ECB survey sees rise in short- and long-term inflation exactions
FRANKFURT – Euro zone inflation is set to be higher than forecast just a few months ago and even longer-term expectations are moving above the European Central Bank’s 2% target,…
FRANKFURT – Euro zone inflation is set to be higher than forecast just a few months ago and even longer-term expectations are moving above the European Central Bank’s 2% target,…
STOCKHOLM – Swedish utility Vattenfall reported a 54% rise in second-quarter operating earnings on Friday as higher electricity prices across the Nordic region, Germany and the Netherlands boosted sales. Underlying…
SYDNEY – Australia reported one of its highest daily death tolls from the novel coronavirus on Thursday while hospital admissions hovered near record levels, as authorities struggle to get ahead…
(Reuters) – The North American Electric Reliability Corp (NERC) on Wednesday said key entities of the U.S. power grid network were working to improve resilience of the power grid network…
JAKARTA – Foreign direct investment (FDI) into Indonesia rose 39.7% annually in the April-June period in rupiah terms to 163.2 trillion rupiah ($10.89 billion), the investment minister said on Wednesday,…
By Divya Rajagopal TORONTO – Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike last week, and instead are sharpening…
WARSAW – Polish central bankers are weighing the scope of further rate hikes amid risks of an economic slowdown, with one rate-setter arguing future hikes should be smaller while another…
By Saeed Azhar and Elizabeth Dilts Marshall NEW YORK – U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook for dealmaking turns sour amid…
LONDON – Asking prices for British homes advertised for sale this month were 9.3% higher than a year earlier, down from a 9.7% rise in June as mortgage costs rise…
WASHINGTON – U.S. import prices increased less than expected in June, likely as a strong dollar helped to curb gains in the costs of goods excluding petroleum products, offering some…
By Orathai Sriring and Satawasin Sta[censored]charnchai BANGKOK – Thailand’s central bank is highly likely to raise its key policy rate at its August meeting, a senior director said on Thursday,…
SEASIDE HEIGHTS, NJ – After Governor Phil Murphy’s pandemic eviction moratorium ended on December 31st, eviction caseloads across the state have been piling up. While many New Jersey families continue…
BEIJING – China’s exports rose 17.9% in June from a year ago, beating analysts’ expectations as the economy tries to wrestle back lost momentum from extensive COVID lockdowns and supply…
By Susan Mathew and Devik Jain (Reuters) -European shares rose on Tuesday led by beaten-down aerospace, luxury and travel stocks, although worries about an energy supply crunch and a potential…
NEW YORK – U.S. job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows, giving the Federal Reserve ammunition to deliver another 75-basis-point interest…
By David Milliken LONDON – Bank of England regulators are concerned about an increase in the number of failed transactions in the British government bond repo market, which they said…
By David Milliken LONDON -Britain faces an unsustainable debt burden more than three times its current level unless future governments raise taxes to fund increasing costs from an ageing population…
JAKARTA – Indonesia’s foreign exchange reserves increased to $136.4 billion in June, equivalent to 6.6 months worth of imports and up from $135.6 billion a month earlier, the central bank…
TOMS RIVER, NJ – Car theft crimes are on the rise in Toms River, Mayor Maurice Hill acknowledged today. Thieves from New Jersey’s cities are making their way into the…
LAKEWOOD, NJ – With a rise in crime, including car thefts and car burglaries in the five towns, New Jersey area of Lakewood, Howell, Toms River, Jackson, and Brick, Lakewood…
By Lindsay Dunsmuir (Reuters) – There is risk in the United States that businesses and households could see price pressures persisting for a long time and central bankers must act…
LONDON – British public-sector health workers should receive an annual pay rise of 4-5% this year, a government advisory body plans to recommend, according to a report in the Guardian…
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said,…
BERLIN -German trade union ver.di is demanding a 9.5% pay rise, or at least 350 euros ($368) per month more over 12 months, for Lufthansa ground staff to cushion the…
TORONTO – Shares in Shaw Communications and Rogers Communications rallied on Monday on expectations that the sale of Shaw’s mobile unit will eventually pave the way for regulatory approval of…