By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting despite high inflation sent the …
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Abu Dhabi’s Etihad lines up order for seven Airbus A350 cargo planes
by Reutersby ReutersDUBAI -Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value of …
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-SeaWorld Entertainment Inc said on Tuesday amusement park operator Cedar Fair LP has rejected the company’s takeover offer and it does not see a path to a transaction now. The …
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New bill could allow retired bus drivers to easily get back behind the wheel to address shortage
by Your Newsby Your Newsby Bethanne McCarthy Patrick TRENTON, N.J. – As schools struggle to find bus drivers who can safely transport kids and custodians who can sanitize classrooms, Assemblywoman Bethanne McCarthy Patrick eyes an …
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Analysis – Erdogan’s plan to steer Turkish economy out of winter of crisis
by Reutersby ReutersBy Jonathan Spicer and Nevzat Devranoglu ANKARA – President Tayyip Erdogan’s government is hoping that Turks will endure soaring living costs for just a few more months before inflation begins …
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Phil Murphy’s own hometown strikes back, Middletown denounces Governor’s emergency powers
by Phil Stiltonby Phil StiltonMIDDLETOWN, NJ – Tucked away in a corner of Middletown is Governor Murphy’s vast carbon footprint of an estate. His 6 acre Edwardian Era mansion boasts 7,000 square feet and …
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Financial News
U.S. crude stockpiles rise despite Cushing draw, record fuel demand – EIA
by Reutersby Reuters-U.S. crude oil stockpiles rose unexpectedly last week, even as inventories at the key Cushing hub dropped to their lowest level since 2018, the Energy Information Administration said on Wednesday. …
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Ecuador says mining exports nearly doubled in value in 2021 to $2 billion
by Reutersby ReutersBy Alexandra Valencia QUITO – Ecuador’s mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the Ministry of Energy said on …
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Governments to see biggest inflation-driven drop in debt ratios in over 20 years – Fitch
by Reutersby ReutersLONDON – Governments will benefit from the biggest inflation-driven drop in debt ratios in over 20 years, credit rating firm Fitch said on Wednesday, estimating it will slice around 5 …
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Business NewsFinancial NewsFood & Dining
Kraft Heinz plans more price hikes as sales, earnings beat estimates
by Reutersby ReutersBy Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw …
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CVC, Brookfield among bidders for stake in Starbucks Mideast franchise – sources
by Reutersby ReutersDUBAI – Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia …
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By Patturaja Murugaboopathy – Global non-financial companies have issued the lowest debt volumes in three years in the first six weeks of 2022, deterred by rising interest rates as governments …
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WASHINGTON – U.S. business inventories increased strongly in December, with motor vehicle stocks accelerating, a sign that the worst of the global semiconductor shortage was probably behind. Business inventories increased …
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WASHINGTON – Toyota Motor Corp said Wednesday it has resumed normal production at six plants in Ontario and the United States after protests by Canadian truck drivers prompted supply problems. …
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Financial News
US biofuel industry defends record as Biden administration mulls policy reform
by Reutersby Reuters– Backers of the U.S. biofuel industry told lawmakers on Wednesday that the nation’s renewable fuel mandates are good for farmers, national security and the environment, defending the controversial program’s …
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By Tim Hepher PARIS – Airbus has launched a review of its defence strategy that could open the door to more strategic partnerships as Europe’s arms makers juggle security threats …
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Canadian inflation hits fresh 30-year high in January, rate hikes loom
by Reutersby ReutersBy Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to …
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SoftBank mulls $8 billion margin loan as part of Arm IPO – Bloomberg News
by Reutersby Reuters-SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on …
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G20 finance chiefs to discuss Ukraine this week – German official
by Reutersby ReutersBERLIN – Finance chiefs from the Group of 20 leading economies will discuss the Ukraine crisis this week but it is unclear whether they will issue a joint statement with …
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Financial News
Bank of America’s CEO says consumer spending levels continue to grow
by Reutersby ReutersBy Elizabeth Dilts Marshall NEW YORK -Bank of America Chief Executive Brian Moynihan said on Tuesday that consumer spending has continued to grow so far in February, indicating that the …
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IMF sees inflation as ‘significant risk,’ but eyes gradual moderation in rising prices
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains a “significant risk,” but rising …
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Business NewsUS and World News
Construction industry groups oppose Biden’s executive order in letter to White House
by Reutersby ReutersWASHINGTON – Sixteen groups representing the U.S. construction industry sent a letter to the White House opposing a recent executive order signed by President Joe Biden requiring “project labor agreements” …
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Financial News
Ivory Coast to announce $20 million cashew sector aid plan -source
by Reutersby ReutersBy Ange Aboa ABIDJAN – Ivory Coast plans to commit more than $20 million to helping cashew processors struggling against competition from Asia and to boost the percentage of the …
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By Fergal Smith TORONTO – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January. Canada’s …
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WASHINGTON – Production at U.S. factories increased moderately in January as motor vehicle output fell for a second straight month amid an ongoing global shortage of semiconductors. Manufacturing output gained …