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…
Country Garden founding family provides $300 million loan, selling jet – report
HONG KONG (Reuters) – The founding family of Country Garden recently loaned the embattled Chinese property developer $300 million interest free, and the family was also trying to sell its private jet,…
Pakistan set to meet some key targets set by IMF – central bank chief
KARACHI, Pakistan (Reuters) – Pakistan’s central bank has met an end-September deadline for a forward book target of $4.2 billion agreed with the IMF, and is comfortably placed to meet others on…
Inflation has peaked in Germany – Bundesbank’s Nagel
MARRAKESH (Reuters) – Inflation in Germany is on a downward trajectory, Bundesbank President Joachim Nagel said on Friday on the sidelines of an International Monetary Fund meeting in Marrakesh. “It seems we…
Exclusive-Star Chinese fund manager Wang detained and under investigation -sources
(Reuters) -Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with knowledge of the matter. The 52-year-old founder…
German economy expected to shrink slightly in Q3 – econ ministry
BERLIN (Reuters) – Germany’s economy is seen as shrinking slightly in the third quarter as the global economic slowdown, money tightening and energy prices slow its expected recovery, the economy ministry said…
KKR prepares binding bid for Telecom Italia’s grid as deadline looms
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TIM) landline grid by a deadline on Sunday as part of a…
Brooks Macdonald lines up defence adviser amid takeover interest –sources
By Pablo Mayo Cerqueiro, Emma-Victoria Farr and Amy-Jo Crowley LONDON/FRANKFURT (Reuters) -Brooks Macdonald is working with a defence adviser on its strategy amid takeover interest, three people familiar with the matter told…
Rouble steadies, locking in gains made after Putin ordered capital controls
MOSCOW (Reuters) – The Russian rouble steadied near 97.5 to the dollar on Friday, locking in the hefty gains made in the previous session after President Vladimir Putin ordered the mandatory sale…
Sri Lanka president to visit China as debt talks progress – source
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source…
Aussie lender ANZ loses case over troubled 2015 share placement worth $1.6 billion
(Reuters) -Australia’s ANZ Group on Friday lost a landmark lawsuit that found it guilty of not disclosing to public that its underwriters had bought nearly one-third of a share issue worth A$2.5…
China central bank seen keeping medium-term policy rate unchanged on Monday – poll
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is expected to keep borrowing costs unchanged but ramp up liquidity support when it rolls over 500 billion yuan ($68.44 billion) worth of medium-term policy loans…
Chevron Australia, unions make progress in LNG talks but deal elusive
By Lewis Jackson SYDNEY (Reuters) – Negotiations over a stalled pay and conditions deal between Chevron and unions at its liquefied natural gas (LNG) facilities in Australia made progress on Friday, but…
Porsche: deliveries up in every region but China in first 9 months of 2023
BERLIN (Reuters) – Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, reaching 242,722 vehicles, with growth seen in every region…
Exclusive-Banks in UK assess China risks after being stung by Russia sanctions
By Iain Withers and Kirstin Ridley LONDON (Reuters) – Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the…
China’s export, import growth with Russia quickens in September
BEIJING (Reuters) – The growth of China’s exports and imports with Russia on a year-on-year basis quickened in September from August, China’s customs data showed on Friday, as it urged deeper trade…
Japan Sept CPI seen staying above BOJ target for 1-1/2 years- Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s core inflation likely stayed above the central bank’s 2% target for an 18th straight month in September, although consumer prices probably rose at their slowest…
Exclusive-German builders to confront Scholz with demands to stem property rout
By Tom Sims and John O’Donnell FRANKFURT (Reuters) – German Chancellor Olaf Scholz is facing fresh demands to stem a property crisis in Europe’s largest economy after a recent summit aimed at…
WTO chief warns of ‘really big impact’ on trade if Israel-Hamas conflict widens
By Andrea Shalal MARRAKECH, Morocco (Reuters) – World Trade Organization chief Ngozi Okonjo-Iweala said she hoped the Israel-Hamas conflict could be ended quickly, warning it would have a “really big impact” on…
Japan households’ inflation expectations rise slightly – BOJ poll
TOKYO (Reuters) -Japanese households’ inflation expectations rose slightly in the three months to September, a central bank quarterly survey showed on Friday. The survey will be among factors that the Bank of…
Analysis-Fed pivot hopes whipsaw Treasury market as investors hunt for rate peak
By Davide Barbuscia NEW YORK (Reuters) – Shifting views on the Federal Reserve’s monetary policy trajectory are roiling the U.S. Treasury market, as investors gauge how close the central bank is to…
Marketmind: Rate jitters are back
A look at the day ahead in European and global markets from Ankur Banerjee Inflation remains the watch word in the markets on Friday as investors await data on consumer prices from…
Instant view: China’s soybean and copper imports fall on year, crude oil up
(Reuters) – China’s exports and imports shrank at a slower pace for a second month in September, customs data showed on Friday, adding to the recent signs of a gradual stabilisation in…
Analysis-Polish markets at crossroads on rocky road to election
By Karin Strohecker and Marc Jones LONDON (Reuters) – An unpredictable race in Poland’s high-stakes election has left markets in Europe’s largest emerging economy in limbo. Pre-election polls point to a win…
Newcrest investors strongly approve $17 billion Newmont takeover
By Scott Murdoch SYDNEY (Reuters) -Newcrest Mining shareholders have voted strongly in favour of accepting the A$26.2 billion ($16.81 billion) buyout bid from global gold mining giant Newmont Corporation, Australia’s largest corporate…
China considers new stabilization fund to prop up stock market – Bloomberg News
(Reuters) – China is considering creating a state-backed stabilization fund to shore up confidence in its equity markets, Bloomberg News reported on Thursday. Financial regulators, including the China Securities Regulatory Commission (CSRC),…
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