Business

LONDON (Reuters) — Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fueling supply worries, while weak economic data from China and Japan kept a lid on gains. Brent crude rose by $2.26, or 2.2%, to $106.90 a barrel by 1126 GMT while U.…

(CEDA) — The Commonwealth Economic Development Authority’s  board of directors announced the hiring of the agency’s first economic development manager or EDM. Dave Guerrero will be joining CEDA from First Hawaiian Bank in Saipan, where he serves as the bank’s assistant vice president – commer…

(Reuters) — Prices for online goods continued to surge in March at a record pace, data released on Tuesday from Adobe Inc showed, adding a potentially troubling dimension to the Federal Reserve’s battle to slow the overall pace of price increases. Adobe’s digital price index increased b…

WASHINGTON (Reuters) — U.S. monthly consumer prices increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50 basis points interest rate hike from the Federal Reserve next month. The surge in prices…

LONDON (Reuters) — OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China. In a monthly report, the Organization of the Petr…

BENGALURU (Reuters) — The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by Reuters who also say the probability of a recession next year is 40%. With the unemployment rate near a rec…

BARRIGADA, Guam —   Guam Business Magazine is pleased to announce the nominees for the 2021 Guam Business Magazine Executive of the Year. The annual Executive of the Year award program recognizes executives who have made outstanding contributions to the business communities of Micronesia and who ha…

GOVERNOR Ralph DLG Torres and the Governor’s Council of Economic Advisers, or GCEA, presented their annual report to the Saipan Chamber of Commerce last week. The governor underscored the importance of transforming the Commonwealth into a world-class destination, lauding government, private sector,…

OTTAWA (Reuters) — Canada has an ambitious plan to double the pace of homebuilding within a decade but the first big challenge is finding enough skilled workers, as the country grapples with the tightest labor market on record and with construction already at a multi-year high. Building more homes …

NEW YORK (Reuters) — Amazon.com Inc on Friday called for an election re-run after workers at a New York City warehouse voted to create the company’s first U.S. union, saying that the U.S. labor board and worker-organizers suppressed turnout. The Amazon Labor Union rejected the allegations mad…