Lottery heat rises with dual wins in Brooklyn and White Plains
Brooklyn, NY — Two New Yorkers are each $9,304.50 richer after winning top prizes in the Saturday TAKE 5 midday drawing, with winning tickets sold in Brooklyn and White Plains. One of…
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises Will Kessler on August 10, 2023 Inflation rose in July after steadily declining from a high of 9.1% in June 2022,…
Ant group quarterly profit rises 17.5% on year to 13.37 billion yuan – Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations…
US small business confidence rises to 8-month high in July, NFIB says
By Safiyah Riddle (Reuters) – U.S. small business confidence edged up to an eight-month high in July, as concerns about inflation fell to the lowest level in nearly two years, a report…
Greek EU-harmonised inflation rises to 3.5% y/y in July
(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesday. EU-harmonised inflation is an index of components that is used across the EU…
Tunisia migrant wreck toll rises to 11 with 42 missing
TUNIS (Reuters) – Seven more bodies believed to be of migrants who drowned in a shipwreck off Tunisia have washed ashore, local authorities said on Monday, bringing the confirmed death toll to…
Thai inflation slower than expected in July, small rises seen
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s annual headline inflation was weaker than expected in July, helped by lower food and energy prices, and the commerce ministry said on…
Cargill fiscal 2023 revenue rises 7% to record $177 billion
By Karl Plume (Reuters) – Global commodities trader Cargill Inc reported this week that its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for…
Insurer Prudential Financial’s profit rises on strong gains in U.S. unit
(Reuters) – Prudential Financial on Tuesday reported a 21.5% rise in second-quarter adjusted profit as the insurer’s U.S. unit benefited from a higher net investment spread and more favorable underwriting. Its U.S.…
US construction spending rises strongly in June
WASHINGTON (Reuters) – U.S. construction spending increased solidly in June and the prior month’s data was revised higher, boosted by outlays in both single and multifamily housing projects. The Commerce Department said…
Nestle says price rises will moderate in rest of 2023
LONDON (Reuters) – Nestle will raise prices at a more moderate rate in the remainder of 2023, its CEO said on Thursday, as the company hit back at criticism that food manufacturers…
Derivatives exchange CME Group’s profit rises on robust demand
(Reuters) – CME Group Inc reported a rise in its second-quarter profit on Wednesday, as traders turned to the exchange operator’s products to hedge against market volatility triggered by recession fears. Demand…
Singapore June core inflation rises 4.2%, matches forecast
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.2% in June, matching economists’ forecasts, official data showed on Monday. Inflation was lower as prices of food and energy eased, according to…
Thai industrial sentiment rises in June, but political uncertainty a concern
BANGKOK (Reuters) – Thailand’s industrial sentiment rose for the first time in three months in June, bolstered by higher domestic demand, but sluggish exports and uncertainty over the formation of a new…
New Zealand Q2 CPI rises 1.1%, slightly faster than expected
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s consumer inflation came in slightly above expectations in the second quarter, driving swap rates higher as the market pushed out expectations for when the…
China’s June industrial output rises 4.4%, retail sales up 3.1%
BEIJING (Reuters) – China’s industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery. The…
Asking prices for UK homes slip as BoE’s rates rises bite, survey
LONDON (Reuters) – Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer affordability constraints prompted sellers to tempered their price expectations, an industry survey…
State Street beats profit estimates as interest income rises
(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s policy tightening and assets under management rose…
Fed’s Williams says central bank is not done with rate rises – FT
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said the central bank is not done raising its short-term rate target, in an interview…
Bank of Israel pauses rate hikes but warns further rises possible
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left short-term borrowing rates unchanged on Monday for the first time since early 2022, as expected, but warned that rates…
Fed’s Bostic reiterates view Fed done with rate rises
By Michael S. Derby (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic reiterated on Thursday his belief that the likely path of inflation will save the central bank from having…
Recession risk, rate rises drive down private equity deal volumes to 4-year low
By Patturaja Murugaboopathy (Reuters) – Dealmaking by private equity firms hit its lowest in four years, under pressure from high interest rates, recession fears, and a weak outlook for corporate earnings, although…
Singapore May core inflation rises 4.7% y/y, matches forecast
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which excludes private road transport and accommodation costs…
KB Home quarterly revenue rises on higher demand
(Reuters) – KB Home on Wednesday posted a 3% rise in its quarterly revenue, helped by strong demand amid tight supply of homes. Shares of the U.S. homebuilder rose about 1% in…
Bitcoin rises 5.1% at $28,211
(Reuters) – Bitcoin rose 5.1% to $28,211 at 20:49 GMT on Tuesday, adding $1,369 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71% from the year’s low…
Fed officials project more 2023 rate rises, amid hope inflation will still cool
By Michael S. Derby WASHINGTON (Reuters) – U.S. Federal Reserve officials penciled in additional rate rises for this year and said they foresee inflation pressures continuing to ease over the next few…
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