ECB expects core inflation to fade as energy prices level off: Lane
FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as fuel costs off, European Central…
FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as fuel costs off, European Central…
By Kantaro Komiya, Tetsushi Kajimoto and Daniel Leussink TOKYO – As war in Ukraine drives up already high input costs, even firms with business models fine-tuned to Japan’s deflationary economy…
Americans’ Spending Slows Dramatically Amid Surging Inflation And Gas Prices Harry Wilmerding on March 16, 2022 American’s spending slowed in February amid surging inflation and gas prices, the U.S. Census…
WASHINGTON – Congressional leaders in the coming weeks will call on chief executives of major oil and gas companies to testify about recent spikes in U.S. energy prices, Senate Majority…
JACKSON, NJ – If you’re looking for a reliable gas station that you know will always be among the cheapest in the Ocean County and Northern Monmouth County area, look…
By Jan Strupczewski BRUSSELS – EU finance ministers agreed on Tuesday to subsidise household fuel prices and offer support to companies hit by surging energy prices as a result of…
– American Airlines Group Inc cut its current-quarter capacity forecast on Tuesday, as airlines grapple with high fuel prices due to the Russia-Ukraine war. (Reporting by Abhijith Ganapavaram in Bengaluru;…
– Lyft Inc on Monday joined Uber Inc to levy fuel surcharge on rides from customers in an attempt to cushion the impact on drivers’ pockets from higher fuel costs.…
Gas thievery has gone high-tech across the country as thieves in vans are stopping their vehicles over underground gas station tanks and pumping the high-priced fuels out of the ground.…
TOMS RIVER, NJ – Gas prices across New Jersey spiked and peaked in the past 7 days, according to GasBuddy.com, a nationwide gasoline price monitoring index website. At the Jersey…
Governors Nationwide Seek State Gas Tax Suspension Amid Surging Prices Thomas Catenacci on March 11, 2022 Several states are seeking to temporarily suspend local gas taxes to provide relief for…
– Uber Technologies Inc said on Friday U.S. customers, excluding New York City, will have to pay a fuel surcharge from March 16 as the ride-hailing firm tries to address…
By Alex Lawler LONDON – Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output,…
By David Milliken LONDON – The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to…
SINGAPORE – Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt…
Democrats Aim To Increase Taxes On Big Oil Amid Record Gas Prices Thomas Catenacci on March 10, 2022 A group of House and Senate Democrats introduced legislation Thursday that would…
BRASILIA – Brazil’s Senate approved on Thursday two bills aimed at curbing fuel price hikes with subsidies and tax exemptions, a positive move potentially for state-run oil company Petrobras, but…
By 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…
By Jason Lange and Ann Saphir WASHINGTON – U.S. consumers plan to cut spending on restaurant meals and movies if gasoline prices keep rising as Russia’s invasion of Ukraine rattles…
TOMS RIVER, NJ – Gas prices are climbing and in Ocean County, they are officially over $4 per gallon. Two days ago, we featured a few remaining stations still selling…
– Global food prices will rise further if western nations intensify economic pressure on Russia, a major global fertilizer producer, President Vladimir Putin said. Russian Agriculture Minister Dmitry Patrushev told…
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 tourism revenues and diminished access…
By Andy Bruce LONDON – House price growth in Britain hit a new eight-month high in February as the housing market showed little sign of losing momentum amid a growing…
Toilet Paper Prices Soar As Companies Shrink The Item Itself Harry Wilmerding on March 9, 2022 The price of toilet paper has soared as producers shrink the since of the…
MEXICO CITY – Inflation in Mexico accelerated faster than expected in February, official data showed, with underlying price pressures hitting their highest level in over two decades, feeding expectations the…