By Daniel Leussink TOKYO (Reuters) – Japanese wages are unlikely to grow as much as nationwide consumer prices over the coming year, almost 80% of economists said in a Reuters poll, which would be bad news for an economy that has hardly seen any real wage growth for more than two decades. In a sign …
Japan’s wage growth to lag inflation over next 12 months: Reuters poll Read More »
TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as manufacturers struggled to shake off the drag from supply disruptions and a high-tech chip shortage. Industrial production in the world’s third-largest economy likely slipped 0.5% in July from the previous …
Japan’s factory output likely fell back into contraction in July- Reuters poll Read More »
By Howard Schneider JACKSON, Wyo. (Reuters) -U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase they will approve at their Sept. 20-21 meeting, but continued hammering the point they will drive rates up and keep them there until inflation has been squeezed from the economy. Those higher rates …
Fed officials: no call yet on 50 vs 75 bps rate hike next month Read More »
By Katanga Johnson WASHINGTON (Reuters) – Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that firms provide in their proxy statements and other disclosures …
U.S.-listed companies will have to disclose how CEO pay stacks against firm performance Read More »
(Reuters) – St. Louis Federal Reserve President James Bullard on Thursday said he expects high inflation to be more persistent than many have been expecting and interest rates now are not yet high enough to begin curtailing price pressures. In an interview on CNBC in Jackson, Wyoming, Bullard repeated he would like the Fed’s benchmark …
Fed’s Bullard: Inflation likely to be more persistent than expected Read More »
By Marco Aquino LIMA (Reuters) -Peru on Thursday lowered the country’s economic growth forecast to 3.3% this year, the finance minister said, and officially abandoned a plan to hike taxes on the mining industry amid falling metal prices, high inflation and slowing growth. The new forecast is significantly higher than the Refinitiv average of 2.6% …
Peru lowers 2022 growth forecast and abandons mining tax hike plan Read More »
By Joseph White DETROIT (Reuters) – U.S. consumers are responding to surging prices for new cars and trucks by going deeper into debt, pushing the average new vehicle loan to a record-high $40,290 during the second quarter, credit monitoring company Experian said Thursday. The average monthly payment for a new vehicle loan rose to $667 …
U.S. consumers borrow at record levels as car prices surge – Experian Read More »
By Sonali Paul MELBOURNE (Reuters) – Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carbon emissions by 2050, modelling released on Thursday showed. The Net Zero Australia project found the country will need about 40 times …
Massive renewable energy needed to power Australia to net zero economy by 2050 – study Read More »
BERLIN (Reuters) -The German economy grew in the second quarter, propped up by household and government spending and beating analyst expectations that saw it on the edge of a downturn, data showed on Thursday. Europe’s largest economy grew by 0.1% quarter on quarter and 1.7% on the year, adjusted for price and calendar effects, the …
German economy beats expectations with 0.1% growth in Q2 Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan must maintain massive monetary stimulus and its dovish policy guidance until wages show clearer signs of increasing, one of its board members said, reinforcing the central bank’s outlier status in a global wave of monetary tightening. Board member Toyoaki Nakamura also ruled out the chance of …
BOJ policymaker vows to keep ultra-low rates, dovish guidance Read More »
