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Costs

Germany falls to bottom rung of investment ranking on energy costs, labour shortage

January 15, 2023
Germany falls to bottom rung of investment ranking on energy costs, labour shortage - photo licensed by shore news network.

(Reuters) – Germany’s attractiveness as an investment location has fallen four places to 18th of 21 in a ranking of industrial economies by economic research …

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Greek economy to slow in 2023 as energy costs, Ukraine war hit spending -OECD

January 10, 2023January 10, 2023
Greek economy to slow in 2023 as energy costs, ukraine war hit spending -oecd - photo licensed by shore news network.

ATHENS (Reuters) -Greece’s economic growth is likely to slow to just 1.1% this year from a 5.1% clip in 2022 as soaring energy costs and …

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McDonald’s Japan hikes prices for 3rd time in 10 months on surging costs

January 6, 2023
Mcdonald's japan hikes prices for 3rd time in 10 months on surging costs - photo licensed by shore news network.

By Rocky Swift TOKYO (Reuters) – The Japanese operator of McDonald’s restaurants announced its third price hike in less than a year on Friday in …

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Tesla, EV rivals absorb costs after China pulls plug on subsidy

January 5, 2023January 5, 2023
Tesla, ev rivals absorb costs after china pulls plug on subsidy - photo licensed by shore news network.

SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to …

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Carnival Corp posts smaller loss as it tightens control on costs

December 21, 2022December 21, 2022
Carnival corp posts smaller loss as it tightens control on costs - photo licensed by shore news network.

(Reuters) -Carnival Corp on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating costs, sending its shares up …

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Dutch inflation to stick around 5% as energy costs bite – central bank

December 19, 2022
Dutch inflation to stick around 5% as energy costs bite - central bank - photo licensed by shore news network.

AMSTERDAM (Reuters) – Inflation in the Netherlands is set to remain at a relatively high level of around 5% in the next two years as …

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Google Ad Manager outage costs big websites ad sales

December 9, 2022December 9, 2022
Google ad manager outage costs big websites ad sales - photo licensed by shore news network.

By Paresh Dave OAKLAND, Calif. (Reuters) – A Google service relied upon by many large websites to sell and display ads was down for about …

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Marketmind: Bonds lap up crude, costs and Canada

December 8, 2022
Marketmind: bonds lap up crude, costs and canada - photo licensed by shore news network.

A look at the day ahead in U.S. and global markets from Mike Dolan. The big consensus bet of 2023 is already in full swing …

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Swedbank sees income growth outpacing costs as eyes set on ROE boost

December 6, 2022
Swedbank sees income growth outpacing costs as eyes set on roe boost - photo licensed by shore news network.

STOCKHOLM (Reuters) – Swedbank said on Tuesday it would grow average annual income by 3 percentage points more than costs as it looked to boost …

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‘Endemic Level Of Deception’: Most Colleges ‘Understate’ Tuition Costs When Offering Students Financial Aid

December 6, 2022

‘Endemic Level Of Deception’: Most Colleges ‘Understate’ Tuition Costs When Offering Students Financial Aid Alexa Schwerha on December 5, 2022 A significant chunk of colleges …

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Strong sugar prices help Tereos offset high production costs

December 6, 2022
Strong sugar prices help tereos offset high production costs - photo licensed by shore news network.

PARIS (Reuters) -French sugar group Tereos reported strong first-half results on Tuesday, including a net profit and a sharp rise in earnings, as high sugar …

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Swedish prices have not risen more than motivated by costs, think tank says

December 6, 2022
Swedish prices have not risen more than motivated by costs, think tank says - photo licensed by shore news network.

STOCKHOLM (Reuters) – Swedish companies have not raised consumer prices by more than is motivated by the growing costs they face, a report published by …

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Critical to ‘front-load’ aid to Ukraine as costs rise – IMF’s Georgieva

December 1, 2022
Critical to 'front-load' aid to ukraine as costs rise - imf's georgieva - photo licensed by shore news network.

By Andrea Shalal NEW YORK (Reuters) – Damage from Russian attacks on Ukraine’s infrastructure are increasing the amount of aid the country needs “front-loaded” ahead …

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Salvation Army sees increase in need as New Jerseyans battle inflation, rising food costs

December 1, 2022
Volunteers with the traditional red kettle and bell are a common sight in new jersey during the christmas season.

In what has become a holiday tradition, the Salvation Army has officially kicked off its annual Red Kettle fundraising campaign across New Jersey – and is issuing a …

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India’s first private rocket company looks to slash satellite costs

November 26, 2022
India's first private rocket company looks to slash satellite costs - photo licensed by shore news network.

By Nivedita Bhattacharjee BENGALURU (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects …

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Dell quarterly profit jumps on higher server demand, lower costs

November 21, 2022November 21, 2022
Dell quarterly profit jumps on higher server demand, lower costs - photo licensed by shore news network.

(Reuters) – Dell Technologies Inc posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak …

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Nigeria’s debt service costs to remain elevated in medium term -Fitch

November 15, 2022November 15, 2022
Nigeria's debt service costs to remain elevated in medium term -fitch - photo licensed by shore news network.

By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability …

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Colombia’s Grupo Argos Q3 net profit drops 9.2% after jump in costs

November 14, 2022
Colombia's grupo argos q3 net profit drops 9. 2% after jump in costs - photo licensed by shore news network.

MEXICO CITY (Reuters) – Colombian industrial conglomerate Grupo Argos’ third-quarter net profit fell 9.2% from a year earlier, the company said Monday, following a jump …

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Colombia’s Grupo SURA posts near-stable Q3 profit as revenues, costs grow

November 11, 2022November 11, 2022
Colombia's grupo sura posts near-stable q3 profit as revenues, costs grow - photo licensed by shore news network.

(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both …

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Brazil’s Cosan swings to loss on higher debt costs

November 11, 2022
Brazil's cosan swings to loss on higher debt costs - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian conglomerate Cosan SA reported a third-quarter net loss on Friday, swinging from a big profit in the same period last …

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Pfizer’s India arm posts profit jump on lower costs, price hikes

November 11, 2022November 11, 2022
Pfizer's india arm posts profit jump on lower costs, price hikes - photo licensed by shore news network.

BENGALURU – Pfizer Ltd, the Indian arm of U.S. pharma giant Pfizer Inc, reported a rise in second-quarter profit on Friday, boosted by price hikes …

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Germany faces 10 billion euro rise in interest costs – committee document

November 11, 2022
Germany faces 10 billion euro rise in interest costs - committee document - photo licensed by shore news network.

BERLIN (Reuters) – The rising cost of borrowing and high inflation mean Germany’s federal government faces some 10 billion euros ($10.25 billion) more in interest …

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Brazil’s Magazine Luiza swings to loss, hit by higher borrowing costs

November 10, 2022

SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza SA reported on Thursday an adjusted net loss of 146 million reais ($27.4 million), the company’s fourth …

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Fetterman’s Stroke Costs Him 7 Points In The Polls

November 3, 2022November 3, 2022
Fetterman’s stroke costs him 7 points in the polls - photo licensed by shore news network.

Fetterman’s Stroke Costs Him 7 Points In The Polls Arjun Singh on November 3, 2022 Democratic Lt. Gov. John Fetterman of Pennsylvania, who is running …

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Italy plans at least 15 billion euro package to tame energy costs in 2023 budget -sources

November 3, 2022
Italy plans at least 15 billion euro package to tame energy costs in 2023 budget -sources - photo licensed by shore news network.

By Giuseppe Fonte ROME (Reuters) – Italy plans to set aside at least 15 billion euros ($14.6 billion) in its 2023 budget to soften the …

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Inter IKEA posts 45% profit fall on costs, Russia

November 3, 2022November 3, 2022
Inter ikea posts 45% profit fall on costs, russia - photo licensed by shore news network.

STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) …

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BNP Paribas profit tops forecast despite higher costs, debt markdown

November 3, 2022
Bnp paribas profit tops forecast despite higher costs, debt markdown - photo licensed by shore news network.

PARIS (Reuters) – BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with trading revenues helping …

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Insurer AIG profit slumps on hurricane costs, lower investment returns

November 1, 2022
Insurer aig profit slumps on hurricane costs, lower investment returns - photo licensed by shore news network.

(Reuters) – Insurer American International Group Inc on Tuesday reported a more than 39% decline in quarterly profit as investment income fell by more than …

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SAS secures deals with two more lessors to cut aircraft costs

November 1, 2022
Sas secures deals with two more lessors to cut aircraft costs - photo licensed by shore news network.

OSLO (Reuters) – Crisis-hit airline SAS said on Tuesday it had reached agreements with two more lessors representing seven aircraft in the company’s fleet to …

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Pakistan’s Oct CPI accelerates to 26.6% y/y on food and fuel costs  

November 1, 2022
Pakistan's oct cpi accelerates to 26. 6% y/y on food and fuel costs   - photo licensed by shore news network.

KARACHI, Pakistan (Reuters) – Pakistan’s consumer inflation accelerated in October to 26.6% from a year earlier, the statistics bureau said on Tuesday, with prices showing …

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Biden to ask Congress to act if oil cos don’t lower costs, White House says

October 31, 2022October 31, 2022
Biden to ask congress to act if oil cos don't lower costs, white house says - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. President Joe Biden on Monday will call on oil and gas companies to invest some of their record profits in lowering …

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Germany’s Defense Pledges Are Uncertain As Costs Of War Bite, Experts Say

October 30, 2022
Germany’s defense pledges are uncertain as costs of war bite, experts say - photo licensed by shore news network.

Germany’s Defense Pledges Are Uncertain As Costs Of War Bite, Experts Say Micaela Burrow on October 30, 2022 Germany has become the fourth largest military …

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Mexico’s FEMSA posts drop in Q3 earnings on increased costs

October 28, 2022
Mexico's femsa posts drop in q3 earnings on increased costs - photo licensed by shore news network.

By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican bottler and retailer Femsa posted a drop in third-quarter net profit on Friday to …

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U.S. labor costs solid in Q3; private wage growth slowing

October 28, 2022
U. S. Labor costs solid in q3; private wage growth slowing - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. labor costs increased solidly in the third quarter, but private sector wage growth slowed considerably, suggesting inflation had either peaked or …

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Energy costs push Germany flash PMI to 29-month low – S&P Global

October 24, 2022October 24, 2022
Energy costs push germany flash pmi to 29-month low - s&p global - photo licensed by shore news network.

BERLIN (Reuters) – Germany’s economic downturn deepened in October, the flash S&P Global composite purchasing managers’ index showed on Monday as its reading fell to …

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Restaurants, Reduce Your Costs on a Variety of Services With One Click

October 22, 2022
Restaurants, reduce your costs on a variety of services with one click - photo licensed by shore news network.

  (-)  Receive competitive quotes for some of your most costly business functions without speaking to a herd of salespeople. Our partners in payroll, credit …

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Mexican craft beer to gain ground despite soaring costs, says trade group

October 21, 2022
Mexican craft beer to gain ground despite soaring costs, says trade group - photo licensed by shore news network.

MEXICO CITY (Reuters) – Mexico’s craft beer industry should grow by over 10% this year, the country’s brewing association ACERMEX said on Friday, even as …

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African banks increasingly worried about funding costs, survey shows

October 19, 2022

By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published on Wednesday found, …

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Lyft hikes service fee for rides as insurance costs rise

October 17, 2022
Lyft hikes service fee for rides as insurance costs rise - photo licensed by shore news network.

By Nivedita Balu (Reuters) – Lyft Inc is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, …

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Living costs top worry for Israeli voters stuck in election treadmill

October 13, 2022October 13, 2022
Living costs top worry for israeli voters stuck in election treadmill - photo licensed by shore news network.

By Steven Scheer and Maayan Lubell MODIIN, Israel (Reuters) – Israelis are as fed-up with soaring prices as they are with the country’s seemingly never …

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Credit Suisse debt insurance costs rise, bonds ease after tax probe report

October 12, 2022October 12, 2022
Credit suisse debt insurance costs rise, bonds ease after tax probe report - photo licensed by shore news network.

LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports …

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Consumer prices in Brazil down for the third month on lower fuel costs

October 11, 2022
Consumer prices in brazil down for the third month on lower fuel costs - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazil’s consumer prices were in deflationary territory for the third month in a row in September, data from government statistics agency …

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UK house prices fall again as higher borrowing costs weigh-Halifax

October 7, 2022
Uk house prices fall again as higher borrowing costs weigh-halifax - photo licensed by shore news network.

LONDON (Reuters) – British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely …

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Thanks for nothing; Thanksgiving dinner costs up 17% over 2021 record-breaking high

October 6, 2022
Thanks for nothing; thanksgiving dinner costs up 17% over 2021 record-breaking high - photo licensed by shore news network.

Food prices in America are continuing to climb, and those price hikes are going to hit the pockets of Americans when it comes to celebrating …

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SAS tweaks leases for 36 aircraft to cut costs

October 5, 2022October 5, 2022
Sas tweaks leases for 36 aircraft to cut costs - photo licensed by shore news network.

STOCKHOLM (Reuters) -Crisis-hit airline SAS said on Wednesday it had reached agreements with 10 of its lessors representing 36 aircraft to amend the terms of …

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Disconnected from reality, Pelosi touts lower costs, bigger paychecks, and safer communities

October 4, 2022
Disconnected from reality, pelosi touts lower costs, bigger paychecks, and safer communities - photo licensed by shore news network.

During a weekly press conference, Speaker of the House Nancy Pelosi touted the Democrat controlled Congress’ achievements during the recent legislative session. Pelosi credited her …

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Colombia central bank hikes borrowing costs to 10%, raises 2022 GDP estimate

September 29, 2022September 29, 2022
Colombia central bank hikes borrowing costs to 10%, raises 2022 gdp estimate - photo licensed by shore news network.

By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on …

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British pub group Mitchells & Butlers warns on costs, shares drop

September 29, 2022
British pub group mitchells & butlers warns on costs, shares drop - photo licensed by shore news network.

(Reuters) – Mitchells & Butlers warned of tighter margins in its new financial year as costs rise, driving shares in the British pub operator to …

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Soaring power costs leave Slovakia economy at risk of collapse, PM tells FT

September 28, 2022
Soaring power costs leave slovakia economy at risk of collapse, pm tells ft - photo licensed by shore news network.

(Reuters) – Slovakia’s Prime Minister Eduard Heger said that soaring electricity costs had left the country’s economy at risk of “collapse”, the Financial Times reported …

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Biden urges companies to lower costs for consumers

September 26, 2022
Biden urges companies to lower costs for consumers - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping …

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