Risks loom over China’s top tier banks from property downturn, higher costs
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – China’s largest banks will see near-term revenue and margin pressures on a persisting property sector downturn, …
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OPEC+ may spur U.S. crude oil exports, tick production higher
By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia …
Italy sees 2023 deficit on target despite higher rates, Eurostat setback – sources
By Giuseppe Fonte ROME (Reuters) – Italy estimates a 2023 budget deficit broadly in line with its previous goal of 4.5% of national output, people …
TSX set for higher open as crude oil prices soar
Canada’s main stock index edged up on Monday, tracking strength in crude oil prices, while investors watched out for March manufacturing activity data due later …
Italian minister warns ECB of risk from higher interest rates
By Federico Maccioni CERNOBBIO, Italy (Reuters) – The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose …
McCormick beats quarterly estimates on higher prices, reiterates outlook
(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares …
New Poll Reveals One 2024 Contender Has A Higher Net Favorability Than Any Other Presidential Candidate, And It’s Not Trump
New Poll Reveals One 2024 Contender Has A Higher Net Favorability Than Any Other Presidential Candidate, And It’s Not Trump Mary Lou Masters on March …
Conservative Think Tanks Score Big In Proposed Florida Higher Ed Budget
Conservative Think Tanks Score Big In Proposed Florida Higher Ed Budget Alexa Schwerha on March 21, 2023 The Florida Higher Education Appropriations Subcommittee (HEAS) reserved …
Maserati aims at driving margins higher before any spin-off talk
By Giulio Piovaccari MILAN (Reuters) – Maserati aims to increase its margin on operating profit to 15% in the next 12 months and sees a …
Thousands protest in Portugal to demand higher wages, cap on food prices
By Sergio Goncalves and Miguel Pereira LISBON (Reuters) – Thousands of protesters filled downtown Lisbon on Saturday to demand higher wages and pensions, as well …
Ohio Higher Education Bill Would End Diversity Mandates, Sever China Ties
Alexa Schwerha on March 15, 2023 An Ohio state lawmaker introduced a bill to reform higher education by increasing course transparency, ending diversity mandates and …
A Soros-Funded Organization Is Helping A Student Org Defy DeSantis’ Higher Education Reforms
A Soros-Funded Organization Is Helping A Student Org Defy DeSantis’ Higher Education Reforms Alexa Schwerha on March 13, 2023 A network funded by philanthropist George Soros …
CERAWEEK-Renewable energy investors squeezed by higher interest rates, costs
By Isla Binnie and David French NEW YORK/HOUSTON (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to …
Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom
By David Randall NEW YORK (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star stock picker Cathie Wood’s flagship …
Italy’s Leonardo set to benefit from higher defence spending
ROME (Reuters) – Italy’s Leonardo said on Friday it was set to benefit from higher defence spending following the Russian invasion of Ukraine and that …
ECB deposit rate to peak at 3.75% or higher as inflation stays sticky – Reuters poll
By Jonathan Cable LONDON (Reuters) – The peak for European Central Bank interest rates will be much higher than thought only a month ago, according …
U.S. job openings fall less than expected; prior month’s data revised higher
WASHINGTON (Reuters) – U.S. job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight …
Factbox-Fed rate watch: Powell fuels bets of longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a …
Greek economy expands in Q4 on higher consumer spending, investment
ATHENS (Reuters) – Greece’s economy expanded in October-to-December last year with higher consumer spending and investment more than offsetting lower exports, official data showed on …
Hedge funds put record wager on higher 2-year U.S. bond yield: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) -Hedge funds entered February holding their biggest ever short position in two-year U.S. Treasuries futures. That’s what the most …
US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit …
U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – U.S. home prices are forecast to decline modestly this year and by less than previously thought …
Brazil’s Ambev sees higher costs in 2023 as Q4 net profit rises 36%
SAO PAULO (Reuters) – Ambev SA said on Thursday it expects the cost of goods sold per hectoliter at its beer business in Brazil to …
Higher inflation risks to give Russia no room to cut rates this year: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Bank of Russia will not find room to cut interest rates in 2023 as increased …
Bundesbank posts first loss in over four decades as higher rates bite
FRANKFURT (Reuters) – Germany’s Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced …
McConnell calls for higher US defense spending over the next year
WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell called on Congress on Tuesday to increase defense spending in the coming year to confront what …
‘DeSantis Political Operation’: National Orgs Condemn Florida GOP’s Higher Ed Reform Bill
‘DeSantis Political Operation’: National Orgs Condemn Florida GOP’s Higher Ed Reform Bill Alexa Schwerha on February 27, 2023 The American Association of University Professors, the …
Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a …
Mexico’s Alsea profit slides as rising costs, exchange rate, taxes bite
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea reported on Monday a 31% drop in its fourth-quarter net profit from a year earlier, hit by …
Swedish consumer, business sentiment inches higher in February
STOCKHOLM (Reuters) – Sentiment among households and businesses inched higher in Sweden in February, with house-builders and retailers bucking the trend, data from the NIER …
Euro zone inflation marginally higher in Jan; core also lifted
FRANKFURT (Reuters) – Euro zone inflation was only a touch higher in January than earlier estimated, Eurostat said on Thursday, confirming that price growth is …
Pirelli sees scope for higher 2023 revenues after strong results
(Reuters) – Italian tyremaker Pirelli said on Wednesday it expects revenues this year of some 6.6-6.8 billion euros, at least in line with the better-than-expected …
Indonesia plans to narrow 2024 fiscal deficit, sees higher GDP growth
JAKARTA (Reuters) – Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, …
Russia’s central bank says falling rouble driving inflation higher
(Reuters) – Russia’s central bank said on Friday that inflationary pressures across the economy had remained strong during the first two weeks of February, citing …
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart …
S. Africa’s Sasol expects HY profit to double on higher oil price
(Reuters) – South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational …
Turkey inflation higher than expected at nearly 58%
ISTANBUL (Reuters) – Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base …
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher …
Nation’s Highest-Paid Teachers Are Shutting Down Schools To Demand Higher Pay
Nation’s Highest-Paid Teachers Are Shutting Down Schools To Demand Higher Pay Reagan Reese on January 31, 2023 Teachers of a Massachusetts school district are striking …
Biden Poses In Electric Car That Has A Higher Carbon Footprint Than A Gas-Powered SUV
Biden Poses In Electric Car That Has A Higher Carbon Footprint Than A Gas-Powered SUV John Hugh DeMastri on January 31, 2023 President Joe Biden …
Imperial Oil CEO optimistic Alberta gov’t will add to carbon capture funding
By Nia Williams and Arshreet Singh (Reuters) -The chief executive of Canada’s Imperial Oil on Tuesday expressed optimism that the Alberta government will contribute funding …
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening …
Euro zone lending growth tumbles as higher rates bite
FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as …
Increased Illicit Border Crossings Carry Higher Risk in Winter Months
SWANTON, Vt. – Between October 1, 2022, and December 31, 2022, U.S. Border Patrol’s Swanton Sector recorded an approximate 743% increase in apprehensions and encounters compared …
Norfolk Southern misses quarterly profit estimates on higher operating expenses
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel …
Defense firms set to post higher sales, McCarthy’s election clouds outlook
By Nathan Gomes (Reuters) – Defense companies are expected to post higher fourth-quarter sales, according to analysts, bolstered by easing supply chain bottlenecks and increased …
Musk says higher priced Twitter subscription won’t carry ads
(Reuters) – Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire …
IKEA sees higher demand in Europe driven by home furnishings – CEO
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising …
Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. …
Britain’s financial services exports tick higher, U.S. top customer
By Huw Jones LONDON (Reuters) – Britain’s trade surplus in financial and related professional services edged up in 2021 as the United States cemented its …