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…
Fed’s Evans sees slower rate hike pace, “slightly higher” peak rate
By Bianca Flowers (Reuters) – The Federal Reserve will likely need to raise borrowing costs to a “slightly higher” peak than envisioned in forecasts from September, Chicago Federal Reserve Bank President Charles…
TD Bank quarterly profit jumps on higher rates boost
(Reuters) -Canada’s TD Bank posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting and capital…
National Bank of Canada quarterly profit falls on higher expenses, provisions
(Reuters) – National Bank of Canada posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an economic downturn. The company recorded $87…
Fed’s Barkin sees slower rate hikes, for longer, maybe higher
(Reuters) – Richmond Federal Reserve Bank President Thomas Barkin on Monday said he supports moving to smaller interest-rate hikes in the central bank’s fight to bring down too-high inflation. “I’m very supportive…
German finance minister expects higher debt burden but no tax rises
BERLIN (Reuters) – Germany’s Finance Minister Christian Lindner said on Monday he expects the country’s debt to GDP ratio to climb to around 70% after the energy crisis but said the government…
Indian banks’ loan growth to accelerate despite higher interest rates -Fitch
BENGALURU (Reuters) – Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull,…
BOJ’s Kuroda gets meagre pay bump even as he stresses need for higher wages
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda will receive a meagre 0.4% pay rise in 2022 after two years of cuts, the central bank said on Friday, even as he…
UK factory gate inflation higher than thought after ONS finds error
LONDON (Reuters) – Britain’s Office for National Statistics on Friday revised up its producer price inflation figures because of an error, meaning factory gate inflation this year has been higher than thought…
Zara workers in Spain start protests to demand higher pay
By Corina Pons MADRID (Reuters) – Dozens of Zara shop assistants protested in Madrid on Thursday outside the global fashion giant’s largest store to demand higher pay, and some workers in its…
Mexico core inflation higher than expected in early Nov, rate hikes to continue
By Gabriel Araujo MEXICO CITY (Reuters) – Mexico’s annual consumer prices slowed more than expected during the first half of November, but the core inflation index – which remains a main concern…
Fed’s George: Could take higher interest rates for longer to encourage saving
(Reuters) – The Federal Reserve may need to raise interest rates to a higher level and hold them there for longer in order to successfully moderate consumer demand and bring down high…
Buildings damaged but no tsunami warning for Solomon Islands after 7.0 earthquake
By Kirsty Needham SYDNEY (Reuters) -Authorities in the Solomon Islands said no tsunami warning would be issued after two powerful earthquakes struck on Tuesday, damaging Australia’s embassy, the airport and shopping malls…
Dell quarterly profit jumps on higher server demand, lower costs
(Reuters) – Dell Technologies Inc posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped…
Brazil central bank postpones higher capital requirements for fintechs to July 2023
BRASILIA (Reuters) – Brazil’s central bank on Friday announced the postponement of higher capital requirements for fintechs to July 2023, after establishing tougher rules for payment institutions based on their size and…
Fed to lift rates by 50 basis points, but peak policy rate may be higher: Reuters Poll
By Prerana Bhat BENGALURU (Reuters) – The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike, but economists polled by Reuters say a longer period of U.S. central…
Nearly 50,000 California University Employees Strike, Demanding Higher Pay
Nearly 50,000 California University Employees Strike, Demanding Higher Pay Reagan Reese on November 15, 2022 Thousands of campus employees walked off the job to strike on Monday at several California universities, according to…
Mr Kipling maker Premier Foods posts higher half-year adjusted profit
(Reuters) – Premier Foods reported a rise in half-yearly adjusted profit on Wednesday on strong demand for its cakes and grocery products, while flagging further price pressures amid surging inflation. “We continue…
Uruguay’s dLocal posts higher quarterly profit as platform grows
(Reuters) – Uruguayan payments firm dLocal posted a higher third-quarter net profit compared with last year as payment volumes on its platform jumped, the company said in a statement on Monday. Profit…
Home Depot, Lowe’s to see higher sales as owners remodel amid rising rates
By Deborah Mary Sophia (Reuters) – Home Depot Inc and Lowe’s Cos Inc are likely to report rising sales in the third quarter as Americans continue to spend on home improvements in…
Brazil’s Cosan swings to loss on higher debt costs
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 year, as the group paid higher interest…
Brazil’s Rumo profit soars on higher volumes, tariffs
SAO PAULO (Reuters) – Brazilian railroad operator Rumo SA reported on Thursday a six-fold jump in third-quarter profit, benefiting mainly from higher agribusiness cargo volumes in Brazil’s Midwest plus higher tariffs. Rumo’s…
Brazil’s Magazine Luiza swings to loss, hit by higher borrowing costs
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 straight quarterly loss as its bottom line…
Wall Street ends sharply higher on sign of cooling inflation
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October…
European shares open higher as luxury, mining stocks jump on China reopening hopes
(Reuters) – European shares opened higher on Friday, with luxury stocks and miners leading the advance on hopes that China will soon ease its strict COVID-19 curbs. The STOXX 600 rose 0.7%…
Marketmind: Slower, higher, longer
A look at the day ahead in U.S. and global markets from Mike Dolan. If markets thought a Fed ‘pivot’ might signal an end or even a pause to the U.S. central…
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