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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…
EOG Resources posts higher profit as crude prices scale multi-year highs
– U.S. shale oil firm EOG Resources Inc on Thursday reported a jump in fourth-quarter profit as crude prices soared to multi-year highs following a rebound in demand as the pandemic ebbs.…
RBNZ Governor says countering inflation early will prevent need for higher rates
By Praveen Menon WELLINGTON – Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Friday that countering inflation pressures early prevent the need for even higher rates in the future.…
U.S. new home sales fall in January as prices march higher
WASHINGTON – Sales of new U.S. single-family homes fell slightly more than expected in January, likely as rising mortgage rates and higher prices sidelined some first-time buyers from the market. New home…
HeidelbergCement sees higher sales, profits in 2022
HeidelbergCement HEIG.DE, the world’s second-largest cement maker, expects both sales and core profit to rise in 2022 on the back of global infrastructure programmes and continuing demand for new homes. “Due to…
Chesapeake Energy reports higher profit on soaring crude prices
– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in energy prices…
Pirelli taking steps to counter higher costs, Ukraine crisis
MILAN -Italian tyremaker Pirelli on Wednesday reassured it was taking steps to offset higher costs as well as the impact of the crisis in Ukraine, and had a contingency plan ready were…
Top Russian Official Threatens Europe With Higher Energy Costs After Nord Stream 2 Decision
A top Russian government official warned that energy costs would skyrocket in Europe after Germany halted certification of the Nord Stream 2 pipeline Tuesday. “German Chancellor Olaf Scholz has issued an order…
Harris: American sacrifice for Ukraine means even higher energy costs for all
WASHINGTON, D.C. – Vice President Kamala Harris is warning Americans to brace for even higher energy costs as the crisis between Ukraine and Russia continue into the spring. Last week, the White…
Higher estrogen levels linked to lower COVID death risk; antacid shows promise addressing symptoms
By Nancy Lapid – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet to be…
Colombia inflation forecast higher in 2022, faster rate hikes seen – cenbank poll
By Nelson Bocanegra BOGOTA – Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central bank survey. The 40 analysts surveyed by…
Shopify sees slowing revenue growth, higher spending; shares tank
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up spending on a network of fulfillment centers,…
Ryanair expects summer air fares to be higher than in 2019
LISBON -Ryanair expects average air fares during this year’s summer peak season to be significantly higher than pre-COVID ticket prices in the same period in 2019, Group Chief Executive Michael O’Leary said…
Shares of Continental Resources tank amid higher 2022 capex, lower output view
– Shares of independent shale driller Continental Resources fell more than 8% on Tuesday, outpacing declines in the broader energy complex, after the company’s 2022 spending outlook topped expectations and its output…
Higher steel prices boost Thyssenkrupp amid supply chain strains
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and materials trading…
Sugar group Tereos posts higher earnings, debt stable
PARIS -French sugar and ethanol group Tereos on Wednesday reported a jump in third-quarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world’s second largest sugar…
Chipotle profits beat expectations despite higher costs, Omicron
By Praveen Paramasivam and Hilary Russ – Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly profits and comparable sales on Tuesday as higher demand and prices for its burritos and…
James Hardie sets higher profit view as U.S. housing market boom continues
– James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next year, driven…
Exchange operator Cboe’s quarterly revenue tops views on higher volumes
By John McCrank NEW YORK – Exchange operator Cboe Global Markets said on Friday its fourth-quarter profit surged 90%, topping Wall Street estimates on higher transaction volumes, notably in options, and lower-than-expected…
Carlsberg warns that higher beer prices could hit sales
By Jacob Gronholt-Pedersen COPENHAGEN -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s third-largest brewer…
Emerging FX already riding higher local rates will outperform this year: Reuters poll
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU – Emerging market currencies will struggle to stem losses in the near-term as the U.S. Federal Reserve lifts interest rates off the zero bound, but…
Dollar to stay dominant, but big Fed push needed to climb higher: Reuters Poll
By Hari Kishan and Shrutee Sarkar BENGALURU – The U.S. dollar will reign supreme for at least another 3-6 months, a Reuters poll of strategists found, saying it will take a significant…
Insurer MetLife’s quarterly profit beats on higher investment gains
– MetLife Inc’s fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of its business.…
UK businesses scale back pay plans despite higher inflation – Lloyds
LONDON – British businesses are scaling back plans for pay rises and hiring, but almost half intend to increase the prices they charge customers as they seek to manage rapidly rising costs,…
Fed’s matchmaker fear: Flatlining economy meets higher interest rates
By Howard Schneider WASHINGTON – The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of…
Brick Police Department warns of coastal flooding, announces higher ground parking
BRICK TOWNSHIP, NJ – Tonight’s impending blizzard is expected to produce coastal flooding in low lying areas of Brick Township’s waterfront properties. The Brick Police Department has issued an announcement to residents…
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