Letter: Resident of Ocean County Domestic Violence Shelter Raises Red Flag
I have been a resident at Providence House in Toms River, NJ for the past two months, and I am writing to expose the truth about what happens inside this shelter — a place that…
Jackson Community Raises $2.2 Million for New Synagogue
JACKSON TOWNSHIP, NJ – A spacious new synagogue being built on East Veterans Highway in Jackson near the intersection of Butterfly Road has been framed out this week. The Orthodox Jewish community…
Credit Suisse raises UK GDP forecast after energy package
LONDON (Reuters) – Credit Suisse raised its 2023 UK GDP forecast on Friday, predicting that the UK government’s plan to freeze household energy bills for two years will likely lead to a…
ECB raises rates by unprecedented 75 basis points
LONDON (Reuters) – The European Central Bank raised interest rates by an unprecedented 75 basis points on Thursday in an effort to tame runaway inflation. The ECB lifted its deposit rate to…
ECB raises rates by unprecedented 75 basis points
FRANKFURT (Reuters) – The European Central Bank raised interest rates by an unprecedented 75 basis points on Thursday to tame runaway inflation, even as a recession is now increasingly likely as the…
Finland to slash electricity tax over winter, subsidise bills
By Essi Lehto and Anne Kauranen HELSINKI (Reuters) -Finland on Thursday slashed value-added tax on electricity to 10% from 24% over the winter and said it would pay more subsidies to those…
Japan raises assumed interest rate for FY2023/24 debt servicing
bTOKYO (Reuters) – Japan’s Ministry of Finance (MOF) has raised its assumed interest rate used to calculate debt servicing costs in its budget request for the next fiscal year, a senior ministry…
Analysis-China’s sharper focus on military option for Taiwan raises risks with U.S
By Yew Lun Tian BEIJING – As the dust settles from China’s military exercises around Taiwan, the message is clear: the military will uphold China’s claim on the island in a challenge…
Ford raises prices of electric F-150 pickup amid high commodity costs
(Reuters) – Ford Motor Co said on Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs. The automaker said…
Pirelli raises sales target as pricing power offsets inflation
MILAN – Strong pricing power and cost savings will help Pirelli offset economic challenges, the Italian tyremaker said on Thursday as it beat second-quarter operating profit expectations and raised its full-year revenue…
Senior Network Raises $50,000 at First Annual Golf Classic
by Nichole Campo EATONTOWN, NJ – The Senior Citizens Activities Network a non-profit 501c3 organization dedicated to serving people 55 and older in Monmouth and Ocean Counties, raised over $50,000 at their first…
Analysis: South Korean inflation raises risk of widening worker unrest
By Joyce Lee SEOUL – For years, a separate class of South Korean shipyard workers – hired through contractors – say they endured wages barely one-third regular workers’, got no paid sick…
Kuwait central bank raises key rate by 25 bps to 2.5%
(Reuters) – The Central Bank of Kuwait said on Wednesday it increased its discount rate by 25 basis points to 2.5%, after the U.S. Federal Reserve’s three quarters of a percentage point…
Spain raises inflation forecast for 2022, lowers GDP growth target for 2023
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for…
Japan raises economic view, signals broader recovery
TOKYO – Japan upgraded its overall view on the economy for the first time in three months in July, signalling a broader recovery in economic activity as the drag from the COVID-19…
Lindt & Spruengli raises guidance, starts buyback
ZURICH – Swiss chocolate maker Lindt & Spruengli on Tuesday raised its sales guidance and unveiled a 1 billion Swiss franc ($1.04 billion) share buyback programme after first-half net profit jumped 36%…
Cleerly raises nearly $200 million in fundraise led by T. Rowe Price, Fidelity
By Manya Saini (Reuters) – Cleerly, a New York-based health tech startup, has raised $192 million in a funding round led by investment firms T. Rowe Price and Fidelity Management & Research…
Mexican breadmaker Bimbo doubles Q2 net profit, raises outlook
By Kylie Madry and Noe Torres MEXICO CITY – Mexican breadmaker Grupo Bimbo on Thursday reported its second-quarter net profit doubled and the company raised its sales and operating earnings outlook, citing…
ECB raises rates for first time in decade with safety net for debtors
FRANKFURT – The European Central Bank raised its interest rates for the first time since 2011 on Thursday and unveiled a new bond-buying programme to keep borrowing costs in check for the…
Belgian raises 1.42 billion euros from 5G mobile licence auction
BRUSSELS – Belgium has raised 1.42 billion euros ($1.44 billion) from its auction of new 5G mobile phone licences, with a fourth operator set to enter the consumer market, telecoms regulator BIPT…
BOJ raises inflation forecast, keeps policy steady
TOKYO – The Bank of Japan raised its inflation forecast on Thursday, but maintained ultra-low interest rates and warned of risks to the economic outlook in a sign it will remain an…
Mexico’s Arrenda, aimed at making renting easy, raises $26.5 million in early round
By Kylie Madry MEXICO CITY – Mexican startup Arrenda, which offers advance payments to landlords upfront to lower barriers to renting in the country, raised $26.5 million in equity and debt financing…
Chile’s central bank raises interest rate to 9.75%
SANTIAGO – Chile’s central bank raised its benchmark interest rate to 9.75% on Wednesday, from 9.0% previously, and said it expected more rate hikes would be necessary as it looks to rein…
KKR’s first asset-based finance fund raises $2.1 billion
(Reuters) – Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows with…
Orion raises outlook after Merck deal on developing prostate cancer drug
(Reuters) -Finnish drug maker Orion on Wednesday raised its full year outlook after it signed a collaboration agreement with Merck aimed at developing a prostate cancer drug, sending its shares to two-year…
Chile sharply raises estimates for inflation in 2022; GDP seen up 1.6%
By Fabian Cambero SANTIAGO – Chile’s government on Tuesday sharply increased its estimates for the country’s inflation in 2022, saying it now expects an 11.1% rise, against an 8.9% rise seen in…
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