WASHINGTON – Massive price spikes for food and energy sparked by Russia’s invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development (CGDEV) …
price
-
-
Financial News
War-driven price surge undermines Orban’s low-cost energy policy
by Reutersby ReutersBy Gergely Szakacs BUDAPEST – By extending a cap on retail fuel prices days before Russia’s invasion of Ukraine, Hungarian Prime Minister Viktor Orban has steered into a policy trap …
-
Financial News
Sugar rush: Russia probes price hikes and ‘unjustified’ shortages
by Reutersby Reuters– Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some …
-
Financial News
Factbox: Global fuel subsidies ramped up to counter energy price spike
by Reutersby ReutersSINGAPORE – Countries have announced fuel subsidies to cushion consumers from the impact of soaring energy prices after oil skyrocketed last week to 14-year highs. Here are the measures announced: …
-
Financial News
LME to resume nickel trading at 1400 GMT, mulls wider price limit
by Reutersby ReutersLONDON – The London Metal Exchange (LME) will resume electronic nickel trading on Wednesday afternoon and is considering hiking its 5% price limit for the following day, the exchange said. …
-
Financial News
Barclays’ VXX price jump drives double-digit gains for volatility arbitrage fund
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK – Days before Thanksgiving, Kris Sidial, a co-founder at volatility arbitrage fund The Ambrus Group, told investors the firm was betting that extreme price …
-
NEW YORK – Well-known value investor Michael Price, who ran the firm MFP Investors has died, the firm said in a statement on Tuesday. He was 70. Price died on …
-
Wholesale Price Inflation Reaches Double Digits Harry Wilmerding on March 15, 2022 The Producer Price Index (PPI), which measures the prices suppliers charge businesses and other customers, surged 0.8% on …
-
By Jonathan Stempel – The share price of Warren Buffett’s Berkshire Hathaway Inc reached $500,000 for the first time on Monday, reflecting the company’s status as a defensive stock in …
-
Breaking NewsConservative Times
Joe Biden, White House Begin to Blame All Failures on “Putin Price Hike”
by Phil Stiltonby Phil StiltonTRENTON, NJ – With gas prices soaring at the pump across New Jersey, you might be wondering why? The same goes with food, energy costs and the rising rate of …
-
Financial News
Factbox – Airline hedging and surcharges offset some oil price pain
by Reutersby Reuters– The price of oil this week surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been …
-
Financial News
As oil prices soar, U.S. shale, OPEC in no rush to resume price war
by Reutersby ReutersBy Liz Hampton – U.S. shale producers and OPEC, who not long ago were waging a price war, this week found themselves on similar sides as oil prices have surged …
-
US and World News
Russia to pay a price for Ukraine invasion, says U.S. VP Harris
by Reutersby ReutersWARSAW – U.S. Vice President Kamala Harris will discuss issues with Poland that will force Russia to pay a price for its invasion of Ukraine, she said on Thursday during …
-
Financial News
Oil, commodities price shock could cost over 4% of global GDP, Trafigura says
by Reutersby ReutersBy Julia Payne LONDON – Soaring prices of commodities from oil to wheat in the wake of Russia’s invasion of Ukraine could cost the global economy the equivalent of at …
-
Financial News
Europe-wide gas price cap needed to limit soaring costs – Engie CEO
by Reutersby ReutersBRUSSELS – A Europe-wide cap on gas prices is needed to respond to soaring prices and contain price volatility in the gas and electricity markets, Engie chief executive Catherine MacGregor …
-
Financial News
World Bank official says war-driven oil price hikes to slash growth for big importers
by Reutersby ReutersWASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South …
-
Financial News
London Metal Exchange cancels nickel trades after price doubles
by Reutersby ReutersLONDON – The London Metal Exchange (LME) cancelled all nickel trades that took place on Tuesday when prices doubled in a matter of hours and spurred the exchange to suspend …
-
Financial News
Jet fuel price surge deals heavy blow to fragile air travel recovery
by Reutersby ReutersBy Koustav Samanta SINGAPORE – Global jet fuel prices have surged to near 14-year highs in line with crude oil’s surge on supply shortfall worries, slamming air carriers and travellers …
-
Department of Justice Press Releases
Mallinckrodt Agrees to Pay Nearly $234 Million to Resolve Allegations Related to Price Increases
by DOJ Pressby DOJ PressBOSTON – Pharmaceutical company Mallinckrodt ARD, LLC (formerly known as Mallinckrodt ARD, Inc. and previously Questcor Pharmaceuticals, Inc.), has agreed to pay $233,707,865 as part of a settlement to resolve …
-
Financial News
U.S. Democrats seek $1bln to fight oil, gas, drug price gouging -Schumer
by Reutersby ReutersWASHINGTON – U.S. Senate Democrats are seeking $1 billon for the Federal Trade Commission to crack down on companies that gouge consumers in the oil, gas, medicine and other sectors, …
-
Financial News
Japan’s Q4 GDP forecast to revise up, wholesale price gains cloud outlook – Reuters Poll
by Reutersby ReutersBy Kantaro Komiya TOKYO – Japan’s economy expanded more than initially expected in the final quarter of 2021, but rising input prices likely kept wholesale inflation near a record in …
-
WASHINGTON – U.S. Senate Democrats met on Thursday with Federal Trade Commission Chair Lina Khan to discuss “troubling” price increases in oil, gas, prescription drugs and other items, Senate Majority …
-
Financial News
UK services expand at fastest since June despite record price rises – PMI
by Reutersby ReutersBy David Milliken LONDON – Price rises in Britain’s services sector last month were the most widespread in more than 25 years as businesses recovered from the Omicron wave of …
-
Financial News
German house price rally to slow but cheap money to keep it running
by Reutersby ReutersBy Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – Home prices in Germany’s booming property market look set to rise sharply again in 2022 and, while the pace will ease in …
-
LONDON – A record share of firms in Britain’s business and professional services sector expect to raise prices over the next three months as they face surging cost pressures, a …