Euro zone faces slower growth, higher prices as war hits: ECB poll
FRANKFURT – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits …
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Big U.S. banks see higher net interest income as rates rise
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the …
U.S. oil drilling, output moving higher with energy prices
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling …
Gold inches higher as Ukraine conflict lifts safe-haven bids
By Asha Sistla (Reuters) – Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the …
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 …
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 …
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% …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …