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…
NZ’s Auckland Airport financial chief resigns
(Reuters) – New Zealand’s Auckland International Airport said on Friday Chief Financial Officer Phil Neutze had resigned, after over a decade-long stint with the country’s biggest airport operator. AIA said Neutze, who…
Fed’s Collins says CPI data drives home uneven progress on restoring price stability
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Thursday said the latest inflation data underscores uneven progress toward restoring price stability, in comments…
Housing remains a puzzle in Fed’s inflation fight
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials throughout this year had pinned their hopes for falling inflation in part on an expected easing of U.S. housing price increases that would flow…
High inflation means children go hungry around the world – survey
By Daniel Trotta (Reuters) – High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian group World…
Dollar gains after US consumer prices rise more than expected
By Herbert Lash NEW YORK (Reuters) -The dollar rose sharply on Thursday after U.S. consumer prices rose more than expected in September, lifted by an elevated cost of rent that raised the…
Oil reverses gains after US posts large crude build
By Stephanie Kelly NEW YORK (Reuters) -Oil prices reversed early gains on Thursday in a volatile session, after a large build in U.S. crude stockpiles outweighed expectations that U.S. interest rates had…
US proposes $270,000 fine for joint venture GM battery plant
By David Shepardson WASHINGTON (Reuters) -U.S. investigators on Thursday proposed $270,000 in fines for a General Motors and LG Energy Solution joint venture battery plant in Ohio for safety and health violations.…
Birkenstock’s stock loses footing in second day on Wall Street
(Reuters) – Shares of Birkenstock dropped 6% on Thursday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street debut. In its first session on Wall…
G7 finance leaders condemn Hamas ‘terror attacks’ on Israel
By Leika Kihara and David Lawder MARRAKECH, Morocco (Reuters) -Finance leaders of the Group of Seven (G7) advanced nations on Thursday condemned “terror attacks” on Israel by Hamas and voiced their “unwavering”…
IMF, World Bank see progress on debt relief as Zambia poised to sign deal
By Andrea Shalal, Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Thursday hailed progress on a long-awaited memorandum on Zambia’s debt restructuring, and said consensus was…
Lufthansa extends flight stop to Israel until Oct 22
FRANKFURT (Reuters) – Lufthansa on Thursday extended its suspension of flights to Israel until Oct. 22 over security concerns, the company said. The airlines of the Lufthansa group, which apart from Lufthansa…
JPMorgan chief Dimon warns of ‘ripple effects’ from Middle East violence
(Reuters) – The conflict in the Middle East will have “ripple effects that extend far beyond the region”, JPMorgan Chase’s CEO Jamie Dimon warned in an internal memo to employees seen by…
Qatar World Cup construction workers sue US firm for labor trafficking
By Daniel Wiessner (Reuters) – Dozens of Filipino workers who helped build stadiums that hosted the 2022 FIFA World Cup in Qatar filed a lawsuit on Thursday claiming U.S. construction firm Jacobs…
Tesla to offer German workers pay rise this year
BERLIN (Reuters) – Tesla said on Thursday it will offer a pay rise to workers at its German plant, where unions have said they earn below the industry average. The U.S. electric…
Bets on Fed December rate hike rise after inflation data
(Reuters) – Traders see a stronger chance the Federal Reserve will end up delivering another interest-rate hike this year, and keep rates higher for longer next year, after U.S. data on Thursday…
Fed doves, Fed hawks: US central bankers in their own words
(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the…
Delta says travel boom is not over yet
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines has a message for investors worried about signs of softening demand on domestic routes: the travel boom is not over yet. The Atlanta-based…
IKEA sticks with China despite slowing economy
(Repeats to additional subscribers, no change to text) By Helen Reid MALMÖ, Sweden (Reuters) -China is still a key growth market for budget furniture retailer IKEA despite the world’s second-largest economy showing…
US regulators settle with bankrupt crypto company Voyager, file against ex-CEO
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said it reached a settlement with bankrupt crypto company Voyager that will permanently ban it from handling consumers’ assets. The agency also said it…
Five things to know about the Google antitrust trial as it hits halfway mark
By Diane Bartz WASHINGTON (Reuters) – The U.S. government is near the halfway mark in its court battle with Alphabet’s Google, which it has accused of breaking antitrust law with the tactics…
Options traders see larger-than-usual stock swings as banks report results
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are braced for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data…
Caltech ends high-stakes US patent fight with Apple and Broadcom
By Blake Brittain (Reuters) – The California Institute of Technology has reached an agreement to end a patent lawsuit against Apple and Broadcom over Wi-Fi chips, according to a filing in California…
Biggest Israel ETF suffers sharp outflows in wake of conflict
By Bansari Mayur Kamdar (Reuters) – The iShares MSCI Israel exchange-traded fund (EIS) suffered substantial outflows this week after its price hit a three-year low as clashes between Israel and the Palestinian…
Analysis-Use of weather derivatives surges as extreme climate events rock the globe
By Harry Robertson LONDON (Reuters) – Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to…
Sri Lanka bondholders sent $12 billion debt rework proposal to government -sources
By Jorgelina do Rosario LONDON (Reuters) – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to…
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