Ocean County to host public workshop on roadway safety plan as pedestrian crashes on the rise
TOMS RIVER, N.J. — Pedestrian crashes are on the rise in northern Ocean County and tonight, local leaders and the NJTPA is hosting a forum for residents to discuss solutions. Ocean County…
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 investment minister said on Wednesday, the biggest…
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 week, and instead are sharpening their focus…
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 should be smaller while another said rates…
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 for dealmaking turns sour amid rising interest…
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 June as mortgage costs rise sharply for…
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 excluding petroleum products, offering some hopeful sign…
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 senior director said on Thursday, as other…
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 many New Jersey families continue to struggle…
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 extensive COVID lockdowns and supply chain snags,…
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 supply crunch and a potential global recession…
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 to deliver another 75-basis-point interest rate increase…
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 repo market, which they said “reflected very…
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 costs from an ageing population and falling…
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 month earlier, the central bank said in…
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 making their way into the community and…
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 River, Jackson, and Brick, Lakewood Police Chief…
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 and central bankers must act resolutely to…
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 a report in the Guardian newspaper on…
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 increases in August, sources said, hoping to…
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 ground staff to cushion the effects of…
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 way for regulatory approval of the Canadian…
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 and shipping costs amid high demand for…
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 levels and chances of an economic recession…
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 gains from becoming entrenched, but said there…
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 2.4% in March, the Commerce Department said.…
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