China raises holdings of Treasuries in July, Japan cuts holdings -Treasury data
NEW YORK (Reuters) – China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government …
Raises
Invesco raises $5.4 billion in China investments in first half; flags economic risks
(Corrects 10th paragraph to show company plans to increase holding in joint venture, not that it has no such plans) By Selena Li HONG KONG …
Cathay Pacific Airways raises passenger capacity forecast
(Reuters) -Hong Kong’s Cathay Pacific Airways expects to reach a third of pre-pandemic passenger capacity by the end of the year, increasing a previous estimate …
AIG unit Corebridge raises $1.68 billion in year’s largest IPO
By Echo Wang NEW YORK (Reuters) -AIG Inc’s life insurance and retirement division Corebridge Financial Inc raised $1.68 billion on Wednesday in the biggest initial …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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% …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
‘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 …
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 …
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 …
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 …