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 …
Rise
Swedish utility Vattenfall posts 54% profit rise
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 …
Australia battles fresh Omicron outbreak as COVID deaths rise
SYDNEY – Australia reported one of its highest daily death tolls from the novel coronavirus on Thursday while hospital admissions hovered near record levels, as …
U.S. power grid needs to focus on resilience as extreme weather events rise- NERC
(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 …
Indonesia’s Q2 FDI jumps nearly 40% y/y, biggest rise in a decade
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 …
As borrowing costs rise, Canadian companies look to delay expansion plans
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 …
Rates in Poland could rise less aggressively, central bankers say
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 …
U.S. banks take hit on leveraged loans as deals slump, rates rise
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 …
UK property asking prices rise 9.3% on year – Rightmove
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 …
U.S. import prices rise less than expected in June
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 …
Thai key rate likely to rise at Aug meeting – central bank official
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 …
Evictions On the Rise Now that Pandemic Protection Has Ended
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 …
China’s June exports rise 17.9% y/y, imports grow 1.0%
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 …
European shares rise on aero, luxury stocks boost
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 …
INSTANT VIEW: US June payrolls rise more than expected
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 …
Bank of England ‘unhappy’ about rise in failed gilt repos
By David Milliken LONDON – Bank of England regulators are concerned about an increase in the number of failed transactions in the British government bond …
UK faces unsustainable debt burden unless taxes rise, watchdog warns
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 …
Indonesia’s FX reserves rise to $136.4 billion at end-June
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 …
Car Thefts On the Rise in Toms River
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 …
As Car Thefts and Burglaries Rise, Lakewood Police Chief Reminds Residents to Lock Their Doors
LAKEWOOD, NJ – With a rise in crime, including car thefts and car burglaries in the five towns, New Jersey area of Lakewood, Howell, Toms …
Fed’s Mester: Some risk longer-term inflation expectations continue to rise
By Lindsay Dunsmuir (Reuters) – There is risk in the United States that businesses and households could see price pressures persisting for a long time …
UK body to recommend 4-5% pay rise for 1.5 million health workers – Guardian
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 …
OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output …
German union demands 9.5% pay rise for Lufthansa ground staff
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 …
Rogers-Shaw deal approval bets rise after mobile unit sale, shares rally
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 …
GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise
(Reuters) – General Motors Co on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity …
Global equity fund outflows rise on fears of inflationary risks
(Reuters) – Global investors withdrew big money out of equity and bond funds in the week ended June 15, on elevated concerns over rising inflation …
Canada’s finance minister says ‘soft landing’ not guaranteed as rates rise
OTTAWA – Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada’s ability to rein in surging inflation and keep price …
U.S. business inventories rise strongly; sales slow
WASHINGTON – U.S. business inventories increased strongly in April amid a moderation in sales, government data showed on Wednesday. Business inventories rose 1.2% after advancing …
Shares in Brazil airlines rise as Bolsonaro vetoes free checked bags
BRASILIA/SAO PAULO – Brazilian President Jair Bolsonaro has vetoed a Congress-passed measure that would block airlines from charging for checked baggage on their flights, his …
Abortions in U.S. rise, reversing a 30-year trend, new data show
By Sharon Bernstein (Reuters) – Abortions performed in the United States increased by 8% during the three years ending in 2020, reversing a 30-year trend …
New Zealand food prices rise in May
WELLINGTON, June 14 – New Zealand food prices rose 0.7 percent in May, data from Statistics New Zealand showed on Tuesday, while the index rose …
Hitchhiking on the Rise in Northern Ocean County
LAKEWOOD, NJ – Hitchhiking is against the law in New Jersey. Not only that, it’s dangerous. A hitchhiking stop in downtown Lakewood today drew criticism …
U.S. seeks to expand monkeypox testing as cases rise
By Julie Steenhuysen CHICAGO – U.S. health officials are working to expand capabilities to test for monkeypox beyond a narrow group of public health labs, …
Analysis-Buy Now Pay Later business model faces test as rates rise
By Elizabeth Howcroft LONDON – Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the …
Bank of Canada: some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise
By David Ljunggren OTTAWA – Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in …
U.S. power use to rise in 2022 as economy keeps growing – EIA
(Reuters) – U.S. power consumption was on track to rise to record highs in 2022 and 2023 as the economy grows, the U.S. Energy Information …
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 …
Spain’s services activity slows in May, though jobs rise -PMI
MADRID – Activity in Spain’s services sector slowed down in May though companies created jobs at the fastest rate in almost a year as companies’ …
U.S. factory orders rise modestly in April
WASHINGTON – New orders for U.S.-manufactured goods increased less than expected in April, but demand for products remains strong, which should help to keep factories …
BOJ must maintain easy policy until wages rise more, says deputy gov Wakatabe
By Leika Kihara TOKYO -The Bank of Japan must maintain its massive monetary stimulus as inflation has yet to sustainably achieve its 2% target, deputy …
Australia’s new Treasurer argues for minimum wage rise as energy costs spike
SYDNEY – Australia’s new Treasurer on Wednesday said he wanted to see minimum wages rise fast enough to keep pace with surging inflation, as a …
Erie County District Attorney Reports on Rise in Fentanyl Deaths
BUFFALO, NY – On Friday, Erie County District Attorney John Flynn joined Erie County Department of Health Commissioner Dr. Gale Burstein and Opiate Epidemic Task …
Spain retail sales rise 1.5% y/y in April
(Reuters) – Spanish retail sales rose 1.5% in April from a year earlier on a seasonally and calendar-adjusted basis, after falling 4.1% in March, the …
Italy business and consumer morale rise in May but manufacturing still downbeat
ROME, May 26 – Morale amongst Italian businesses and consumers rose in May, data showed on Thursday, with service industries regaining confidence despite the ongoing …
Japan’s corporate service prices rise at fastest pace in over 2 years
TOKYO – An index measuring prices Japanese firms charge each other for services rose in April at the fastest annual pace in more than two …
Australia’s housing boom to deflate as mortgage rates rise: Reuters poll
By Vivek Mishra BENGALURU – Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected …
Sterling set for its biggest weekly rise since Dec 2020 vs dollar
(Reuters) -Sterling was set for its biggest weekly gain since December 2020 against a weakening dollar as the latest economic data suggested the market might …
Dutch budget deficit to rise to 3.4% this year – finance ministry
AMSTERDAM – The Dutch government’s budget deficit will rise to 3.4% of GDP in 2022, the finance ministry said on Friday in its spring budget …
G7 determined to halt rise in inflation – German finance minister
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday …