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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…
RBA to hike rates by 50 bps in October, peak rate pushed higher – Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – Australia’s central bank will hike interest rates by another half-point on Tuesday and increase borrowing costs further than previously thought in its most aggressive tightening cycle…
Analysis-Goodbye, TINA: higher yields muddy outlook for struggling U.S. stocks
By Lewis Krauskopf NEW YORK (Reuters) – Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year. For years, investors could easily…
Column-Next solar expansion drive needs to hit higher potential markets: Maguire
By Gavin Maguire LITTLETON, Colo. (Reuters) – Solar power has outpaced wind power over the last five years in terms of global capacity additions, notching up a more than 200% increase in…
Australian home buyers could benefit from higher rates: RBA
SYDNEY (Reuters) – Australians looking to buy a new home could actually benefit from rising interest rates as they lower the price of housing enough to ultimately result in lower mortgage payments…
Wall Street’s ‘fear gauge’ creeps higher as stock sell-off deepens
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors’ anxiety about stock market turbulence is fast approaching levels associated with heightened fear as the S&P 500 looks set to wrap up its…
Lula’s lead over Bolsonaro edges higher ahead of Brazil election – Datafolha poll
RIO DE JANEIRO (Reuters) -Brazil’s presidential hopeful Luiz Inacio Lula da Silva leads incumbent Jair Bolsonaro by 12 points, a Thursday poll showed, while the far-right leader seeking reelection has lost the…
Polish PM flags higher minimum wage increases in 2023
WARSAW (Reuters) – Poland will raise the minimum wage twice next year and by more than previously planned, Prime Minister Mateusz Morawiecki said on Tuesday, as Poland’s ruling party prepares for parliamentary…
Bank of America CEO predicts income boost from higher rates
NEW YORK (Reuters) – Bank of America Corp expects a “big bump” in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday.…
Argentine soy farmers who hoard stock to face higher financing costs, central banks says
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine soy farmers who hold onto stock of more than 5% of their production will face an elevated financing cost above the normal benchmark rate,…
Thailand targets higher rice exports of 7.5 million tonnes this year
BANGKOK (Reuters) – Thailand is aiming for rice exports of 7.5 million tonnes this year, up from a previous target of 7 million tonnes, due to increased output and a weak baht…
New Canadian air rules risk higher costs, fares -airline group
MONTREAL (Reuters) – Canadian airlines face potentially higher costs as new rules that take effect on Thursday broaden passenger refund requirements to cases of cancelled or long-delayed flights outside of carriers’ control,…
Boom turns to gloom as higher interest rates hit New Zealand housing- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to fall 10% this year and 5% next as aggressive interest rate hikes take some heat out of a blazing…
ECB rates may need to go higher than neutral, Wunsch says
ALPBACH, Austria (Reuters) – The European Central Bank may need to raise interest rates to a level that starts to restrict economic activity or above what is considered the “neutral” rate, Belgian…
Russia needs higher share of rouble in international trade – PM
MOSCOW (Reuters) – Russia should increase the rouble’s share in international settlements and gradually move towards stopping using currencies of designated ‘unfriendly’ countries that imposed sanctions on Russia, Prime Minister Mikhail Mishustin…
Indonesia to see higher Q3 growth even with fuel price hike, minister says
JAKARTA (Reuters) – Indonesia’s economic growth this quarter is expected to be higher than the 5.44% rate in Q2, even with a potential fuel price hike, a senior cabinet minister said on…
Canada records April-June budget surplus of C$10.2 billion on higher tax revenues
By Ismail Shakil OTTAWA, Aug 26 (Reuters) – Canada recorded a C$10.20 billion ($7.89 billion) budget surplus for the first three months of the 2022/23 fiscal year helped by higher tax revenues,…
Toronto market seen higher in 2022, 2023 despite selloff fears: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index is expected to advance through the end of the year and then approach a record peak in 2023 as high commodity prices…
S&P 500 seen a little higher by end of 2022 -strategists
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will end the year a little above its current level after a recent rally that has lifted the index from its bear…
Aussie grocers to benefit from higher prices, rising costs a worry
By Riya Sharma and Savyata Mishra (Reuters) – Earnings of Australia’s two biggest supermarket chains may get a boost from sustained demand for groceries and other essentials, but their comments on costs…
Australia’s Treasury Wine posts higher profit on U.S. sales, price hikes
(Reuters) – Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on…
In Argentina, mass protests demand higher wages, lower inflation
By Maria Belen Liotti BUENOS AIRES (Reuters) – Thousands of frustrated Argentines clogged downtown Buenos Aires on Wednesday in raucous street protests, demanding government action to boost salaries and unemployment benefits battered…
Home Depot sales lifted by higher prices, demand from builders
By Praveen Paramasivam and Deborah Mary Sophia (Reuters) -Home Depot Inc on Tuesday surpassed estimates for quarterly results as demand from builders and higher prices helped the biggest U.S. home-improvement chain cushion…
European shares edge higher; weak China data stokes worries
(Reuters) – European shares inched higher on Monday, boosted by fresh gains for healthcare stocks, while signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and consumer…
EV startup Fisker explores higher production in 2023, U.S. manufacturing
(Reuters) – Electric-vehicle startup Fisker Inc said on Friday it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the…
Toshiba logs surprise quarterly operating loss on higher materials costs
TOKYO – Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw…
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