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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…
Brazilian broker XP’s profit gains from higher assets under custody
(Reuters) – XP Inc posted a marginal jump in second-quarter adjusted profit as the Brazilian broker gained from a surge in assets under custody that offset a slowdown in inflows due to…
Canadian dollar seen higher if recession fears fade – Reuters poll
By Fergal Smith TORONTO – Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the U.S. Federal Reserve and the Bank of…
Higher interest rates a ‘bright spot’ for Europe’s banks
By Tom Sims, Jesús Aguado and Lawrence White FRANKFURT/MADRID/LONDON – European banks are hoping the boost to their businesses from higher interest rates will be long-lasting as they navigate the economic fallout…
Fed’s Bullard: Rates will need to be ‘higher for longer’ if inflation does not recede
(Reuters) – If inflation does not respond to the Federal Reserve’s interest rate increases by easing as expected, then rates will have to remain “higher for longer,” St. Louis Federal Reserve President…
‘Higher Than We Expect’: Top Fed Official Issues Grim Prediction On Reining In Inflation
‘Higher Than We Expect’: Top Fed Official Issues Grim Prediction On Reining In Inflation Max Keating on August 1, 2022 Neel Kashkari, president of the Minneapolis Federal Reserve, poured cold water on…
Ackman says rates should be ‘materially higher’ to kill inflation
(Reuters) – Billionaire investor Bill Ackman on Thursday said he expected inflation to come down soon, but not to the level of 2% unless the U.S. Federal Reserve maintained “materially higher” interest…
Thailand approves $748 million support measures amid higher inflation
BANGKOK – Thailand’s cabinet on Tuesday approved additional support measures worth 27.4 billion baht ($748.23 million) to ease cost of living pressures and sustain consumption, amid rising inflation, the finance ministry said.…
Factbox-Australian miners warn of labour shortage, higher costs
(Reuters) – Australian mining firms said a dearth of skilled labour hit output and warned of lower production in fiscal 2022 and 2023, while also grappling with a surge in costs. Strict…
Mexico’s inflation higher than expected in early July
By Brendan O’Boyle MEXICO CITY – Mexican consumer prices rose higher than expected in early July, official data showed on Friday, boosting expectations of further interest rate hikes as the central bank…
Petronas payout to Malaysia govt seen higher at 55-59 billion rgt this year
KUALA LUMPUR – Malaysia’s state energy firm Petronas is forecast to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement…
Malaysia’s June CPI up 3.4% y/y, higher than forecast
KUALA LUMPUR – Malaysia’s consumer price index (CPI) rose 3.4% from a year earlier in June, government data showed on Friday. The rise was more than the 3.1% growth forecast by economists…
Mike Ashley’s Frasers Group expects higher profit next year
(Reuters) -Frasers Group, Mike Ashley’s sportswear and fashion group, said on Thursday it expected higher profit next year after 2022 earnings came in at the upper end of its guidance. The retailer…
Ukraine war, higher rates to limit growth in developing Asia – ADB
By Karen Lema MANILA – The Asian Development Bank (ADB) on Thursday slashed its growth forecasts for developing Asia for this year and next, reflecting the economic fallout from Russia’s war in…
Analysis-As dollar roars higher, few dare to stand in its way
By Saqib Iqbal Ahmed NEW YORK – An epic rally in the dollar has investors wondering how much further it can run, though many are biding their time before turning bearish on…
Global Data Center Colocation Industry Report 2022-2027 – Higher Anticipated Growth in Wholesale Datacenter Colocation Spaces to Propel Demand
DUBLIN, July 12, 2022 — The “Data Center Colocation Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)” report has been added to ResearchAndMarkets.com’s offering. The global data center colocation market is expected…
Brazil services activity grows 0.9% in May, higher than expected
BRASILIA – Services activity in Brazil resumed growth in May and at a faster-than-expected pace, benefiting from the normalization of activities after the severe impact of the COVID-19 pandemic. The services sector…
Singapore minister says India needs higher economic growth to create jobs
NEW DELHI – India needs to achieve higher economic growth by focusing on exports and expanding production-linked incentives for more sectors to create more jobs, Singapore’s minister Tharman Shanmugaratnam said on Friday.…
Consuelo Mack WealthTrack Prepares Individuals for an Era of Heightened Market Volatility, Inflation, and Higher Interest Rates in New Season
Season 19 premieres nationwide on public television beginning July 1 with economist and strategist David Rosenberg who warns of an “imminent recession.” Watch full episodes, exclusive interviews and more at wealthtrack.com NEW…
Poland’s Kaczynski tells banks to give savers higher interest or expect more taxes
WARSAW – Polish banks will be taxed more if they don’t offer clients higher interest on their deposits, the leader of Poland’s ruling party said on Saturday, intensifying government pressure on the…
Malaysia’s May CPI up 2.8% y/y, higher than forecast
KUALA LUMPUR – Malaysia’s consumer price index (CPI) rose 2.8% from a year earlier in May, government data showed on Friday. The rise was more than the 2.6% expansion forecast by 17…
German economy minister welcomes move to higher interest rates
BERLIN – German Economy Minister Robert Habeck on Monday welcomed the European Central Bank’s indication last week that it would deliver next month its first interest rate hike since 2011. “I think…
Americans Could See Grocery Store Prices Skyrocket Even Higher: REPORT
Americans Could See Grocery Store Prices Skyrocket Even Higher: REPORT Micaela Burrow on June 10, 2022 Food prices in the U.S. may get worse in the coming months as European Union countries…
UK’s Johnson: higher public spending and wages risk fanning inflation
LONDON – British Prime Minister Boris Johnson on Thursday said that the surge in inflation meant the government could not simply spend more to support people through the cost-of-living crisis, and to…
UK’s Johnson: higher public spending and wages risk fanning inflation
LONDON – British Prime Minister Boris Johnson on Thursday said that the surge in inflation meant the government could not simply spend more to support people through the cost-of-living crisis, and to…
Latin America, Caribbean 2022 poverty seen higher as Ukraine war bites: U.N. study
(Reuters) – A United Nations commission has increased its projection for poverty in Latin America and Caribbean for 2022, citing economic disruptions caused by the conflict in Ukraine. Latin America and Dominican…
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