By Foo Yun Chee and Tassilo Hummel BRUSSELS (Reuters) -Orange and MasMovil’s planned merger of their Spanish operations may reduce competition and push up prices, EU antitrust regulators warned on …
Prices
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Business News
US existing home sales edge up but prices drop by most since 2011
by Reutersby Reuters(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for the modest gain, and selling prices nationally fell from a …
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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 …
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WASHINGTON (Reuters) – U.S. import prices fell in May and the annual decrease in prices was the sharpest in three years, providing another boost for the Federal Reserve in the …
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LONDON (Reuters) – The smallest proportion of businesses since at least March last year expect to raise prices next month, a survey of businesses showed on Thursday. The Office for …
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BERLIN (Reuters) – Germany’s wholesale prices fell in May compared with the same month last year, according to data released on Wednesday. Wholesale prices decreased by 2.6% on the year …
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By Sybille de La Hamaide PARIS (Reuters) – French Finance Minister Bruno Le Maire said last week he had secured a pledge from 75 top food companies to cut prices …
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Business News
Apple, Amazon must face consumer lawsuit over iPhone, iPad prices – US judge
by Reutersby ReutersBy Mike Scarcella (Reuters) – Apple and Amazon.com must face a consumer antitrust lawsuit in U.S. court accusing them of conspiring to artificially inflate the price of iPhones and iPads …
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Oil Prices Jump Early After Middle Eastern Country Cuts Production
Oil Prices Jump Early After Middle Eastern Country Cuts Production John Hugh DeMastri on June 5, 2023 Oil prices spiked Monday morning, before giving back most of their gains, after …
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Business News
ECB’s Visco says falling energy prices should help tame inflation
by Reutersby ReutersROME (Reuters) – The rapid decline in energy costs should help to tame inflation in Europe, Bank of Italy governor Ignazio Visco said on Saturday, urging companies not to seek …
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BEIJING (Reuters) – China’s new home prices fell for the first time in four months in May and home sales slumped, according to a private survey, adding to pressure on …
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Business News
Aussie housing dip over, prices to rebound into next year on rate view- Reuters poll
by Reutersby ReutersBy Vivek Mishra BENGALURU (Reuters) – Australia’s housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-digit fall predicted …
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Business News
Kiwi house prices to descend further this year and rise next- Reuters poll
by Reutersby ReutersBy Devayani Sathyan BENGALURU (Reuters) – New Zealand house prices are forecast to drop further this year, pressured by higher interest rates, according to a Reuters poll of property analysts, …
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Business News
Germany home prices to fall modestly this year and next: Reuters poll
by Reutersby ReutersBy Indradip Ghosh BENGALURU (Reuters) – Home prices in Germany are forecast to correct modestly this year and decline a bit more in 2024 as a series of interest rate …
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Business News
Economic fears to cap oil prices below $90 through 2023: Reuters poll
by Reutersby ReutersBy Kavya Guduru (Reuters) – Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 …
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Business News
Singapore home prices surpass Hong Kong as APAC’s most expensive – survey
by Reutersby ReutersHONG KONG (Reuters) – Singapore’s private home prices have surpassed Hong Kong as the most expensive in Asia Pacific in 2023, while rents in the city-state were also the region’s …
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By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will see a slower growth this year, according to a Reuters poll, suggesting pent-up demand after the …
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Business News
UK finance minister to meet food manufacturers to discuss high prices
by Reutersby ReutersLONDON (Reuters) – British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain on families when he meets …
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BERLIN (Reuters) – German producer prices posted their slowest annual increase in two years in April, according to data released on Friday, in a tentative sign that inflation may ease …
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US and World News
Alberta wildfires hit gas flow out of Canada to US, spiking prices
by Reutersby ReutersOTTAWA (Reuters) -Alberta officials on Thursday warned more wildfires could spread in next few hot and dry days, even as firefighters make progress in tackling widespread blazes that have slowed …
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Business News
BNY Mellon prices $500 million debt offering via diverse bookrunners
by Reutersby ReutersNEW YORK (Reuters) – The Bank of New York Mellon Corporation priced a $500 million debt offering that was underwritten by minority, veteran- and woman-owned investment firms, the bank said …
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Business News
Bath & Body Works beats quarterly profit estimates on higher prices
by Reutersby Reuters(Reuters) – Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, sending its shares up over …
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Business News
Fewer UK firms expect to raise prices over the next month, ONS says
by Reutersby ReutersLONDON (Reuters) – The proportion of British businesses expecting to raise prices has fallen in a latest sign that price pressures have peaked after inflation hit a 41-year high last …
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Business News
Chile’s lithium giant SQM sees profits dip, despite uptick in prices
by Reutersby Reuters(Reuters) -Chile’s SQM, the world’s second-largest lithium producer, said on Wednesday that its first-quarter net profit slid almost 6% compared to the year-ago period to total nearly $750 million. Revenue …
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Business News
EBRD: Inflation has peaked, but rising gas prices will pressure households
by Reutersby ReutersBy Jorgelina do Rosario LONDON (Reuters) – Inflation has peaked in emerging Europe, central Asia and north Africa, but rising gas prices in the coming winter will keep pressure on …