Paterson is a city in chaos, but it now has solar powered smart garbage bins complete with Mayor’s inscription
Smart trash cans – Paterson’s latest off-topic solution to a problem that is low on people’s minds Paterson, NJ — While residents in Paterson continue to face ongoing fears of future water…
China’s April coal output leaps 11% on year, but demand downturn looms
BEIJING – China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply,…
RBI to raise rates again in June but not clear by how much: Reuters poll
By Devayani Sathyan and Prerana Bhat BENGALURU – The Reserve Bank of India will follow its surprise May rate rise with another hike at its meeting next month, according to a majority…
Analysis: Leveraged loans hit turbulence, but investors still see long-term outperformance
By Davide Barbuscia NEW YORK – U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets…
Analysis-BOJ still a lone dove, but less so as global price pressures intensify
By Leika Kihara TOKYO – The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand, a sign global price pressures are prodding…
Bullard: April inflation ‘hot’ but does not see 75 bp Fed rate increase ‘for now’
(Reuters) – U.S. April inflation at 8.3% remained “hot” but does not yet require the Federal Reserve to switch to three-quarter point rate increases, St. Louis Fed President James Bullard said on…
China wants to take Taiwan peacefully but is preparing militarily -U.S. intelligence officials
WASHINGTON – China would prefer to take over neighboring Taiwan without military action but is working to get to a position where its military could prevail even if the United States intervenes,…
U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes – NY Fed
(Reuters) – U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise was the…
Bank of Israel still unsure on digital shekel but garners public support
By Steven Scheer JERUSALEM – Israel’s central bank said on Monday it had received public support for its plans to possibly issue a digital shekel on grounds it would help the economy…
Taiwan says ‘very difficult’ to get WHO invite, but trying hard
TAIPEI/BEIJING -It will be “very difficult” for Taiwan to get an invite to a major World Health Organization meeting this month, but efforts are continuing, Taiwan Foreign Minister Joseph Wu said on…
China oil imports rebound in April, but weak fuel demand weighs on refiners
By Chen Aizhu SINGAPORE – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in three months, although weakening fuel demand due…
Analysis-U.S. real rates up on hawkish Fed but inflation risk looms
By Davide Barbuscia NEW YORK – A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is succeeding in tightening some financial conditions, but…
EDF first-quarter sales jump but core profit outlook capped by outages
PARIS – French state-owned utility EDF’s first-quarter sales jumped 61% to 35.58 billion euros ($37.40 billion) on the back of higher power and gas prices but the firm was cautious about its…
New Jersey Senate Democrat Says Roe vs. Wade Decision a Nightmare, but We’re Ok in New Jersey
Trenton – Senate Majority Leader M. Teresa Ruiz said she woke up to a nightmare last night to find out that the U.S. Supreme Court is on the verge of overturning the…
Brazil’s industrial output rises in March but down over Q1
BRASILIA – Industrial production in Brazil rose in March, but ended the first quarter with a negative print, highlighting the challenges for the sector amid problems in global chains and a domestic…
The Toms River Bubble Has a New Name, But Will it Stick With Visitors?
TOMS RIVER, NJ – The Toms River Regional Schools’ Bennet Indoor Sports Complex has a new name, but will it stick? Selling the naming rights for buildings in the Toms River School…
Analysis-Iran nuclear deal near death, but West not ready to pull plug
By Arshad Mohammed, John Irish and Parisa Hafezi WASHINGTON/PARIS/DUBAI – Western officials have largely lost hope the Iran nuclear deal can be resurrected, sources familiar with the matter said, forcing them to…
Joe Biden Calls for Unity Between Parties, But Calls Trump a Horrible Plague
U.S. President Joe Biden was able to correctly read the words from his teleprompter without screwing them up, but it could have been because he was talking about his arch-nemesis. He wasn’t…
Australian banks’ margin woes linger but rate hikes may lift view
By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by growing competition, though the prospect of a…
New Jersey Politicians Targeting Cops, But No Other Professions for Exempting Legal Marijuana
TOMS RIVER, NJ – This week, the Toms River Township Council and Toms River Mayor Maurice Hill joined the chorus of New Jersey politicians taking aim only at police officers when it…
Biden Admin Says Oil Production Is At Historic Levels. But There’s One Problem
Biden Admin Says Oil Production Is At Historic Levels. But There’s One Problem Thomas Catenacci on April 29, 2022 Domestic crude oil production has sharply decreased for three consecutive months even as…
German economy grew slightly in Q1, but Ukraine impact growing
BERLIN -The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an increasing impact from the end of February,…
France’s Safran tackles impact of Ukraine war but confirms targets
PARIS – French aerospace group Safran warned of “significant impacts” from the war in Ukraine and from rising inflation, but confirmed full-year forecasts as it reported 22% growth in first-quarter revenue. The…
Easing energy costs curb Spanish April price rises but core inflation jumps
MADRID – Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March’s near 40-year high, preliminary data showed on Thursday, although core inflation, which strips out more volatile…
Sweden’s SEB, Handelsbanken beat forecasts but Ukraine, inflation cloud outlook
By Johan Ahlander and Niklas Pollard STOCKHOLM -Swedish banks SEB and Handelsbanken both delivered better-than-expected quarterly profit gains on Wednesday to send their shares higher even as the war in Ukraine and…
Europe’s Russian diesel imports drop, but still dominant
By Ron Bousso and Ahmad Ghaddar LONDON – European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments…
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