GE CEO sees inflation a headwind for company in 2022
CHICAGO – General Electric Co Chief Executive Larry Culp said the company is not expected to fully offset soaring costs this year despite price increases. The comments came after the…
CHICAGO – General Electric Co Chief Executive Larry Culp said the company is not expected to fully offset soaring costs this year despite price increases. The comments came after the…
By Kannaki Deka and Abhijith Ganapavaram (Reuters) – U.S. homebuilders will likely find it harder to raise home prices in the coming months as rising mortgage rates and inflation cut…
By Joseph White and Paul Lienert DETROIT – General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than…
SINGAPORE – Singapore’s key consumer price gauge rose in March by its fastest pace in a decade, outpacing economist forecasts, driven by higher inflation for food and services, official data…
By Leika Kihara TOKYO – The Bank of Japan is set to maintain ultra-low interest rates on Thursday and hold off from major tweaks to its dovish policy guidance, as…
By David Shepardson WASHINGTON – U.S. Postmaster General Louis DeJoy says the agency is dealing with significant inflation costs as it works to stem losses, acknowledging higher costs will put…
By Shashwat Awasthi and Clara Denina (Reuters) – Global mining companies must overcome COVID-related labour shortages and soaring production costs if they are to meet annual production targets, analysts said…
(Reuters) – Central bankers must act decisively and quickly to tackle the rise in inflation, Gita Gopinath, first deputy managing director of the International Monetary Fund, said on Friday. Gopinath,…
PARIS -Inflation will be high in 2022 and although the price pressure should progressively ease next year, France and its partner countries are set to enter into “a new era…
JAKARTA – Indonesia’s central bank may hike its reserve requirement ratio (RRR) further if inflation starts to pick up, while the option to raise interest rates will be its last…
POLL: Most Americans Agree On Who To Blame For Inflation Harry Wilmerding on April 21, 2022 A majority of Americans now blame President Joe Biden for surging inflation after he…
MEXICO CITY – Mexico’s central bank could revise its inflation forecast higher at its next monetary policy meeting due to the impact of Russia’s invasion of Ukraine, Bank of Mexico…
BRUSSELS – Euro zone inflation in March was marginally lower than earlier reported, the EU’s statistics office said on Thursday, but still at record highs because of a surge in…
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said it’s unlikely inflation will fall to 2% this year, but she does expect it to start dropping and…
(Reuters) – Annual inflation in Russia accelerated to 17.62% as of April 15, its highest since early 2002 and up from 17.49% a week earlier, the economy ministry said on…
By Joice Alves and Danilo Masoni LONDON – European companies are forecast to have coped with record inflation in the first quarter, but the big question for investors during the…
By Fergal Smith TORONTO – As the Bank of Canada opens the door to hiking interest rates above a neutral setting for the first time in 14 years, the goal…
Biden’s Economic Report Mentions ‘Gender’ 40 More Times Than ‘Inflation’ Harry Wilmerding on April 18, 2022 President Joe Biden released his annual Economic Report on Thursday where he mentioned the…
BUENOS AIRES – Argentina’s government said on Monday the country’s neediest would get help to cope with soaring prices as part of a special aid program that will be financed…
TOKYO – Japan’s core consumer inflation likely accelerated in March from a year earlier but was still well short of the Bank of Japan’s price goal, a Reuters poll showed,…
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Thursday pushed back against the idea that by raising interest rates the Fed is prioritizing its goal of achieving 2%…
(Reuters) – The Federal Reserve’s aim is to raise rates quickly enough to bring down inflation without pushing the U.S. economy into recession or damaging the strong jobs market, Cleveland…
FRANKFURT – Measures of underlying inflation in the euro zone have risen above the European Central Bank’s 2% target and the ECB is closely monitoring inflation expectations, its president Christine…
By Asha Sistla (Reuters) – Gold traded flat on Thursday but prices were set for a second consecutive weekly gain as the Ukraine crisis and broadening inflationary pressures lifted the…
By Cynthia Kim and Joori Roh SEOUL – South Korea’s central bank raised its benchmark rate to the highest since August 2019 on Thursday in a surprise move as it…