uruguay rises and Argentina slides
By Lucinda Elliott MONTEVIDEO (Reuters) - Diego Labat, Uruguay's central bank chief, is sitting pretty. Inflation is at the lowest…
German economy to shrink in Q3: Bundesbank
FRANKFURT (Reuters) - The German economy is likely to shrink this quarter as industry is in recession and private consumption…
Central bank body BIS flags new unpredictability in interest rate markets
By Marc Jones LONDON (Reuters) - The central bankers' central bank, the Bank for International Settlements, has urged investors to…
The Fed wants to cool spending; a strike, a shutdown and student loans may add ice
By Howard Schneider WASHINGTON (Reuters) - U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation…
India cenbank says stabilising core inflation shows easing price pressures
MUMBAI (Reuters) - The Indian central bank sees stabilising core inflation, which excludes food and fuel prices, as a sign…
Top House Republican McCarthy to test narrow majority in shutdown fight
By David Morgan WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy plunged forward on Monday into the biggest challenge…
Peru econ minister sees inflation easing to 5.2% in September
LIMA (Reuters) - Peru's annual inflation could ease to 5.2% in September, Economy Minister Alex Contreras said in a press…
ECB to tackle excess liquidity in next stage of inflation fight -sources
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers want to soon start discussing how to tackle…
Yellen: No signs US economy in downturn, warns against gov’t shutdown
By Andrea Shalal and Doina Chiacu WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Monday said she saw no signs…