Category: producer
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US producer inflation trends higher; labor market remains stable
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Lucia Motikani WASHINGTON (Reuters) -The prices of producers in the United States increased in January, as it provided more evidence that inflation was increasing again and strengthening the financial market views that the Federal Reserve would not reduce interest rates before the second half of the year. The widespread rise…
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Canada May producer price index 0.0% versus 0.5% estimate
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Previous month 1.5% was revised to 1.4% Producer prices rose monthly by 0.0% versus expectations of 0.5%. Year-on-year producer prices rose 1.8% versus 1.4% last month and were revised to 1.3%. This was the largest year-on-year increase since January 2023. Raw material prices on a monthly basis -1.0% compared to…
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Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
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(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…
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Cannabis producer Green Thumb explores merger with Boston Beer, letter shows By Reuters
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(Reuters) – Cannabis producer Green Thumb Industries (OTC:) is ready to submit an offer for a potential merger deal with US-based brewer Boston Beer (NYSE:), according to a letter seen by Reuters. The merger will allow the cannabis production company, currently listed in Canada, to also be listed on a…
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US producer prices increase more than expected in April
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WASHINGTON (Reuters) – U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, suggesting inflation remained high early in the second quarter. The Labor Department’s Bureau of Labor Statistics said Tuesday that the producer price index for final demand rose 0.5%…