Factbox-Tesla cuts prices globally in a bid to spur demand
(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States and Europe, doubling down on a discount drive it started …
Prices
Euro zone producer prices fall due to energy, as other goods rise
BRUSSELS (Reuters) – Euro zone producer prices fell by more than expected in January, although entirely due to falling energy prices as the charges for …
Toronto home prices rise in February, down 17.9% year-over-year
TORONTO (Reuters) – Home prices in the Greater Toronto Area (GTA) tracked the seasonal trend by rising in February from January but were down sharply …
U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – U.S. home prices are forecast to decline modestly this year and by less than previously thought …
Netherlands changes inflation methodology to better reflect energy prices
AMSTERDAM (Reuters) – The Netherlands will change the way it measures energy prices paid by consumers in order to improve estimates of inflation in the …
Blue State Is Imposing A New Climate Policy And Gas Prices Are Already Skyrocketing
Blue State Is Imposing A New Climate Policy And Gas Prices Are Already Skyrocketing John Hugh DeMastri on February 28, 2023 Gas prices in the …
Canada home prices to drop 12% in 2023, still remain unaffordable for many: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The drop in home prices in Canada this year will be steeper than forecast three months ago but mild …
Istanbul retail prices up 3.83% monthly in February -Chamber
ISTANBUL (Reuters) – Retail prices in Turkey’s largest city, Istanbul, rose 3.83% month-on-month in February for an annual increase of 78.62%, the Istanbul Chamber of …
Australian monthly consumer prices up less than expected in Jan
SYDNEY (Reuters) – A measure of Australian consumer prices rose by less than expected in January thanks to a drop in the cost of travel, …
New Zealand home prices to fall over 20% from November 2021 peak: Reuters Poll
By Devayani Sathyan BENGALURU (Reuters) – New Zealand house prices are set to fall further this year than previously thought, according to a Reuters poll …
Australia’s home prices almost steadied in Feb, too early to call end to downturn-CoreLogic
By Stella Qiu SYDNEY(Reuters) – Australian home prices almost steadied in February as Sydney snapped a year-long losing streak, though analysts cautioned it was far …
Audi will not cut EV prices to follow Tesla’s lead – Audi Europe chief
BERLIN (Reuters) – Audi has no plans to cut prices for its electric vehicles, German industry magazine Automobilwoche cited Audi Europe chief Jens Puttfarcken as …
Aluminium prices shrug off 200% U.S. import tariffs for Russia
LONDON (Reuters) – Aluminium prices on the London Metal Exchange shrugged off a decision by the United States to impose steep tariffs on Russian metal …
Hong Kong home prices end seven-month decline with 0.6% rise in January
HONG KONG (Reuters) – Hong Kong private home prices edged up 0.6% in January from December, the first increase in seven months, official data showed …
Egg prices will fall nearly 30% this year, U.S. farm agency says
By Leah Douglas ARLINGTON, Va. (Reuters) – Having lingered near record highs for months, egg prices will fall dramatically this year provided the United States …
Falling gas costs, rising carbon prices spur change in fuel dynamics
PARIS (Reuters) – Falling gas prices over recent weeks have paired with rising coal and carbon costs to make European power generation from gas-fired power …
UK property asking prices show weakest February gain on record: Rightmove
By Suban Abdulla LONDON (Reuters) – Average asking prices for British residential property rose by just 14 pounds ($17) in February from January, the smallest …
Canada January producer prices up 0.4% on petroleum, primary metals
Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal …
German producer prices ease, but at lower pace than expected
BERLIN (Reuters) – German producer prices rose more than expected in January, though the rate of increase eased for the fourth month in a row, …
Tesla raises prices of some Model Y versions in China – website
SHANGHAI (Reuters) – Tesla raised prices of performance and long-range versions of its Model Y mid-size sport utility vehicles (SUV) in China on Friday, according …
U.S. lawmakers seek answers from egg companies on record-high prices
By Leah Douglas (Reuters) – Two U.S. lawmakers have sent letters to the country’s top egg companies seeking answers for why egg prices have ballooned …
Paramount to raise streaming prices as ad slump knocks revenue
By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS …
Major Coca-Cola bottler warns prices, glass costs will rise further
By Richa Naidu LONDON (Reuters) – Coca-Cola Europacific Partners told Reuters on Thursday it expects to hike prices further, and said glass costs would rise …
UK house prices up 9.8% in year to December – ONS
LONDON (Reuters) -British house prices rose by 9.8% year-on-year in December compared with the same month in 2021, the office for National statistics (ONS) said …
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart …
Louis Vuitton expected to raise prices as much as 20% in China
SHANGHAI/PARIS (Reuters) – LVMH’s top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank …
Tesla changes U.S. prices for fourth time in two months
(Reuters) – Tesla has changed prices for one version of each of its Model 3 sedan and Model Y crossover, the fourth price adjustment by …
Soaring egg prices lead to black market trade, smuggling
Laurel Duggan on February 10, 2023 TRENTON, NJ – With egg prices soaring from around $2.99 per dozen in the New York and New Jersey …
U.S. diesel prices drop as Europe’s ban on Russian imports begins
By Laura Sanicola (Reuters) – U.S. diesel prices have dropped this month and could go lower, analysts said, an unexpected swoon that coincided with the …
Volvo Cars will not cut EV prices to follow Tesla’s lead – CEO
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars’ top executive said on Thursday that the Swedish automaker has no intention of cutting its electric vehicle …
Falling online prices point to U.S. goods deflation continuing
By Howard Schneider WASHINGTON (Reuters) – Prices for online goods in the United States fell 1% in January compared to the year before, the fifth …
German EU-harmonised January consumer prices rise 9.2% y/y
By Maria Martinez BERLIN (Reuters) – German consumer prices, harmonised to compare with other European Union countries, rose by a less-than-anticipated 9.2% on the year …
Nestle to hike food prices further in 2023, CEO says
(Reuters) – Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to …
Tesla raises Model Y prices by $1,000 after U.S. relaxes tax credit terms
(Reuters) – Tesla Inc raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on …
Wholesale power prices spike in U.S. Northeast as arctic blast arrives
NEW YORK (Reuters) – Wholesale power prices jumped in the U.S. Northeast, with spot prices for Friday more than tripling in some areas as an …
Prices of some Tesla models cut in South Korea -official
SEOUL (Reuters) – Tesla Inc has cut prices of some of its car models in South Korea, a local Tesla sales official said on Friday, …
More Chinese cities post gains in new home prices – private survey
BEIJING (Reuters) – New home prices in more major Chinese cities extended gains in January, a private survey showed on Wednesday, offering tentative signs of …
Imperial Oil CEO optimistic Alberta gov’t will add to carbon capture funding
By Nia Williams and Arshreet Singh (Reuters) -The chief executive of Canada’s Imperial Oil on Tuesday expressed optimism that the Alberta government will contribute funding …
Australia’s housing prices fall for ninth straight month – CoreLogic
By Stella Qiu SYDNEY (Reuters) – Australia’s house prices extended declines for the ninth straight month in January amid high mortgage rates, a drag on …
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening …
French inflation rises to 7.0% in January on energy prices
PARIS (Reuters) – French inflation rose in January on higher energy prices after the government phased out some measures that had reined in increases, according …
U.S. solar prices still soaring as projects stalled
(Reuters) – U.S. solar energy contract prices have soared by a third over the past year as project developers have struggled to get imported panels, …
American Oil Giant Shatters Earnings Record On The Back Of Soaring Gas Prices
American Oil Giant Shatters Earnings Record On The Back Of Soaring Gas Prices John Hugh DeMastri on January 27, 2023 American oil company Chevron nearly …
Jet fuel prices up as demand jumps, refinery outages limit supply
By Shariq Khan, Laura Sanicola and Seher Dareen (Reuters) – Jet fuel prices have risen to levels never recorded in January as demand from China’s …
GM, Ford must convince investors they can profit as prices fall
DETROIT (Reuters) – General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks …
Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain
(Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual …
Spanish 2022 industrial prices rise 14.7%, lowest 12-month rate since 2021
(Reuters) -Spanish industrial prices rose 14.7% in the 12 months through December, down from a revised 20.5% increase in the 12 months through November, the …
Albemarle calls for high lithium prices to fuel EV industry growth
By Ernest Scheyder (Reuters) -Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new …
Unilever’s dominance in India helps it raise prices, pinching rural poor
By Richa Naidu and Aditya Kalra LONDON/NEW DELHI (Reuters) – Unilever racked up strong sales growth in India last year on the back of sharp …
Biden’s Energy Secretary Blames ‘International And Climate Events’ For Rising Gas Prices
Biden’s Energy Secretary Blames ‘International And Climate Events’ For Rising Gas Prices Harold Hutchison on January 23, 2023 Secretary of Energy Jennifer Granholm claimed Monday …