New bill in Trenton could send utility bills soaring even higher, lawmaker warns
TRENTON, N.J. — The New Jersey Senate Environment and Energy Committee has advanced Senate Bill No. 249, which would require electric utilities to create and implement plans to electrify building systems and…
Swedish consumer, business sentiment inches higher in February
STOCKHOLM (Reuters) – Sentiment among households and businesses inched higher in Sweden in February, with house-builders and retailers bucking the trend, data from the NIER think tank showed on Friday. Consumer confidence…
Euro zone inflation marginally higher in Jan; core also lifted
FRANKFURT (Reuters) – Euro zone inflation was only a touch higher in January than earlier estimated, Eurostat said on Thursday, confirming that price growth is now well past its peak, even if…
Pirelli sees scope for higher 2023 revenues after strong results
(Reuters) – Italian tyremaker Pirelli said on Wednesday it expects revenues this year of some 6.6-6.8 billion euros, at least in line with the better-than-expected figure for 2022. Revenues at the group…
Indonesia plans to narrow 2024 fiscal deficit, sees higher GDP growth
JAKARTA (Reuters) – Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, senior officials said on Monday, as President…
Russia’s central bank says falling rouble driving inflation higher
(Reuters) – Russia’s central bank said on Friday that inflationary pressures across the economy had remained strong during the first two weeks of February, citing a slump in the rouble as a…
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its…
S. Africa’s Sasol expects HY profit to double on higher oil price
(Reuters) – South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational challenges in its domestic unit. Sasol expects…
Turkey inflation higher than expected at nearly 58%
ISTANBUL (Reuters) – Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on…
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine off strong…
Nation’s Highest-Paid Teachers Are Shutting Down Schools To Demand Higher Pay
Nation’s Highest-Paid Teachers Are Shutting Down Schools To Demand Higher Pay Reagan Reese on January 31, 2023 Teachers of a Massachusetts school district are striking for a second day over higher pay,…
Biden Poses In Electric Car That Has A Higher Carbon Footprint Than A Gas-Powered SUV
Biden Poses In Electric Car That Has A Higher Carbon Footprint Than A Gas-Powered SUV John Hugh DeMastri on January 31, 2023 President Joe Biden took to Twitter Monday to promote his…
Imperial Oil CEO optimistic Alberta gov’t will add to carbon capture funding
By Nia Williams and Arshreet Singh (Reuters) -The chief executive of Canada’s Imperial Oil on Tuesday expressed optimism that the Alberta government will contribute funding for carbon capture and storage (CCS) in…
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening market. Higher prices have helped U.S. homebuilders…
Euro zone lending growth tumbles as higher rates bite
FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as rising interest rates and a possible recession…
Increased Illicit Border Crossings Carry Higher Risk in Winter Months
SWANTON, Vt. – Between October 1, 2022, and December 31, 2022, U.S. Border Patrol’s Swanton Sector recorded an approximate 743% increase in apprehensions and encounters compared to the same period the year prior.…
Norfolk Southern misses quarterly profit estimates on higher operating expenses
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel prices. The U.S. railroad industry has faced…
Defense firms set to post higher sales, McCarthy’s election clouds outlook
By Nathan Gomes (Reuters) – Defense companies are expected to post higher fourth-quarter sales, according to analysts, bolstered by easing supply chain bottlenecks and increased defense outlays as the Pentagon and its…
Musk says higher priced Twitter subscription won’t carry ads
(Reuters) – Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent…
IKEA sees higher demand in Europe driven by home furnishings – CEO
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current fiscal year, driven by…
Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. central bank’s interest-rate hikes so as to…
Britain’s financial services exports tick higher, U.S. top customer
By Huw Jones LONDON (Reuters) – Britain’s trade surplus in financial and related professional services edged up in 2021 as the United States cemented its position as the top customer, while the…
Spain’s 2023 tourism revenue seen 5% higher than before pandemic
MADRID (Reuters) – Revenue from tourism companies in Spain is likely to be 4.7% higher this year than in 2019, before the COVID-19 pandemic ravaged the sector, industry group Exceltur said on…
For more than a million in New Jersey, new year means higher auto insurance premiums
Over one million registered New Jersey drivers will see their insurance rates go up this month after a state law that increases the minimum liability coverage took effect on January 1st. In…
TSX futures edge higher as investors eye China reopening
(Reuters) – Futures for Canada’s main stock index edged up on Wednesday as investors returned from a long holiday weekend to global optimism over China moving towards reopening its economy. Futures on…
Japanese shares end higher on Wall Street gains, financials weigh
TOKYO (Reuters) – Japanese shares ended higher on Monday, underpinned by Wall Street’s strength in the previous session, with heavyweight technology and energy stocks leading the gains, while a drop in banks…
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