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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Opinion: FTX whistleblower was unusual. Most witnesses are too afraid to speak up.
In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the…
Hyundai Motor’s South Korea union accepts 12% wage hike deal
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Co and a union representing its South Korean workforce on Monday sealed a…
US Representative Wexton won’t seek reelection after new diagnosis
By Katharine Jackson WASHINGTON (Reuters) -U.S. Representative Jennifer Wexton, a Virginia Democrat, said on Monday she would not seek reelection…
Janet Yellen says she expects soaring oil prices to stabilize
Treasury Secretary Janet Yellen on Monday said she thinks oil prices will stop rising but that the Biden administration is…
US banks ramp up borrowing amid reserve concerns, FHLB advances hit highest level since 2006
Major U.S. banks have increased their borrowing by 9%, or $70 billion, in August, as reported on Monday. This development…
UAW auto strike looms large for inflation and economy
The strike by auto workers won’t hurt the U.S. in the short run, but a months-long dispute could sting the…
US Treasury’s Adeyemo urges Nigeria to work on stable currency, fight corruption
WASHINGTON (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and…
PBOC intensifies efforts to stabilize trade, attract foreign investors
The People’s Bank of China (PBOC) Governor, Pan Gongsheng, stated on Monday that the central bank is set to amplify…
Homebuilder sentiment plunges again amid spike in mortgage rates
Confidence among builders in the U.S. housing market unexpectedly plunged in September for the second straight month as a spike…
Nouriel Roubini says a return to 2% inflation is ‘mission impossible’
“‘Both on the supply side and the demand side, there are factors implying that 2% is, at this point, mission…
Fed Rate Hike Unlikely Amid Cooling Inflation and Stronger Economic Growth
Wall Street experienced mild fluctuations on Monday, as oil prices continued to rise, exerting pressure on inflation. The was marginally…
Builder confidence index falls to five-month low amid high mortgage rates
The numbers: Builder confidence fell in September to the lowest level in five months as buyer demand waned on the…
Marketmind: Clarion call for Bank of Japan clarity
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.…
Arm’s stellar listing sets the stage for more SoftBank acquisitions
By Anton Bridge TOKYO (Reuters) -The roaring success of Arm Holdings' stock market debut makes it much easier for owner…
Goldman Sachs lowers peak U.K. interest-rate forecast ahead of meeting
Goldman Sachs has lowered its estimate of the peak U.K. interest rate, even as it forecasts a quarter-point increase by…
Asking prices for UK homes pick up slightly despite summer slowdown: Rightmove
LONDON (Reuters) - Asking prices for homes in Britain rose marginally this month following a sharp drop in August, but…
Opinion: Americans are working harder and making less. We need a new social safety net
Thousands of auto workers for the three-largest U.S. carmakers walked off the job last week because their pay has only…
UK manufacturing trade body cuts outlook for 2023
By Suban Abdulla LONDON (Reuters) - Britain's main manufacturing trade body on Monday cut its forecast for the sector's growth…