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May 23, 2022

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European Central Bank member says to expect first rate hikes this summer

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CNBC – For more and to sign up click here Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images The ECB will soon hike rates for the first......

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Reuters
A T.J. Maxx store which is owned by TJX Cos Inc in Pasadena, California U.S., May 15, 2017. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting......

U.N. warns of ‘catastrophic’ child malnutrition due to price hikes, Ukraine war

Reuters
A UNICEF logo is pictured outside their offices in Geneva, Switzerland, January 30, 2017. Picture taken January 30, 2017. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 17 (Reuters) – The cost of life-saving treatment for the most severely malnourished children is set to......

Two or three rate hikes this year appropriate -ECB’s Holzmann

Reuters
European Central Bank policymaker and Austrian National Bank (OeNB) Governor Robert Holzmann attends a news conference in Vienna, Austria December 2, 2019. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register ZURICH, May 7 (Reuters) – The European Central Bank should hike interest rates as many as three......

Indian shares post worst week since November on concerns over rate hikes

Reuters
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India June 20, 2016. REUTERS/Danish Siddiqui Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 6 (Reuters) – Indian shares closed over 1% lower on Friday and registered......

Wall Street tumbles as investors fret over bigger Fed rate hikes

Reuters
Dow drops more than 1,000 points Nasdaq ends at lowest level since Nov. 30, 2020 Traders raise bets on 75 bps rate hike in June Twitter one of few stocks in positive territory Indexes fall: Dow 3.12%, S&P 3.56%, Nasdaq 4.99% May 5 (Reuters) – U.S. stocks ended Thursday sharply......

Bitcoin jumps to $40,000 after Fed chair Powell rules out bigger rate hikes

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CNBC – For more and to sign up click here The price of bitcoin climbed about 6% Wednesday after the Federal Reserve raised rates by half a point β€”the biggest hike in about 20 years β€” as expected. Bitcoin began climbing ahead of the end of the Federal Open Market......

Belgium’s Solvay hikes 2022 profit forecast after 1st quarter beat

Reuters
The logo of Belgian chemical group Solvay is seen at its headquarters in Brussels, Belgium, July 29, 2015. REUTERS/Francois Lenoir Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Solvay SA (SOLB.BR) on Wednesday raised its full-year core profit forecast after the Belgian chemicals group reported......

Investor pessimism mounts as more Fed rate hikes loom

Reuters
A trader works on the floor of the New York Stock Exchange shortly after the market opened in New York September 1, 2015. REUTERS/Lucas Jackson/Files Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 4 (Reuters) – Stock market investors are heading into the U.S. Federal Reserve’s......

Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce

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CNBC – For more and to sign up click here While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a fundamental change in economic and market risks. So, investors may......

Australia hikes its interest rate for the first time in more than a decade

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CNBC – For more and to sign up click here Australia’s consumer price index jumped 2.1% for the first quarter in 2022, with prices of food, petrol and other consumer goods all surging. Peter Parks | AFP | Getty Images Australia hiked its interest rate for the first time in......

Kenyan president hikes country’s minimum wage by 12%

Reuters
NAIROBI, May 1 (Reuters) – Kenyan President Uhuru Kenyatta said on Sunday his government would hike the country’s minimum wage by 12% immediately to help workers cope with a surge in consumer prices, driven in part by the war in Ukraine. “There is a compelling case to review the minimum......

McDonald’s revenue tops estimates, fueled by price hikes and overseas same-store sales growth

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CNBC – For more and to sign up click here McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s on Thursday reported better-than-expected revenue, fueled by price hikes in the U.S. and......

Unilever warns of more price hikes as cost pressures build

Reuters
Unilever logo is displayed in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Q1 underlying sales up 7.3% vs forecast up 4.4% Q1 prices up 8.3%, volumes down 1% Raises H2 cost inflation forecast to 2.7 bln euros April 28......

Mexico’s Grupo Bimbo eyes price hikes as inflation hurts margins

Reuters
The logo of Mexican breadmaker Grupo Bimbo is pictured on a delivery truck in Monterrey, Mexico, August 8, 2018. REUTERS/Daniel Becerril Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, April 26 (Reuters) – Mexican breadmaker Grupo Bimbo’s(BIMBOA.MX)first-quarter net profit rose, boosted by strong sales, but higher raw......

Mexico’s Alfa Q1 net profit jumps, hikes EBITDA guidance

Reuters
MEXICO CITY, April 25 (Reuters) – Mexican conglomerate Alfa (ALFAA.MX) on Monday posted a first-quarter net profit of 4.3 billion pesos ($217 million), up 38% compared with the same period a year earlier, lifted by high industry margins at its chemicals subsidiary Alpek. Earnings before interest, tax, depreciation and amortization......

Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead

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CNBC – For more and to sign up click here Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a 50 basis......

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