Ackman says rates should be ‘materially higher’ to kill inflation
(Reuters) – Billionaire investor Bill Ackman on Thursday said he expected inflation to come down soon, but not to the level of 2% unless the …
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Panama’s ex-president Martinelli says will run again in 2024
By Elida Moreno PANAMA CITY – Former Panamanian President Ricardo Martinelli, who faces open corruption investigations, declared on Thursday his intention to run as an …
The Pelosis ‘Appear To Have Taken Advantage Of Inside Information,’ Says Former Fed Chair
The Pelosis ‘Appear To Have Taken Advantage Of Inside Information,’ Says Former Fed Chair Gabe Kaminsky on July 28, 2022 Nancy Pelosi and her husband …
U.S. says insurers must still cover birth control after Supreme Court abortion ruling
By Daniel Wiessner (Reuters) – The Biden administration on Thursday warned U.S. businesses and health insurance providers that limiting coverage of contraceptives, after a U.S. …
Ex-JPMorgan traders’ racketeering trial draws to close
By Jody Godoy (Reuters) -Three former JPMorgan Chase & Co employees began delivering their final defense against conspiracy and racketeering charges on Thursday, with an …
Colombia’s next finance minister says rate rises have limited impact on inflation
BOGOTA – Interest rate hikes have a limited capacity to rein in accelerating inflation because supply issues are one of the key drivers of consumer …
Poland wants right to block EU plan to reduce gas demand, PM says
WARSAW – Polish Prime Minister Mateusz Morawiecki said on Thursday that a possible decision on a compulsory reduction in gas consumption in the European Union …
Yellen says U.S. economy slowing, but still shows job, spending strength
WASHINGTON – U.S. Treasury Secretary Janet Yellen said on Thursday a second quarter contraction of U.S. economic output was a sign of an inevitable slowdown …
L’Oreal may continue to raise prices in a targeted manner, CEO says
By Mimosa Spencer PARIS – L’Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would …
Integrated Mideast defence system still only an idea, says U.S. official
DUBAI – A senior U.S. administration official said on Thursday that there was no framework yet for an integrated Middle East air and missile defence …
Prada weighs dual listing in Milan, but says not a priority
By Claudia Cristoferi and Silvia Aloisi MILAN – A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury …
Chip crunch easing could weigh on pricing power, Tavares says
MILAN – A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers’ pricing power that has been …
Porsche listing plans on track, Volkswagen CFO says
BERLIN – Preparation for a listing of Volkswagen’s sportscar brand Porsche later this year is continuing, with a decision expected in late summer, the carmaker’s …
HKMA chief says expects overnight interbank rate to rise at much faster pace
HONG KONG – Hong Kong Monetary Authority (HKMA) chief Eddie Yue said on Thursday he expects the city’s overnight and one-month interbank rate to continue …
Powell says markets have been orderly as Fed has hiked rates
NEW YORK – Federal Reserve Chair Jerome Powell on Wednesday said he has been gratified to see that financial markets have behaved in an orderly …
Siemens Energy says it has no damage reports from Gazprom on Nord Stream 1 turbines
BERLIN – Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia’s …
China needs COVID strategy rethink to limit economic harm, IMF official says
By Jorgelina do Rosario, Karin Strohecker and Rodrigo Campos LONDON – China needs to rethink its zero-COVID policy to avoid more harm to the economy, …
U.S. Treasury official says IMF SDR lending pledges reach about $58 billion
WASHINGTON – Pledges from wealthier International Monetary Fund members to lend IMF Special Drawing Rights reserves to poorer countries through two IMF trust funds have …
WHO confirms two more Marburg virus cases in Ghana, says official
(Reuters) -The World Health Organization has confirmed two more cases of Marburg virus in Ghana, a senior WHO official said on Wednesday, two weeks after …
No Longer Just a Shore Problem; North Plainfield Says Zero Tolerance for Popup Parties
NORTH PLAINFIELD, NJ – 2022 is becoming the year of the popup party. Large, loosely organized get-together in public and private spaces that typically turn …
U.S. air controller union chief says FAA staffing not keeping up
By David Shepardson WASHINGTON – The president of a union representing federal air traffic controllers said Tuesday the U.S. Federal Aviation Administration (FAA) needs to …
‘What Is Your Job?’: Cruz Says Top Biden Admin DEI Official Is ‘Encouraging’ Discrimination
‘What Is Your Job?’: Cruz Says Top Biden Admin DEI Official Is ‘Encouraging’ Discrimination Harold Hutchison on July 26, 2022 Republican Sen. Ted Cruz of …
Cutting U.S. deficits would help the Fed tame inflation, White House says
WASHINGTON – The Biden administration’s goal of cutting deficits would help the Federal Reserve in its efforts to cut inflation, a top White House economic …
IMF says not holding active discussions on potential new SDR issue
By David Lawder WASHINGTON – A new issue of International Monetary Fund Special Drawing Rights reserves is among options that could be considered to aid …
Biden’s COVID symptoms ‘almost completely resolved’, his physician says
WASHINGTON – U.S. President Joe Biden’s COVID-19 symptoms have now “almost completely resolved” and he now feels well enough to resume his physical exercise regimen, …
Ukraine says it can save nearly $5.5 billion by postponing debt repayments
KYIV – Ukraine can save 200 billion hryvnias ($5.45 billion) for priority needs by deferring its external debt repayments, Prime Minister Denys Shmyhal said on …
Biden says Trump is anti-police, lacked courage to stop Jan. 6 attack
By Trevor Hunnicutt WASHINGTON – U.S. President Joe Biden ripped several of his possible Republican 2024 election opponents on Monday, including saying that his predecessor …
Biden to hold meeting on semiconductor bill, White House says
WASHINGTON – President Joe Biden will meet virtually with chief executive officers and labor leaders on Monday as part of his administration’s latest push for …
Mayor Hill Says His 10-Story Downtown Toms River Apartment Towers Project ‘Looks Nice on Paper’
TOMS RIVER, NJ – For years, Toms River Mayor Maurice Hill has sandbagged residents regarding the truth about the new massive twin tower apartment building …
BOJ new board member says exit from easy policy will become focus if wages rise
TOKYO – The Bank of Japan’s new board member Naoki Tamura said on Monday an exit from the central bank’s ultra-easy monetary policy will become …
ECB’s Kazaks says big hikes may not be over after July move – Bloomberg
(Reuters) – The European Central Bank (ECB) may not be done with big interest rate hikes after its initial half-point hike last week, Latvian central …
Indonesia central bank says to ensure QE-era bond sales do not disrupt market
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s central bank said a plan to sell billions of dollars worth of bonds bought during the …
Russian investigator says wants new tribunal for Ukraine
(Reuters) – The head of Russia’s investigative committee said Moscow had charged 92 members of Ukrainian armed forces with crimes against humanity and proposed an …
Jackson Councilman Flemming Says Four Private Schools Too Much For Leesville Road, Suggests Compromise
JACKSON, NJ – After Lakewood Developer Mordechai Eichorn submitted a proposal to build four private schools on Leesville Road that would bring up to 4,000 …
U.S. weighs jets for Ukraine but not near-term, White House says
WASHINGTON – The U.S. Department of Defense is considering whether it can send fighter jets to Ukraine in the future, a White House spokesman told …
ECB will raise rates until inflation falls back to 2%, Lagarde says
FRANKFURT – The European Central bank will raise its interest rates until inflation falls back to its 2% target, the ECB’s President Christine Lagarde said …
Man accused of impersonating U.S. agent to plead guilty, court filing says
By Sarah N. Lynch and Kanishka Singh WASHINGTON – A man accused of posing as an agent with the U.S. Department of Homeland Security and …
Russia to review foreign bank sales case-by case, central bank says
MOSCOW – Russian’s central bank will review deals by foreign banks to sell their Russian operations on a case-by-case basis, the governor Elvira Nabiullina said …
Germany faces slower growth and new spike in inflation, Bundesbank says
FRANKFURT – The German economy is likely to have grown less than expected this quarter and may face a new spike in inflation in September …
Spain says ECB’s tool to control government bond spreads are ‘appropriate’
MADRID – Spain’s Economy Minister Nadia Calvino said that the European Central Bank’s tools to try to keep government bond spreads down are adequate. “The …
Several Illegal Migrants Who Died In Overpacked Texas Trailer Had ‘Serious Criminal Records,’ Dem Rep Says
Several Illegal Migrants Who Died In Overpacked Texas Trailer Had ‘Serious Criminal Records,’ Dem Rep Says Jennie Taer on July 21, 2022 Eleven of the …
U.S. Vice President Harris is close COVID contact of Biden, official says
(Reuters) – U.S. Vice President Kamala Harris is considered to be a close COVID-19 contact of President Joe Biden following his positive test, a White …
Joe Biden Says He Has Cancer; Staff Later Clarifies Statement
President Joe Biden has cancer. The President made the claim this week in an effort to derail the oil industry and oil refineries in his …
Biden says he’s ‘doing great,’ ‘keeping busy’ despite COVID
WASHINGTON – U.S. President Joe Biden on Thursday said he is “doing great” and keeping busy after testing positive for COVID-19. “Folks, I’m doing great. …
Harris Slams America, Says Pro-Life Movement is Like Slavery, Now NJ Taxpayers Have to Pay $3.2 Million
ATLANTIC CITY, N.J. – Vice President Kamala Harris visited Atlantic City on Monday to speak before the annual NAACP convention in a campaign-style speech. Now, …
China to keep real estate financial policy consistent, regulator says
BEIJING – China will keep real estate financial policies consistent and stable, the country’s banking and insurance regulator said on Thursday. An orderly property market …
Taiwan’s concerns on speed of arms sales will be conveyed to U.S., says ex-U.S. defence secretary
TAIPEI – Former U.S. defence secretary Mark Esper said on Thursday he would take back to Washington D.C. concerns expressed in Taiwan about the speed …
Mexico says receives Canadian request for trade dispute consultation
MEXICO CITY – Canada has sent Mexico a request to initiate a dispute consultation under the United States-Mexico-Canada (USMCA) trade pact, the Mexican economy ministry …
‘Absolute Madness’: Laura Ingraham Says Green New Deal Proponents Want To Make Americans Feel ‘Pain’
‘Absolute Madness’: Laura Ingraham Says Green New Deal Proponents Want To Make Americans Feel ‘Pain’ Harold Hutchison on July 20, 2022 Fox News Host Laura …
Airbus sales chief says about time Boeing got back some steam
(Reuters) – Airbus’ sales chief when asked about rival Boeing announcing orders at the Farnborough Airshow said it was time for the U.S. planemaker to …