GOP Slams “One Sided” Legislative Hearing on New Jersey’s Soaring Energy Prices
Key Points TRENTON, N.J. — Senate Republican Leader Anthony M. Bucco and Senate Republican Whip Michael Testa launched sharp criticism Thursday against what they described as a “one-sided” legislative hearing on New…
Cubans juggle exchange rates, soaring prices as peso plunges to 30-year low
By Dave Sherwood HAVANA (Reuters) – Rider Gonzalez helps run a small cafe in touristy downtown Havana, a challenge in a country where coffee-shop staples like milk and flour are scarce, sometimes…
German services sector stumbles as soaring inflation hits confidence – PMI
BERLIN (Reuters) – Germany’s services sector contracted for a second month running in August as domestic demand came under pressure from soaring inflation and faltering confidence, a survey showed on Monday. S&P…
OPEC not to blame for soaring inflation, secretary general tells CNBC
(Reuters) – Inadequate investment in the oil and gas sector is the chief reason behind the recent spike in prices and OPEC is not to blame, OPEC Secretary-General Haitham Al Ghais told…
Brazil’s public debt rises 2.5% in June, interest rates keep soaring
BRASILIA -Brazil’s federal public debt grew 2.51% in June from the month before, and the average cost of domestic debt issuance kept soaring amid greater risk aversion, the Treasury said on Wednesday.…
Australia’s Lynas fourth-quarter revenue jumps on soaring rare earths demand
(Reuters) – Australia’s Lynas Rare Earths Ltd on Monday posted a 58% rise in quarterly revenue as the miner of essential metals cashed in on soaring global demand for greener sources of…
Soaring corporate tax an ‘incredible vulnerability’ for Irish economy – official
By Padraic Halpin DUBLIN – Ireland’s reliance on just 10 multinational firms to pay over half of the country’s soaring corporate tax receipts represents an “incredible level of vulnerability” for the economy,…
Ukraine war, soaring costs shake Australia farmer confidence – survey
SYDNEY – Australian farmers’ confidence fell in the latest quarter, as rising production costs took some shine off high commodity prices and prospects of a bumper harvest, a survey showed on Tuesday.…
Israel to boost building starts in bid to rein in soaring housing costs
By Steven Scheer JERUSALEM – Israel’s government plans to sharply boost construction starts and expand a discount scheme aimed at restraining rapidly rising housing prices as demand continues to outstrip supply. Under…
U.S., European thirst for fuel sends physical oil prices soaring
By Noah Browning and Alex Lawler LONDON – Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for…
Analysis-Jetmakers’ inflation shield no match for soaring costs
By Tim Hepher DUBLIN – Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft prices but still leaving manufacturers unable to…
Steelmaker JFE seeks product price hike of $230/T amid soaring material costs
TOKYO -Japan’s No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of raw materials…
Explainer-Rivaling Cold War exodus, Cuban migration to the U.S. is soaring. Here´s why
By Dave Sherwood HAVANA – The number of Cubans leaving their homeland has soared in recent months. The migration, often via irregular and dangerous routes over land and sea, has sparked new…
Lights go out on Erdogan rival who refused to pay soaring power bills
ANKARA – The leader of Turkey’s main opposition party said on Thursday that he will sit in the dark for a week after power had been cut at his home as he…
‘Consumers Lose’: Biden’s Ethanol Gambit Will Send Food Prices Soaring, Critics Say
‘Consumers Lose’: Biden’s Ethanol Gambit Will Send Food Prices Soaring, Critics Say Thomas Catenacci on April 14, 2022 Corn prices, and therefore meat prices, are expected to surge amid the global food…
‘Enough Is Enough’: DC Police Slam Local Politicians For Soaring Crime In Ad Campaign
‘Enough Is Enough’: DC Police Slam Local Politicians For Soaring Crime In Ad Campaign Laurel Duggan on April 13, 2022 The DC Police Union blamed local government policies for soaring crime rates…
U.S. airline demand, costs soaring as earnings kick off
By Rajesh Kumar Singh CHICAGO -Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are mitigating mounting inflationary pressures when they report…
Soaring imports deepen EU’s China trade deficit – Eurostat
(Reuters) – The European Union’s trade deficit with China grew by over a third last year, the bloc’s statistics office said on Friday, as it took in soaring imports from the Asian…
New Jersey Dems Block GOP Effort to Discuss Biden Energy Crisis, Soaring Gas Prices at Statehouse
TRENTON, N.J. – New Jersey Democrats blocked a GOP effort to discuss soaring gas prices and America’s energy crisis this week and there’s nothing Republicans could do about it, being outnumbered in…
Lennar forecasts strong Q2 profit on soaring demand for homes
– U.S. homebuilder Lennar Corp on Thursday forecast current-quarter profit above Street estimates, as strong demand for costlier homes continue to buoy its performance amid the supply challenges faced by the industry.…
Asian bonds receive foreign inflows in Feb despite soaring geopolitical concerns
By Gaurav Dogra – Emerging Asian bonds excluding China continued to see foreign inflows for a 21st straight month in February, but analysts are turning pessimistic about the outlook due to concerns…
Europe-wide gas price cap needed to limit soaring costs – Engie CEO
BRUSSELS – A Europe-wide cap on gas prices is needed to respond to soaring prices and contain price volatility in the gas and electricity markets, Engie chief executive Catherine MacGregor said on…
Soaring prices set stage for eventual reversal of oil, gas demand
By Sabrina Valle, Arathy Somasekhar and Liz Hampton HOUSTON – Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to…
Russian-Ukraine fears send CDS debt insurance costs soaring
LONDON – The cost of insuring against a Russian government debt default soared by almost 50% on Monday and premiums on other emerging market countries, junk bonds and swathes of Europe’s banks…
Occidental Petroleum posts profit on soaring crude prices
– U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs from pandemic-driven…
Chesapeake Energy reports higher profit on soaring crude prices
– Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose 14.5% in the fourth quarter from the third, helped by a surge in energy prices…
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