Brazil’s Magazine Luiza swings to loss, hit by higher borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza SA reported on Thursday an adjusted net loss of 146 million reais ($27.4 million), the company’s fourth …
higher
Wall Street ends sharply higher on sign of cooling inflation
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as …
European shares open higher as luxury, mining stocks jump on China reopening hopes
(Reuters) – European shares opened higher on Friday, with luxury stocks and miners leading the advance on hopes that China will soon ease its strict …
Marketmind: Slower, higher, longer
A look at the day ahead in U.S. and global markets from Mike Dolan. If markets thought a Fed ‘pivot’ might signal an end or …
BNP Paribas profit tops forecast despite higher costs, debt markdown
PARIS (Reuters) – BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with trading revenues helping …
Australian grocer Woolworths quarterly sales rise 1.8% on higher prices
(Reuters) – Australian grocer Woolworths Group reported a 1.8% rise in first-quarter sales on Thursday, helped by higher product prices. Total group sales for the …
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair Jerome Powell said on Wednesday. …
Saudi Aramco Q3 net income jumps 39% on higher crude prices
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that …
Saudi Q3 GDP grows 8.6%, boosted by higher oil prices
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, …
Mexico’s TV Azteca Q3 net profit falls 96% on higher taxes and expenses
MEXICO CITY (Reuters) – Mexico’s TV Azteca posted a 96% annual fall in its third-quarter net profit on Tuesday, hurt largely by higher income taxes, …
New Restaurant Openings Higher Than Pre-COVID. Are You Getting Your Sales Staff in Ahead of Your Competitors?
Click on the map above to see how flhip. Com can get you in the door first ahead of your competitors (-) Flhip.com has released …
Global coffee market favoring higher quality, not higher volumes
By Marcelo Teixeira NEW YORK (Reuters) – The global coffee market is going through a transformation trend that will involve higher quality and pricier coffees, …
TomTom forecasts higher annual sales after Q3 beat
By Federica Mileo and Augustin Turpin (Reuters) – Dutch navigation and digital mapping company TomTom on Friday raised its 2022 outlook, as increased car production …
Argentine executives expect already sky-high inflation to go higher
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s surging inflation will just keep rising, according to the vast majority of executives surveyed in a poll …
JPMorgan CEO warns higher inflation could push U.S. rates above 4.5%
(Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon on Thursday warned that persistent and elevated inflation could spur interest rates to rise higher …
Ryanair CEO predicts higher fares on ‘surprisingly strong’ bookings
By Klaus Lauer BERLIN (Reuters) -Ryanair’s bookings for the autumn mid-term and Christmas holidays are ahead of pre-COVID levels and it sees average fares rising …
Saudi inflation rises to 3.1% in Sept on higher food prices
DUBAI (Reuters) – Saudi Arabia’s inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the …
Biden’s October Surprise Is Even Higher Gas Prices, Experts Say
Biden’s October Surprise Is Even Higher Gas Prices, Experts Say Jack McEvoy on October 11, 2022 National gasoline prices will rise to over $4 …
CN Rail, union conclude arbitration; some workers to get higher pay
(Reuters) – Canadian National Railway Co said on Tuesday it had reached an agreement with labour union International Brotherhood of Electrical Workers over a new …
Robert Walters reports higher quarterly profit
(Reuters) – British recruitment firm Robert Walters on Tuesday reported a jump in its quarterly gross profit, supported by robust hiring as competition heats up …
Czech cenbank chief: higher budget gaps would hamper inflation fight
PRAGUE (Reuters) – The Czech government running higher state budget deficits would hamper the central bank’s efforts to tame inflation, Governor Ales Michl wrote on …
UK house prices fall again as higher borrowing costs weigh-Halifax
LONDON (Reuters) – British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely …
Irish central bank sees lower economic growth, higher inflation next year
DUBLIN (Reuters) – Ireland’s central bank pushed up its 2023 inflation projections and revised down its forecast for economic growth for the third quarter in …
Chemical maker Sika sets higher sales goal for 2023, hikes 2022 outlook
By John Revill ZURICH (Reuters) -Sika expects to increase its sales between 15% and 18% next year, the Swiss company said on Tuesday, after raising …
Drivers in Germany face higher insurance premiums – industry executive
MUNICH (Reuters) – German drivers should brace for higher auto insurance premiums next year, following three years of price declines, an industry executive told Reuters. …
Online European tourism bookings so far in 2022 higher than pre-pandemic
(Reuters) – Short-term rental accommodation booked online in the European Union increased above 2019 levels each month from February 2022 onwards, the European Union’s statistic …
OPEC, Russia Consider Sending Oil Prices Even Higher
OPEC, Russia Consider Sending Oil Prices Even Higher Jack McEvoy on October 3, 2022 The Organization of the Petroleum Exporting Countries (OPEC) and Russia …
UK to reverse cut to higher rate income tax – BBC
LONDON (Reuters) – The British government is expected to reverse the proposed scrapping of the highest rate of income tax that has sparked a backlash …
The Fed’s Favorite Inflation Indicator Just Spiked Even Higher
The Fed’s Favorite Inflation Indicator Just Spiked Even Higher John Hugh DeMastri on September 30, 2022 The core index of the Federal Reserve’s preferred …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …