Groton Selected as Navy awards $642M contract boost for Virginia class submarine work
Groton, CT – General Dynamics Electric Boat Corp. has secured a $642.3 million contract modification to continue design and support work for the Navy’s Virginia class submarine program, the Pentagon announced. Contract…
China’a Q3 GDP growth seen slowing to 4.4% as headwinds persist: Reuters poll
By Kevin Yao BEIJING (Reuters) – China’s economy is expected to have slowed in the third quarter as demand at home and abroad faltered, but increased support from the government means Beijing…
India’s September wholesale price index falls 0.26% y/y
NEW DELHI (Reuters) – India’s wholesale price index in September fell 0.26% from a year earlier, according to government data released on Monday. Economists polled by Reuters had estimated the wholesale price…
French retailer Casino agrees initial deal to sell stake in Exito Group
PARIS (Reuters) -Indebted French supermarket chain Casino said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito to Grupo Calleja. Casino’s board on…
Take Five: War and peace of mind
LONDON (Reuters) -Geopolitics are at the forefront of everyone’s minds after war broke out between Israel and Palestinian militant group Hamas, and the mood in markets is jittery at best. This week…
Cancelled tours, empty hotels: Israeli, Palestinian tourism reels as conflict escalates
By Joanna Plucinska, Steven Scheer and Doyinsola Oladipo BETHLEHEM/JERUSALEM (Reuters) – Early this month, the main square and streets around Bethlehem’s Church of the Nativity were bustling with tourists. Now they are…
Job or baby? Italian women’s struggle to have both holds back growth
By Valentina Za, Giuseppe Fonte and Elisa Anzolin MILAN (Reuters) -Elena has a seven-month old baby and is about to quit her job, unable to overcome the difficulties of combining motherhood and…
EU seeks to ease US tariff, green subsidy threats
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the U.S. Inflation…
China ramps up liquidity support to banking system
SHANGHAI (Reuters) -China’s central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged amid concerns about the…
Key takeaways from IMF/World Bank meetings in Morocco
MARRAKECH, Morocco (Reuters) -The International Monetary Fund and World Bank wrapped up annual meetings in Morocco on Sunday with some progress towards increasing their lending resources but confronting a new economic shock…
Marketmind: Stocks ease in nervous Gaza wait
A look at the day ahead in European and global markets from Kevin Buckland A nervous watch has gripped markets as Israel prepares to roll troops into Gaza and worries mount that…
South Korea plans to offer bigger tax refunds to foreign tourists – Finance Minister
SEOUL (Reuters) – South Korea is considering raising the maximum amount of tax refunds for foreign tourists on their domestic shopping, its finance minister said on Monday, to boost consumer spending amid…
Lithium developer Liontown to raise funds after Albemarle dumps $4.2 billion bid
By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) -Australian lithium developer Liontown Resources on Monday entered a trading halt to raise funding for its flagship Kathleen Valley lithium project after U.S.-based miner…
Chevron Australia LNG unions stick to strike plan even as pay talks continue
By Lewis Jackson SYDNEY (Reuters) -Unions at Chevron’s liquefied natural gas (LNG) facilities in Australia reaffirmed their plan to resume strikes this week as mediated talks continued on Monday, sparking angry comments…
IMF warning on China puts ‘Japanization’ risk in spotlight
(This Oct. 13 story has been refiled to correct the spelling of Hiroshi Watanabe’s name in paragraph 1) By Leika Kihara MARRAKECH, Morocco (Reuters) – Hiroshi Watanabe, Japan’s former top currency diplomat,…
Vietnam lawmakers expect country to miss 2023 GDP growth target
HANOI (Reuters) – Vietnam is expected to miss this year’s economic growth target, the country’s lawmaking body said on Monday. “The manufacturing sector, the country’s economic driver for years, has been slowing…
NZ’s Fletcher Building set for worst day in 12 years amid pipe leak claims
(Reuters) – New Zealand-listed shares of Fletcher Building slumped 14% in resumed trade on Monday even after the firm denied claims that plumbing failures reported in several homes in Australia were due…
Why New Jersey Residents Can’t Pump Their Own Gas and Everyone Else in America Can
New Jersey stands alone as the only state in the U.S. where customers are not allowed to pump their own gas—every gas station is full-service, with attendants ready to fill up your…
New Jersey’s Most Famous Diner Serves 15,000 Customers Each Week
NEWARK, NJ – Since its establishment in 1942, Top’s Diner in East Newark, New Jersey has garnered a reputation as one of the most outstanding diners in the country. Located in the…
Deadly Shooting At NYC Strip Club Sent Women Running Outside Naked
New York, NY – A 32-year-old man was shot and killed in a Midtown after-hours strip club early Sunday morning, causing panic and chaos among patrons and women working at the club,…
Persistent US services inflation dampens oil outlook: Kemp
By John Kemp LONDON (Reuters) -U.S. service-sector businesses returned to steady expansion in the third quarter after a brief and scarcely perceptible slowdown in the second quarter, according to business surveys. But…
Honeywell sees steady demand for business jets over the next decade
By Shivansh Tiwary (Reuters) – Global demand for new business jets is expected to stay strong over the next decade, Honeywell said on Sunday, as the engine maker projected deliveries of about…
Global markets watch for fallout as Middle East tensions rise
By Matt Tracy and Saqib Iqbal Ahmed WASHINGTON (Reuters) -The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in…
Australia central bank sees possible cost savings in tokenisation
SYDNEY (Reuters) – Australia’s central bank on Monday said tokenised money could help save billions of dollars in costs in domestic financial markets, as it studies whether and how to launch a…
Asking prices of UK homes show smallest October rise since 2008
LONDON (Reuters) – Asking prices for homes in Britain have risen at their slowest pace for the time of year since 2008, property website Rightmove said on Monday in a latest sign…
Marketmind: Amid the fog, look out for China GDP this week
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday look set to open on a cautious footing…
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