FP&amp;L seeks consent for rate increases
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Florida Power &amp; Light plans to ask regulators for an increase in what it can charge customers for electricity in part to recover costs from three hurricanes that hit its service area in August and September.
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WASHINGTON -- Continuing concerns about inflation underpin the Federal Reserve's stand against changes in interest rates.
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By Andrew Balls in Washington and Jennifer Hughes in New York. The Federal Reserve on Tuesday raised interest rates by a quarter point, to 2.25 per cent, and signalled there had been no change in its assessment of current economic conditions.
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Philadelphia Federal Reserve Bank President Charles Plosser on Wednesday said more interest rate increases may be needed to keep price rises in check as the economy resumes growth.
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Blaming recent run-ups in the prices of natural gas and oil, Massachusetts Electric Co. sought permission yesterday to raise rates by nearly 10 percent for 425,000 of its customers starting in November.
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Insurance giant Prudential asks shareholdhers to stump up Â£1bn to fund UK expansion and meet new EU funding rules.
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The lender said it would offer refinancing or modifications on loans whose interest rate is set to adjust by the end of 2008.
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The Bank of England raises UK interest rates to 5.75%, warning that pricing pressures remain elevated.
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Decision time is nearing for the next rate increase by the Postal Service.
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Business & money: Company requests review of 30-year PPP contract.
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OTTAWA - Interest rates are up and are likely going higher but don&#39;t lock in that variable-rate mortgage, experts advised Tuesday after the Bank of Canada raised interest rates a further quarter-point.
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BEIJING, Aug. 19 (Xinhuanet) -- Bank of England policy-makers voted unanimously to raise the interest rates by a quarter point this month, as economic growth outstripped supply capacity, according to the minutes of the Monetary Policy Committee (MPC) ...
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Pepco is seeking permission to raise residential electricity rates in the District an average of 7.8 percent, the company said yesterday, citing the increased cost of maintaining and upgrading its distribution system.
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Hopes that interest rates have peaked were fuelled today by news that the Bank of England this month began considering the case for a cut in the cost of borrowing.
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Business & money: Insurer Resolution is under pressure to seek talks on a Â£35bn bid from rival Pearl Group.
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US Federal Reserve officials had seen the need for more rate hikes over one month before they boosted the federal funds rate for the third time this year two days ago, a document released Thursday showed.
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Federal Reserve policy-makers suggested at their December meeting that they would continue to push short-term interest rates higher to blunt the risk of an inflation flare-up, according to minutes of the Fed's meeting released on Tuesday.