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…
Fitch raises United States’ outlook to ‘stable’ from ‘negative’
(Reuters) – Global ratings agency Fitch on Friday raised United States’ outlook to “stable” from “negative” on improved near-term government debt dynamics, driven by a stronger-than-expected post-pandemic economic recovery. The agency said…
U.S. raises concern over investment climate in Mexico
WASHINGTON – U.S. Trade Representative Katherine Tai raised concerns about the investment climate in Mexico, including Mexico’s energy policies that Washington says threaten U.S. investment, her office said on Thursday after a…
Sequoia China raises $9 billion amid hopes crackdown is easing – source
By Julie Zhu HONG KONG – Sequoia Capital China has raised a total of nearly $9 billion for four new funds amid investor hopes that the authorities are easing a regulatory crackdown…
Yellen raises concerns of China’s ‘unfair’ economic practices in call with Liu
WASHINGTON – U.S. Treasury Secretary Janet Yellen raised concerns about what the U.S. calls China’s “unfair, non-market” economic practices in a call with Chinese Vice Premier Liu He, the U.S. Treasury Department…
Taiwan’s Foxconn raises full-year outlook on strong tech demand
TAIPEI – Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to…
UK green supply chain startup Circulor raises $25mln for US expansion
By Nick Carey LONDON – UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to…
Biden raises U.S. tariff rate on certain Russian imports to 35%
WASHINGTON – U.S. President Joe Biden on Monday raised the tariff rate on certain Russian imports to 35% as a result of suspending Russia’s “most favored nation” trading status over its war…
Majority Black-owned MaC Venture Capital raises $203 million in second fund
(Reuters) – MaC Venture Capital said on Monday it had raised $203 million in its second fund, nearly doubling the capital the majority Black-owned venture firm raised for its inaugural fund last…
Abortion ruling raises stakes in key U.S. governor’s races
By Joseph Ax (Reuters) – Abortion is now front and center in November’s key governor’s races in Pennsylvania and Michigan, after the U.S. Supreme Court overturned the landmark Roe v. Wade decision…
Berkshire Hathaway buys 9.6 million more Occidental shares, raises stake to over 16%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc bought another 9.6 million shares of Occidental Petroleum Corp, boosting its stake to 16.3% as the oil company’s shares come off the year’s high. The…
Biden raises pay for firefighters battling ‘increasingly destructive’ blazes
(Reuters) – U.S. President Joe Biden’s administration announced on Tuesday a temporary pay raise for federal wildland firefighters, saying they were facing longer, more severe fires partly due to climate change and…
Bank of Korea raises inflation forecasts, will review ‘big step’ hikes
By Cynthia Kim and Jihoon Lee SEOUL – South Korea’s central bank on Tuesday said it expects inflation will be higher than earlier projected and that it would closely assess debt repayment…
Tesla raises prices for some Model Y cars in China – website
SHANGHAI – Tesla Inc has raised the price for some Model Y cars for the Chinese market, its website showed on Friday. The price for the Long Range version of the Model…
DHL raises prices for parcel deliveries, calling it unavoidable
BERLIN – Logistics giant DHL will charge private customers more for parcel deliveries from July 1 as labour and transport costs have made price increases unavoidable, said the company on Monday. DHL,…
Brazil raises about $6 billion in Eletrobras shares in world’s No.2 offering of the year
By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO/SAO PAULO -Brazil’s government on Thursday night moved forward with its bid to privatize Eletrobras, Latin America’s largest utility, as the share offering…
Peru’s central bank raises benchmark interest rate to 5.5%
LIMA – Peru’s central bank raised the country’s benchmark interest rate by 50 basis points to 5.5% on Thursday, the eleventh consecutive hike, as authorities in the copper-producing Andean nation battle stubbornly…
CIBC expands U.S. energy investment banking team, raises staff pay
By Nichola Saminather TORONTO -Canadian Imperial Bank of Commerce on Thursday said it will expand its U.S. energy investment banking team and announced an increase in wages from July for the majority…
‘Difficult Times’: Maine City Raises Property Taxes To Pay For Migrant Housing
‘Difficult Times’: Maine City Raises Property Taxes To Pay For Migrant Housing Jennie Taer on June 8, 2022 The city of Portland, Maine, raised property taxes on Monday in order to provide…
ECB raises inflation, cuts growth forecasts
FRANKFURT – The European Central Bank raised its inflation projections once again on Thursday but cut its growth outlook as the conflict in Ukraine continues to weigh on confidence, consumption and investment.…
Australian banks slide further as RBA view raises housing market concerns
By Harish Sridharan (Reuters) – Shares of Australia’s “Big Four” banks fell further on Thursday to hit multi-month lows, as the central bank’s largest interest rate hike in 22 years earlier this…
Beijing’s drive for looser lending raises fears of bank margin squeeze
SHANGHAI – Beijing’s mandate to aid virus-hit sectors has left China’s banking sector lagging behind a broader market rally as the economy reopens, with investors fearful a cash splash by lenders will…
Russia further raises ceiling for cross-border transactions for individuals
(Reuters) – The Russian central bank said on Tuesday Russian residents and non-residents from “friendly” states will be able to channel foreign currency abroad equivalent to up to $150,000 a month, up…
Goldman raises Brent price outlook on unresolved supply deficit
(Reuters) – Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 and the first half of next year,…
Chinese tech ADRs rise as end of Didi probe raises hope of easing crackdowns
(Reuters) – U.S.-listed Chinese technology stocks rose on Monday after a report that regulators in China are concluding a probe into ride-hailing giant Didi Global raised expectations of easing crackdowns on the…
Hungary central bank raises 1-week depo rate to 6.75% as inflation battle hots up
BUDAPEST -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to tighten interest rate policy aiming to curb…
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