Sherrill joins Dem chorus blaming Trump and Ciattarelli for skyrocketing energy costs under Phil Murphy
NEWARK, N.J. — Democratic gubernatorial candidate Mikie Sherrill joined a growing list of New Jersey Democrats Thursday in blaming President Donald Trump and GOP candidate Jack Ciattarelli for the state’s rising utility…
Jif parent JM Smucker tops profit expectations on easing costs, higher prices
(Reuters) – J.M. Smucker, which owns Jif peanut butter and Dunkin’ pre-made coffee, beat second-quarter profit expectations on Tuesday, helped by higher product pricing and easing input costs. Shares of the Ohio-based…
Peru’s deadly gold mine attack highlights growing security risk, costs
By Marco Aquino LIMA (Reuters) – A dramatic and deadly attack on a gold mine in Peru on Saturday has thrown a spotlight on illegal miners and criminal gangs targeting mines, which…
India factory growth accelerated in November, input costs at 40-month low -PMI
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing growth accelerated last month after a recent blip, supported by robust demand, according to a private survey that also showed input costs rose at…
Colombia proposed health reform could push costs up by $234 million next year
BOGOTA (Reuters) – Colombia’s health sector could see costs grow by 929 billion pesos ($234.7 million) in 2024 if the government’s proposed health reform is approved by Congress, the finance ministry said…
VW struggling with S.Africa costs as group targets savings – executive
By Joe Bavier JOHANNESBURG (Reuters) – A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was “very worried” about the future of the company’s operations in South…
Turkey’s clothing makers face rising costs from push to help textile sector
By Ceyda Caglayan ISTANBUL (Reuters) – Turkish clothing manufacturers, the third-largest suppliers of apparel to Europe, face higher production costs and risk falling further behind their Asian rivals after the government hiked…
Disney sees higher costs to create content after Hollywood pay raises
(Reuters) – Walt Disney said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased costs to create content. The media conglomerate…
Fed’s Barr says tougher capital plan would have limited impact on borrowing costs
By Pete Schroeder NEW YORK (Reuters) – The Federal Reserve’s top bank watchdog defended its push to overhaul capital requirements, saying they would have a minimal impact on borrowing costs and make…
China asks some lenders to cap interbank financing costs – sources
SHANGHAI/BEIJING (Reuters) – China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the…
More peas please? Thanksgiving meal costs Americans less this year
By Howard Schneider WASHINGTON (Reuters) – With gas prices and airfares falling it will be cheaper for Americans to get to Grandma’s or wherever they celebrate Thanksgiving this year, and when they…
Domino’s Pizza Group flags drop in delivery orders amid higher living costs
(Reuters) -Domino’s Pizza Group on Thursday reported a fall in meal deliveries in the third quarter as customers cut back on ordering in as they grapple with higher living costs. Dominos Pizza…
Hapag Lloyd has cancelled services to control costs -CEO
FRANKFURT (Reuters) – The chief executive of Hapag-Lloyd, the world’s number five container line, on Thursday said the company has cut services on key global routes in order to rein in costs…
US Treasuries basis trades seen as less profitable as funding costs rise
By Davide Barbuscia NEW YORK (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond market in 2020 and has recently undergone regulators’ scrutiny…
Monster Beverage edges past profit expectations on higher pricing, cooling costs
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended…
Lower costs, FX boost Brazil’s Ambev net profit in Q3 as sales dip
By Natalia Siniawski (Reuters) – Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and favorable exchange…
Vietnam eyes first semiconductor plant, US officials warn of high costs
By Francesco Guarascio HANOI (Reuters) – Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two…
San Francisco Railroad Extension Costs A Whopping $4 Billion Per Mile
San Francisco Railroad Extension Costs A Whopping $4 Billion Per Mile Arjun Singh on October 27, 2023 The city of San Francisco is in the process of constructing a downtown-area railroad extension…
Volvo Cars Q3 profit jumps as costs fall
STOCKHOLM (Reuters) – Sweden-based automaker Volvo Cars reported a rise in third-quarter operating earnings on Thursday driven by strong volumes and lower costs for semiconductors and raw materials. Volvo Cars, majority-owned by…
Union contract costs, slack demand to pinch UPS profit
By Lisa Baertlein and Priyamvada C (Reuters) – Wall Street analysts expect United Parcel Service to report a sharp drop in third-quarter profit on Thursday as it absorbs significant costs from its…
Chile’s Cochilco says large-scale copper mining costs keep growing
SANTIAGO (Reuters) – The costs of large-scale copper mining in Chile kept rising due to lower production and rising service costs, a report from the state-run Chilean Copper Commission (Cochilco) said on…
Japan to extend until April 2024 subsidies to curb fuel costs – stimulus package draft
TOKYO (Reuters) – Japan’s government will extend until the end of April next year subsidies aimed at curbing fuel prices, according to a draft of the government’s economic stimulus package reviewed by…
Profits of US mid-sized banks likely to be squeezed by higher funding costs
By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, a move that could crimp margins…
Alaska Air cuts profit view as rising labor costs cast shadow
(Reuters) – Alaska Air Group cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees. Major U.S. airlines are already feeling the…
Factbox-Elon Musk on interest rates, uncertainty and Tesla’s costs
(Reuters) – Tesla CEO Elon Musk spent much of a call with analysts and investors on the electric car maker’s earnings discussing what he sees as the risks from high interest rates,…
KKR offered to take on extra costs, staff to sweeten TIM bid-sources
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR has strived to structure its offer for the fixed line of Telecom Italia (TIM) in a way that would help the phone group…
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