MEXICO CITY (Reuters) – Mexico will raise the minimum wage by 20% next year after employers, labor representatives and the…
Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
BERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking…
Marketmind: Why payrolls might not matter to markets
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s payrolls Friday, yet the most…
German exports fall more than expected as demand cools in Europe, U.S
BERLIN (Reuters) – German exports fell more than expected in October, as high inflation and supply chain snags hit demand…
Exclusive-China’s top banks to issue offshore loans to help developers repay debt -sources
By Julie Zhu, Engen Tham and Jing Xu HONG KONG/SHANGHAI/BEIJING (Reuters) -China has ordered its top four state-owned banks to…
Analysis-As economy stutters, China’s youth seek safety of civil service
By Eduardo Baptista BEIJING (Reuters) – As a physics student at the elite Peking University in Beijing, Lynn Lau was…
ECB’s Lagarde warns some fiscal policies in Europe could fuel excess demand
BANGKOK (Reuters) – European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead…
Huawei CFO’s U.S. bank fraud charges to be dismissed
By Karen Freifeld (Reuters) – U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against…
World Bank chief says poorest countries owe $62 billion on bilateral debt
By David Lawder WASHINGTON (Reuters) -The world’s poorest countries now owe $62 billion in annual debt service to official bilateral…
IMF’s Georgieva to press for quicker action on debt relief with China
By Andrea Shalal NEW YORK (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that she will travel…