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…
US raises concerns with China about actions against US companies
(Reuters) – U.S. Commerce Secretary Gina Raimondo raised concerns about Chinese actions against U.S. firms operating in China with Chinese Minister of Commerce Wang Wentao during a meeting on Thursday in Washington,…
Japan raises view on economy for 1st time since July 2022
TOKYO (Reuters) – Japan’s government raised its overall view of the economy for the first time in ten months in May, after recent data showed the country emerged from recession in the…
Vedanta raises about $850 million via JPMorgan, Oaktree loan – Bloomberg News
(Reuters) – Vedanta Group, the promoter of metals-to-oil conglomerate Vedanta Ltd, has signed a five-year loan for about $850 million with JPMorgan and Oaktree, Bloomberg News reported, citing people familiar with the…
Russia’s Sberbank reports record Q1 profit, raises forecasts
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of 357.2 billion roubles ($4.6 billion) and raised forecasts for several indicators, keeping…
US sharply raises shale oil drilling count but not output forecast
By Stephanie Kelly NEW YORK (Reuters) – U.S. oil producers were much more active last year in the prolific Permian Basin than the Energy Information Administration previously thought, the agency said on…
Mike Ashley’s Frasers raises stake in online retailer ASOS
(Reuters) – Britain’s Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market.…
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street…
Australia’s central bank hiked in May due to inflation risks, more raises may be required
SYDNEY(Reuters) – Australia’s central bank decided to hike at its May meeting due to inflation risks from weak productivity growth, persistently high services inflation and faster-than-forecast rental increases, saying more rate rises…
Argentina raises economic defenses against inflation ‘onslaught’
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s government is bolstering its economic defenses as it battles runaway inflation that hit 109% in April, fast draining central bank foreign currency reserves, a…
Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
OSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for soaring inflation…
Brazil’s Haddad raises concerns about economic situation, drought in Argentina
By Andrea Shalal NIIGATA, Japan (Reuters) – Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina’s economic challenges and a major drought there could affect the country’s “political destiny”…
Deutsche Telekom slightly raises 2023 profit outlook
BERLIN (Reuters) – Deutsche Telekom slightly raised its full-year operating profit target on Thursday after reporting a small bump in first-quarter revenue and profit that was in line with expectations. The group…
China’s fresh COVID wave raises concern of trading volume slowdown
SHANGHAI/SINGAPORE (Reuters) – A fresh wave of COVID-19 is spreading through China as people return from public holiday travel, reaching trading floors and raising concern of an impact to trading volume –…
Johnson Controls beats estimates on strong demand, raises annual profit guidance
(Reuters) – Johnson Controls International posted quarterly earnings ahead of analysts’ expectations on Friday, underpinned by strong demand for heating and air-conditioning systems from commercial buildings, sending its shares nearly 5% higher…
UBS raises expectations for ECB’s terminal rate; SocGen sees it peaking at 4%
(Reuters) -Economists at UBS expect the benchmark interest rate in the eurozone to peak at 3.75%, while Societe Generale sees it at 4% after the European Central Bank (ECB) signalled more tightening…
Tesla raises prices for new Model S, Model X in China
BEIJING (Reuters) – Tesla Inc has raised prices for its new Model S and Model X vehicles in China by 19,000 yuan ($2,751), its website showed on Friday. ($1 = 6.9060 Chinese…
Denmark’s central bank raises key rate, following ECB hike
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 0.25 percentage points to 2.85% on Thursday, following a rate hike earlier in the day by the European Central Bank.…
Vietnam raises retail electricity price by 3%
HANOI (Reuters) – Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast…
Emerson Electric raises fiscal 2023 outlook on strong demand
(Reuters) – U.S. engineering and industrial software firm Emerson Electric Co on Wednesday raised its fiscal 2023 outlook and reported better-than-expected quarterly earnings, on the back of strong demand for its automation…
Colombia’s central bank raises 2023 inflation forecast to 9.5%
BOGOTA (Reuters) – Colombia’s central bank on Tuesday raised its outlook for 2023 inflation to 9.5% from 8.7%, reflecting persistent consumer price growth that has prompted the bank’s board to raise its…
Bleach maker Clorox raises annual forecasts on higher prices
By Granth Vanaik and Jessica DiNapoli (Reuters) – Clorox Co raised its annual sales and profit forecasts on Tuesday, banking on higher product prices that helped the household staples maker overcome a…
Zimmer Biomet raises annual forecasts on knees and hips unit strength
(Reuters) – Zimmer Biomet Holdings Inc raised its annual sales and profit forecasts on Tuesday, banking on strong demand for its knees and hips products amid a sustained recovery in surgical procedures…
Cummins raises full-year revenue outlook on strong demand for parts
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across its markets. Supply chain issues, which led…
This Small Mortgage Company’s Legal Battle With A Federal Agency Raises Huge Free Speech Concerns, Advocates Say
This Small Mortgage Company’s Legal Battle With A Federal Agency Raises Huge Free Speech Concerns, Advocates Say Katelynn Richardson on April 30, 2023 The Consumer Financial Protection Bureau (CFPB) sued a small…
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