[the_ad id="1125697"]
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…
U.S. wholesale inventories revised higher in February
WASHINGTON – U.S. wholesale inventories increased more than initially thought in February, but inventory investment probably offered little or no boost to economic growth in the first quarter. The Commerce Department said…
Japan finance panel warns on higher rates pushing up borrowing costs
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to ensure sound…
Canadian dollar seen higher if BoC front-loads rate hikes- Reuters poll
By Fergal Smith TORONTO – REUTERS POLL-CANADIAN DOLLAR TO STRENGTHEN SLIGHTLY TO 1.25/USD IN THREE MONTHS, MATCHING MARCH’S FORECAST REUTERS POLL-CANADIAN DOLLAR SEEN UP 2% AT 1.23/USD IN ONE YEAR Canada’s dollar…
U.S. poor died at much higher rate from COVID than rich – report
WASHINGTON – Americans living in poorer counties died during the pandemic at almost twice the rate of those in rich counties, a study released Monday by the Poor People’s Campaign showed. The…
Oman to use surplus from higher oil prices to reduce public debt
CAIRO – Oman expects to reduce its public debt to 19.46 billion Omani riyals by using the surplus arising from selling oil at higher prices and repaying some loans by end of…
Analysis-Governments want COVID vaccine developers to aim higher in hunt for better shots
By Ludwig Burger and Emilio Parodi (Reuters) – As governments prepare to live with COVID-19, some are questioning how much to rely on drugmakers to adapt vaccines to ward off future virus…
Amazon gets rare ‘underperform’ rating on risks from higher expenses, inflation
(Reuters) – Amazon.com Inc received a rare “underperform” rating from BNP Paribas Exane on Wednesday, with the French brokerage saying the e-commerce giant faces a bumpy ride ahead due to surging inflation…
Euro zone facing slower growth, higher inflation: ECB’s Lagarde
FRANKFURT – Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central Bank President Christine Lagarde said on Wednesday.…
Chinese pork giant WH Group’s 2021 profit lifted by higher US, European sales
BEIJING – Chinese pork processing giant WH Group Ltd on Monday reported a 7.2% rise in annual profit to $1.043 billion driven by higher sales in the United States and Europe. Revenue…
Canada’s red-hot housing markets hint at cooldown as higher rates, inflation bite
By Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto Area over the past few weeks, which…
U.S. Republicans want higher defense spending, citing Ukraine and China
WASHINGTON – A group of 40 U.S. Republican members of the Senate and House of Representatives Armed Services Committees urged President Joe Biden to include a 5% increase above inflation for defense…
Germans face higher inflation, weaker growth from Ukraine war – Bundesbank
FRANKFURT – Germans should brace for higher prices and weaker economic growth as Russia’s invasion of Ukraine disrupts trade and makes fuel as well as wheat more expensive, the Bundesbank said on…
In New York City, women and young girls are being grabbed, groped and assaulted at a higher rate
NEW YORK, NY – There’s a new growing problem in New York City. While random attacks on Asians and subway slashings and assaults also continue to rise, a new trend is appearing…
Yellen says gas tax cut among options to ease higher costs at the pump
By David Lawder DENVER – A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding she was…
Increased mining supply pushing Peruvian currency higher -cenbank
LIMA – A greater supply of dollars from the mining sector in Peru – the world’s No. 2 copper producer – is pushing up the local sol currency, which has risen around…
Speculators’ net long bets on U.S. dollar edge higher -CFTC, Reuters
By Saqib Iqbal Ahmed NEW YORK – Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission…
Putin warns of higher global food prices if export restrictions applied
– Global food prices will rise further if western nations intensify economic pressure on Russia, a major global fertilizer producer, President Vladimir Putin said. Russian Agriculture Minister Dmitry Patrushev told a governmental…
IMF chief says Africa vulnerable to higher food, fuel prices due to Ukraine war
WASHINGTON – Africa’s economic outlook is particularly vulnerable to higher food and fuel prices prompted by Russia’s invasion of Ukraine, as well as to reduced tourism revenues and diminished access to financial…
Brazilian power sector to benefit from rains, despite higher oil prices – ONS
RIO DE JANEIRO – The improvement in the level of Brazil’s main hydroelectric reservoirs should ease the costs of operating the electricity system this year, even as the conflict between Russia and…
New index shows U.S. inflation expectations shifting higher
By Howard Schneider WASHINGTON – One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely to be watched…
Gas Prices Spike to Over $4 Per Gallon in New Jersey and it’s going to go higher
TRENTON, NJ – In the New Jersey state capital city of Trenton, on Friday, gas prices spiked over $4 per gallon, reaching as high as $4.07 at some stations. Across New Jersey…
Civilian death toll in Ukraine at least 102 but feared higher – U.N.
GENEVA – At least 102 civilians in Ukraine have been killed since Russia launched its invasion last Thursday, with a further 304 injured, but the real figure is feared to be “considerably…
Economists say higher oil prices pose further risk to India’s growth momentum
By Manoj Kumar NEW DELHI – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household…
Chile copper giant Codelco profits surge on higher metals prices
By Fabian Cambero and Anthony Esposito SANTIAGO – Pre-tax profits for the world’s largest copper producer Codelco surged to $7.4 billion in 2021 from $2.1 billion a year earlier, boosted by high…
MP Materials reports higher profit as rare earth prices surge
– U.S. rare earth miner MP Materials Corp on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make high-end electronics and weaponry. Rare earths are…
Breaking News
