By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank does not necessarily need to wait until inflation-adjusted wage growth turns positive before it ends ultra-loose monetary policy. “Real wages would likely have turned positive when a positive wage-inflation cycle kicks off,” Ueda…

The participants in Wednesday night’s Republican presidential debate offered proposals for addressing inflation, with Florida Gov. Ron DeSantis taking aim at the Federal Reserve and Sen. Tim Scott bringing up an oil pipeline blocked by the Biden administration. DeSantis said he would trash the executive orders and regulations tied to…

HONG KONG (Reuters) -Top executives at global asset managers on Wednesday talked up China at an event in Hong Kong on Wednesday, championing long-term investment opportunities in an economy battling to break free of pandemic disruption. While many multinational firms are working to spread risk away from China amid ongoing…

The third Republican presidential debate saw the five remaining major GOP contenders, once again sans Donald Trump, taking the stage in Miami to discuss foreign policy and the Israel-Gaza conflict, how inflation and the rising cost of living is pinching many Americans — and whether to ban TikTok.But let’s be honest:…

FRANKFURT (Reuters) – Rapid wage growth in the euro zone could keep inflation elevated longer and the European Central Bank should hold interest rates at or near record highs through next year to extinguish price pressures, the International Monetary Fund said on Wednesday. The ECB broke a streak of ten…

BEIJING (Reuters) -China is expected to hit its annual gross domestic product growth target this year, and the country must transform its growth model to pursue high-quality and sustainable expansion, the country’s central bank governor said on Wednesday. Growth momentum has improved recently with production and consumption recovering steadily and…

The October employment report showed a “gradual lessening” of the job market that would be welcome by those who want the Federal Reserve to stop raising interest rates, said Richmond Federal Reserve President Tom Barkin on Friday. “What we saw today was data that showed a gradual lessening of the…

LONDON (Reuters) – Sri Lanka and Argentina remain very vulnerable amid a worsening in global financial conditions while China has suffered a sharp deterioration in financial resilience since pre-COVID times, a think-tank study found on Wednesday. The resilience indicator, published by the Washington-based Center for Global Development, assesses which countries…

Households, businesses and banks are in pretty good financial health and don’t appear to pose a big threat to the U.S. economy, a senior Federal Reserve official said Monday. “In my view, our financial system is substantially more resilient than it was in the mid-2000s,” said Fed governor Lisa Cook…

In an effort to counteract persistent inflation, European central banks have swiftly increased borrowing costs. This move comes in response to the geopolitical event of Russia’s attack on Ukraine, which has had a significant impact on the region’s economy. The International Monetary Fund (IMF) predicts that these measures will lead…