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…
YouTube hikes prices for US premium subscribers for the first time
(Reuters) -YouTube, Google’s video streaming platform, hiked prices on its monthly and annual premium plans in the United States for the first time since the subscription service was launched in 2018. The…
US Fed’s Daly says rate hikes essential to bring down prices
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to bring down high inflation in the United States. Daly has previously said…
Cintas beats quarterly estimates on price hikes, easing cost
(Reuters) – Cintas Corp beat quarterly profit and revenue expectations on Thursday, helped by demand for its pricier rental uniforms across segments and easing input costs pressures. Shares of the company rose…
Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying…
OECD sees scope for profits to absorb wage hikes
PARIS (Reuters) – Companies in most countries have enough profit to be able to absorb an increase in wages needed for staff to cope with high inflation, the Organisation for Economic Cooperation…
Bank of Israel pauses rate hikes but warns further rises possible
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left short-term borrowing rates unchanged on Monday for the first time since early 2022, as expected, but warned that rates…
Fed’s Daly: two more rate hikes likely needed this year
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday repeated that she believes two more rate hikes this year will likely be needed to bring down too-high inflation in…
Fed’s Goolsbee: ‘golden path’ includes a couple of rate hikes
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank president Austan Goolsbee on Friday said he does not disagree with his fellow US central bankers that rates will need to rise a…
Fed’s Williams: June rate pause was right move, but future hikes still in play
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Wednesday it was the right move for the central bank to hold rates…
Japan’s firms offer biggest pay hikes in 30 years, wage growth broadens
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese firms offered the biggest pay hikes in three decades at this year’s negotiations with workers, the country’s largest trade union group said on Wednesday, a development…
Euro zone factory downturn deepened in June as ECB hikes bite-PMI
LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, according to a survey which painted an…
BOJ’s Himino sees lenders as well-buffered against future rate hikes
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan Deputy Governor Ryozo Himino said the country’s banking sector remains sound and has sufficient buffers to weather any strain caused…
Euro zone lending takes another hit as rate hikes bite
(Reuters) -Euro zone bank lending slowed in May as a record series of European Central Bank rate hikes work their way through the financial sector, though the data is unlikely to dissuade…
Italy rounds on “simplistic” ECB over rate hikes
By Angelo Amante and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank over repeated interest rate hikes, saying it was following a “simplistic” policy…
ECB’s Kazaks sees rate hikes past July even as economy softens
SINTRA, Portugal (Reuters) – The European Central Bank will likely keep raising interest rates after its next meeting even as the economy slows because inflation remains too high, ECB policymaker Martins Kazaks…
UK finance minister Hunt says banks are slow to pass on rate hikes to savers
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem…
Exclusive-Fed’s Daly: two more US rate hikes a ‘very reasonable’ projection
By Ann Saphir SAN FRANCISCO (Reuters) – Two more U.S. interest-rate hikes this year is a “very reasonable” projection, San Francisco Federal Reserve Bank President Mary Daly said, but given how fast…
Marketmind: Another round of rate hikes, macro data on tap
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent. Asian markets will be waking up to a jolt of central bank…
UK inflation shock rocks markets as investors eye more rate hikes
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Investors on Wednesday ramped up bets on the Bank of England raising interest rates by a hefty half a percentage point on Thursday…
McDonald’s Japan hikes prices in city centres as costs bite
By Anton Bridge TOKYO (Reuters) – The Japanese operator of McDonald’s restaurants said on Monday it would raise prices at 184 city centre branches, equivalent to about 6% of its 3,000 stores,…
Marketmind: Ready for more rate hikes, and one cut
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been predictably subdued in Asia as a U.S. holiday provides a convenient…
Russian officials seek to streamline budget spending, but disagree on tax hikes
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year, Russian officials on Thursday acknowledged the need for more efficient budget spending…
Analysis – Investors on guard for market stress as Fed signals more hikes ahead
By Davide Barbuscia and David Randall NEW YORK (Reuters) – A hawkish message from the Federal Reserve amid a robust stock market rally is presenting investors with a conundrum: how to maintain…
Factbox-Analysts bet bumper Turkish rate hikes on the way
LONDON (Reuters) – Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next week as part of a major reset of the country’s economic policies.…
New Zealand’s economy likely in recession as rate hikes take hold
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession in the first quarter, a Reuters poll…
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