New Jersey lawmakers say state push to delay energy hikes an election season gimmick
TRENTON, N.J. — Republican Senators Anthony Bucco and Michael Testa slammed the New Jersey Board of Public Utilities (BPU) on Wednesday over its latest move allowing utility companies to propose deferred rate…
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 its 2022 outlook and putting a chunk…
Canadian factory activity shrinks for 2nd month as rate hikes weigh
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity contracted for a second straight month in September as higher borrowing costs and an uncertain economic outlook contributed to a drop in new…
Colombia central bank hikes borrowing costs to 10%, raises 2022 GDP estimate
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on Thursday, as inflation pressures and domestic consumption…
Nigeria hikes rate to highest level to head off inflation
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s central bank on Tuesday hiked its main lending rate by 150 basis points to 15.50%, its highest level yet and more than forecast, forging ahead…
Wells Fargo expects steeper U.S. rate hikes to quell rampant inflation
(Refiles to add media packaging code) (Reuters) – Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central bank’s increased resolve to…
Analysis-Central Europe’s policymakers try to call time on rate hikes
By Jason Hovet PRAGUE (Reuters) – Central European policymakers are seeking to end a cycle of interest rate hikes running since last year even as inflationary pressures remain and the world’s major…
Ireland hikes surplus forecast ahead of budget
DUBLIN (Reuters) – Ireland on Saturday almost doubled its budget surplus forecast for 2022 to 0.9% of gross domestic product thanks to booming corporate tax revenues, giving it extra resources to help…
Marketmind: BoJ intervention and rate hikes, say no more
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. What a 24 hours it’s been in financial markets. Let’s start with Japan — just hours after confirming…
Philippine cbank hikes rates again, raises inflation forecast
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank hiked its benchmark interest rates by half a percentage point on Thursday, and said it was ready…
Fed Hikes Interest Rates For Third Time In Four Months
Fed Hikes Interest Rates For Third Time In Four Months Bronson Winslow on September 21, 2022 The Federal Reserve has raised target interest rates by 75 basis points for the third time…
Russian mobilization hikes urgency of oil price cap -Ukrainian presidential advisor
By Sarah Marsh BERLIN (Reuters) – Russia’s first mobilization since World War Two makes more urgent the need for a cap on Russian oil prices to cut off the “blood money” supporting…
Australia’s RBA looking for opportunities to slow rate hikes
SYDNEY (Reuters) – A top Australian central banker said on Wednesday monetary policy was not yet restrictive despite five rate rises in as many months, but the bank was looking for opportunities…
Rate hikes, Ukraine war, China woes dim Asia growth outlook – ADB
By Enrico Dela Cruz MANILA (Reuters) – The Asian Development Bank (ADB) on Wednesday cut its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased central bank…
ECB’s Lagarde raises prospect of rate hikes beyond neutral level
FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates to a level that restricts economic growth in order to cool demand and combat unacceptably high inflation, ECB President Christine…
Japan govt will spend $24 billion in budget reserves to cope with price hikes
TOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on Tuesday. The…
Top manager Vanguard bullish on U.S. Treasuries as Fed’s hikes near peak
By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, believes U.S. Treasuries are near the end of a painful decline even as prices tumble to fresh multi-year lows,…
BIS backs “forceful” rate hikes despite rising recession risk
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes despite the…
India’s RBI says front-loaded rate hikes needed to tame inflation, shield growth
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth in the…
Argentina hikes interest rate 550 bps after inflation overshoots
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank hiked the country’s benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80%…
Ark’s Cathie Wood calls Fed hikes a mistake and preps for deflation
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood of Ark Invest cautioned that the Federal Reserve is making a mistake with its widely-expected interest rate hikes to bring…
Fed’s Waller: need aggressive rate hikes now while economy can take it
(Reuters) – If the Federal Reserve is able to keep the unemployment rate below 5%, it can be aggressive on bringing down inflation but after that tradeoffs will appear, Fed Governor Christopher…
Bond issuance spree as U.S. companies rush before more rate hikes
By Shankar Ramakrishnan and Matt Tracy (Reuters) – Companies with the highest credit ratings in the world are engaged in a now-or-never U.S. dollar bond issuance spree to get ahead of a…
Fed’s Collins: ‘more to do’ on U.S. interest rate hikes
(Reuters) – Boston Federal Reserve Bank’s new President Susan Collins, in her first media interview since starting the job this summer, said that bringing inflation back down to 2% is the Fed’s…
Argentina hikes biofuel prices for domestic market
(Reuters) – Argentina’s government on Tuesday increased domestic prices of biodiesel for blending with diesel, as well as for bioethanol made from sugarcane and corn. The Ministry of Economy’s energy secretariat set…
Australia’s central bank hikes by 50 bps, signals more ahead
SYDNEY (Reuters) – Australia’s central bank raised its cash rate 50 basis points to 2.35% on Tuesday and left the door open for more tightening ahead as it seeks to restrain surging…
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