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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…
BNP Paribas profit tops forecast despite higher costs, debt markdown
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 offset rising costs and markdowns on some…
Australian grocer Woolworths quarterly sales rise 1.8% on higher prices
(Reuters) – Australian grocer Woolworths Group reported a 1.8% rise in first-quarter sales on Thursday, helped by higher product prices. Total group sales for the country’s biggest supermarket chain came in at…
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair Jerome Powell said on Wednesday. In remarks at a press conference after…
Saudi Aramco Q3 net income jumps 39% on higher crude prices
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that beat analysts’ forecasts, boosted by higher crude…
Saudi Q3 GDP grows 8.6%, boosted by higher oil prices
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on Monday,…
Mexico’s TV Azteca Q3 net profit falls 96% on higher taxes and expenses
MEXICO CITY (Reuters) – Mexico’s TV Azteca posted a 96% annual fall in its third-quarter net profit on Tuesday, hurt largely by higher income taxes, according to a financial filing. TV Azteca,…
New Restaurant Openings Higher Than Pre-COVID. Are You Getting Your Sales Staff in Ahead of Your Competitors?
Click on the map above to see how Flhip.com can get you in the door first ahead of your competitors (-) Flhip.com has released its latest restaurant openings report, providing restaurant vendors…
Global coffee market favoring higher quality, not higher volumes
By Marcelo Teixeira NEW YORK (Reuters) – The global coffee market is going through a transformation trend that will involve higher quality and pricier coffees, but not higher overall traded volumes, as…
TomTom forecasts higher annual sales after Q3 beat
By Federica Mileo and Augustin Turpin (Reuters) – Dutch navigation and digital mapping company TomTom on Friday raised its 2022 outlook, as increased car production and higher location technology sales drove third-quarter…
Argentine executives expect already sky-high inflation to go higher
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s surging inflation will just keep rising, according to the vast majority of executives surveyed in a poll released on Thursday, even though consumer prices…
JPMorgan CEO warns higher inflation could push U.S. rates above 4.5%
(Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon on Thursday warned that persistent and elevated inflation could spur interest rates to rise higher than 4.5%, as he cautioned about the…
Ryanair CEO predicts higher fares on ‘surprisingly strong’ bookings
By Klaus Lauer BERLIN (Reuters) -Ryanair’s bookings for the autumn mid-term and Christmas holidays are ahead of pre-COVID levels and it sees average fares rising by more than expected for the financial…
Saudi inflation rises to 3.1% in Sept on higher food prices
DUBAI (Reuters) – Saudi Arabia’s inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the General Authority for Statistics said on Thursday.…
Biden’s October Surprise Is Even Higher Gas Prices, Experts Say
Biden’s October Surprise Is Even Higher Gas Prices, Experts Say Jack McEvoy on October 11, 2022 National gasoline prices will rise to over $4 a gallon due to growing fuel demand…
CN Rail, union conclude arbitration; some workers to get higher pay
(Reuters) – Canadian National Railway Co said on Tuesday it had reached an agreement with labour union International Brotherhood of Electrical Workers over a new contract covering about 750 signals and communications…
Robert Walters reports higher quarterly profit
(Reuters) – British recruitment firm Robert Walters on Tuesday reported a jump in its quarterly gross profit, supported by robust hiring as competition heats up to fill vacancies. The company, which specialises…
Czech cenbank chief: higher budget gaps would hamper inflation fight
PRAGUE (Reuters) – The Czech government running higher state budget deficits would hamper the central bank’s efforts to tame inflation, Governor Ales Michl wrote on Monday. The Czech government plans to run…
UK house prices fall again as higher borrowing costs weigh-Halifax
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 to exert “more significant downward pressure” soon,…
Irish central bank sees lower economic growth, higher inflation next year
DUBLIN (Reuters) – Ireland’s central bank pushed up its 2023 inflation projections and revised down its forecast for economic growth for the third quarter in row, but expects the drag on disposable…
Chemical maker Sika sets higher sales goal for 2023, hikes 2022 outlook
By John Revill ZURICH (Reuters) -Sika expects to increase its sales between 15% and 18% next year, the Swiss company said on Tuesday, after raising its 2022 outlook and putting a chunk…
Drivers in Germany face higher insurance premiums – industry executive
MUNICH (Reuters) – German drivers should brace for higher auto insurance premiums next year, following three years of price declines, an industry executive told Reuters. Higher insurance prices are the latest headache…
Online European tourism bookings so far in 2022 higher than pre-pandemic
(Reuters) – Short-term rental accommodation booked online in the European Union increased above 2019 levels each month from February 2022 onwards, the European Union’s statistic office said on Tuesday. Short-stays booked online…
OPEC, Russia Consider Sending Oil Prices Even Higher
OPEC, Russia Consider Sending Oil Prices Even Higher Jack McEvoy on October 3, 2022 The Organization of the Petroleum Exporting Countries (OPEC) and Russia are considering significantly cutting oil production which…
UK to reverse cut to higher rate income tax – BBC
LONDON (Reuters) – The British government is expected to reverse the proposed scrapping of the highest rate of income tax that has sparked a backlash in the governing Conservative Party, the BBC…
The Fed’s Favorite Inflation Indicator Just Spiked Even Higher
The Fed’s Favorite Inflation Indicator Just Spiked Even Higher John Hugh DeMastri on September 30, 2022 The core index of the Federal Reserve’s preferred measure of inflation went up in August,…
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