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Economic News
Japan’s inflation hits 40-year high as BOJ sticks to easy policy
By Tetsushi KajimotoTOKYO (Reuters) - Japan's core consumer inflation accelerated to a 40-year high in October, driven by currency…
Japan’s Oct wholesale prices rise 9.1% yr/yr
By Leika KiharaTOKYO (Reuters) -Japan's wholesale prices rose 9.1% in October from a year earlier, slowing from the previous month's…
Apple supplier Foxconn says working to resume China production as soon as possible
TAIPEI (Reuters) - Taiwan's Foxconn, Apple Inc (NASDAQ:AAPL)'s biggest iPhone maker, said on Monday it was working to resume full production…
India inflation likely hit five month high in Sept on food prices
(Corrects quote from Dharmakirti Joshi in Oct. 10 story to remove word unprecedented, no other change to text)By Arsh Tushar Mogre…
Pakistan contests Moody’s ratings downgrade, says can meet its obligations
KARACHI, Pakistan (Reuters) - Pakistan said on Friday it "strongly contests" a ratings downgrade by agency Moody's (NYSE:MCO), adding that…
U.S. investors brace for more wild market gyrations after dizzying Q3
By Saqib Iqbal Ahmed and Lewis KrauskopfNEW YORK (Reuters) - In a year of wild market swings, the third quarter of 2022 was a time when…
Euro zone economic sentiment falls sharply as inflation expectations rise
BRUSSELS (Reuters) - Euro zone economic sentiment fell sharply and by more than expected in September, data showed on Thursday, as…
U.S. bank CEOs grilled by Congress over economy, consumer protections, Russia ties
By Pete Schroeder and Lananh NguyenWASHINGTON (Reuters) -The chief executives of JPMorgan, Bank of America (NYSE:BAC), Citigroup…
China leaves lending benchmarks unchanged amid global rates squeeze
SHANGHAI (Reuters) - China kept its benchmark lending rates unchanged at a monthly fixing on Tuesday, as expected, as authorities appeared…
More worries for U.S. stocks, bonds: Fed ramps up ‘QT’
By David RandallNEW YORK (Reuters) - As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors…