California Passes Bill To Control Gas Prices John Hugh DeMastri on March 28, 2023 The California State Legislature passed a bill Monday night that would establish a limit on the …
Prices
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Business News
McCormick beats quarterly estimates on higher prices, reiterates outlook
by Reutersby Reuters(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares of the company, which reiterated …
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LONDON (Reuters) – Soaring food prices pushed annual inflation in British shops to its highest in at least 18 years in March, industry data showed on Tuesday. The British Retail …
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Business News
Japan’s business services prices perk up near BOJ’s inflation target
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) -Japan’s business-to-business services inflation picked up in February on a tourism rebound and rising labour costs, data showed, offering the central bank hope that steady …
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Spain’s drought devastates olive oil output, drives world prices up
by Reutersby ReutersMADRID (Reuters) – Drought in Spain, the world’s largest olive oil producer, is likely to halve the country’s output this year compared with the previous year, official estimates from the …
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(Reuters) – Spanish industrial prices rose 7.8% in February from the same month a year earlier, the same pace as a revised 7.8% in January and the slowest in almost …
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Business News
Falling US gasoline stockpiles signal a repeat of last summer’s high prices
by Reutersby ReutersBy Shariq Khan (Reuters) – U.S. motorists face a repeat of last summer’s high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the …
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LONDON (Reuters) – British house prices rose by 6.3% in January from the same month in 2022, the Office for National Statistics (ONS) said on Wednesday. The rise was smaller …
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Business News
Japan’s land prices up at fastest pace since 2008 on gradual econ recovery
by Reutersby ReutersBy Kaori Kaneko TOKYO (Reuters) – Japan’s land prices rose for a second straight year at the fastest pace since 2008, a government survey showed on Wednesday, spurred by signs …
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Business News
South Korea takes step to cut homeowners’ tax as housing prices tumble
by Reutersby ReutersSEOUL (Reuters) – South Korea has sharply lowered official reference housing prices for this year, which will result in a large fall in taxes for homeowners, as the government has …
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Home Prices Fall For The First Time In Over A Decade
Home Prices Fall For The First Time In Over A Decade John Hugh DeMastri on March 21, 2023 Year-over-year home prices nudged down in February, breaking a nearly 11-year streak …
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South Korea’s weak exports, easing prices may keep rates on hold
by Reutersby ReutersBy Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korean exports tumbled for the first 20 days of March and producer inflation eased last month, data showed on Tuesday, reinforcing …
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BERLIN (Reuters) – German producer prices rose more than expected in February, though the rate of increase eased for the fifth month in a row, signalling that inflation in Europe’s …
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CAIRO (Reuters) – Iraq’s Prime Minister Mohammed Shia al-Sudani and OPEC Secretary General Haitham Al Ghais stressed the need to coordinate among oil-exporting nations to ensure prices do not fluctuate …
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Business News
Thousands protest in Portugal to demand higher wages, cap on food prices
by Reutersby ReutersBy Sergio Goncalves and Miguel Pereira LISBON (Reuters) – Thousands of protesters filled downtown Lisbon on Saturday to demand higher wages and pensions, as well as government intervention to cap …
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Business News
US import prices fall in February, post first annual drop since 2020
by Reutersby ReutersWASHINGTON (Reuters) – U.S. import prices fell in February as a decline in the cost of fuels offset increases in food, capital and consumer goods, resulting in the first annual …
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SEOUL (Reuters) – South Korea’s home prices fell for a ninth consecutive month in February but the pace of declines slowed for a second month following a series of government …
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Business News
South Korea import prices fall in Feb for first time in two years
by Reutersby ReutersSEOUL (Reuters) – South Korea’s import prices for February fell in annual terms for the first time in two years on weaker oil prices, central bank data showed on Tuesday. …
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Business News
New Zealand house prices fall in February as economic headwinds continue
by Reutersby ReutersWELLINGTON (Reuters) – New Zealand house prices continued to fall on the prior month as ongoing headwinds and the impact of Cyclone Gabrielle continues to weigh, the Real Estate Institute …
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By Vittorio Maresca di Serracapriola and Alessandro Parodi (Reuters) – Consumers across the European Union paid on average 30% more for eggs in January than a year before, Eurostat data …
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Italy producer prices slow down in Jan due to fall in energy prices
by Reutersby Reuters(Reuters) – Italian industrial producer prices saw a marked decline in January, slipping back to levels seen in the summer of 2021 in yearly terms due to a decline in …
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BERLIN (Reuters) – German consumer prices, harmonised to compare with other European Union countries, rose by 9.3% on the year in February, the federal statistics office said on Friday, confirming …
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MEXICO CITY (Reuters) – Mexico’s core consumer prices slowed by more than expected in the year to February, data from statistics agency INEGI showed on Thursday, providing some relief as …
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(Reuters) – International milk prices and volumes fell at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 0.7%, with an average selling …
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Business News
Factbox-Hold or hike? Latin American central banks’ wield rates to battle rising prices
by Reutersby ReutersMEXICO CITY (Reuters) – A stubborn surge of inflation has caused central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest …