
The World’s Next Big Inflation Surprise Is Looming In China
This is meant to be the year global inflation retreats back to target. A boost to demand as China exits Covid lockdowns might keep it higher for longer.
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This is meant to be the year global inflation retreats back to target. A boost to demand as China exits Covid lockdowns might keep it higher for longer.
Whirlpool Corp. said it expects easing raw material costs to provide relief to profitability in 2023, even as economic activity loses steam. The shares rose in late trading.
New York City has set a record for the longest stretch without measurable snow. It could be weeks before enough falls in Central Park to leave a mark on a ruler.
New Zealand restaurateur Kieran Turnbull is so desperate for staff he’s offering sign-on bonuses to lure the bartenders, chefs and waiters he needs to keep his outlets operating.
(Bloomberg) -- Jerome Powell and Wall Street are headed for another face-off this week as the Federal Reserve seeks to slow its inflation-fighting campaign without signaling a readiness to stop.
Aug 9, 2017
Reuters
,The value of Canadian building permits unexpectedly rose in June on increased plans for commercial buildings, though construction intentions for single-family homes decreased, data from Statistics Canada showed on Wednesday.
The 2.5-per cent increase exceeded economists' forecasts for a decline of 2.0 per cent, while May was upwardly revised to show an increase of 10.7 per cent from the initially reported 8.9 per cent.
Non-residential construction plans jumped 8.8 per cent in June, lifted by the commercial building segment amid an increase in intentions for office buildings and student residences in Ontario.
Residential building permits slipped 0.9 per cent as plans for single-family homes slumped, particularly in Ontario. But plans for multi-family homes, which include apartments and condominiums, jumped 12.5 per cent, rising for the third month in a row.
For the second quarter, building permits were up 10.4 per cent compared with the year before, the biggest increase since the third quarter of 2012 as nearly all categories saw an increase in construction plans.