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…
IMF’s chief economist urges Italy to toughen budget plans -media
ROME (Reuters) – The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund “a bit worried”, its chief economist, Pierre-Olivier Gourinchas,…
Malaysia says TikTok fails to fully comply with local laws
KUALA LUMPUR (Reuters) -TikTok has not done enough to curb defamatory or misleading content in Malaysia, the communications minister said on Thursday, adding that the short video application had also failed to…
Honda, Mitsubishi Corp sign pact to optimise use of EV batteries
TOKYO (Reuters) – Japanese automaker Honda Motor and trading house Mitsubishi Corp have signed a pact to explore new businesses using electric vehicle (EV) batteries, the companies said on Thursday. The move…
Publicis raises 2023 sales target again as Q3 beats estimates
By Olivier Sorgho (Reuters) – Publicis, the world’s largest advertising group by market value, on Thursday increased its 2023 sales and margin forecasts as it beat expectations in the third quarter, defying…
BoE’s Dhingra says economy has ‘already flatlined’ – BBC
(Reuters) – Bank of England policymaker Swati Dhingra said the economy has already flatlined and about 20% or 25% of the impact of interest rate hikes has fed through to the economy,…
Marketmind: Inflation test looms for Fed doves
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland Just as markets start to get comfortable with the idea of a dovish Fed, ugly…
Exclusive-Kenya plans $500 million Eurobond buyback with new loans – cenbank governor
By Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion 2024 international bond before year-end after it…
Goldman Sachs sues Malaysia over 1MDB settlement
(Reuters) – Goldman Sachs Group sued Malaysia in a UK court on Wednesday, as tensions escalate over a settlement agreement on the bank’s role in the multi-billion dollar 1MDB corruption scandal. “Today,…
South Korea household debt growth slows in September
SEOUL (Reuters) – South Korea’s household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday. Total household…
Toshiba to go private on Dec 20 after successful $13 billion takeover bid
TOKYO (Reuters) – Toshiba Corp said on Thursday it will hold an extraordinary shareholder’s meeting on Nov. 22 to approve the consolidation of its shares, which will be delisted from the Tokyo…
Haunted Asylum Awaits Thrillseekers in North Jersey
New Jersey, a state renowned for its shoreline, the legendary Bruce Springsteen, and…haunted asylums? For those seeking an adrenaline rush beyond the roller coasters of its famed boardwalks, the Brighton Asylum awaits.…
Fed’s Collins says economy has yet to feel full impact of Fed rate hike cycle
NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Wednesday said central bank rate rises are still working through the economy. “I don’t think that we have seen…
Luxair, Aerolineas Argentinas to add Embraer’s E195-E2 to their fleets
By Gabriel Araujo SAO PAULO (Reuters) -Aerolineas Argentinas and Luxair said on Wednesday they will buy Embraer’s E195-E2 jet for their fleets, helping ease investor concerns about demand for the Brazilian planemaker’s…
Japan Aug machinery orders fall, overseas slowdown may weigh
TOKYO (Reuters) – Japan core machinery orders fell for a second straight month in August, suggesting worries about a global economic slowdown and China’s wobbly recovery may be hurting companies’ appetite to…
Mexico pitches tax breaks to lure foreign investment, infrastructure doubts persist
By Valentine Hilaire MEXICO CITY (Reuters) – Mexico on Wednesday issued a decree to grant tax breaks for companies that relocate operations to Mexico, targeting major export industries such as carmaking and…
Wall Street advances as bond yields fall, investors digest Fed minutes
By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street’s major indexes closed higher after Wednesday’s choppy session with the release of minutes from the U.S. Federal Reserve’s last meeting showing caution…
Most Japanese firms expect China’s economic slowdown to persist into 2025 – Reuters poll
By Tim Kelly TOKYO (Reuters) – Most Japanese companies expect a slowdown in China’s economy to persist into 2025, with nearly two thirds of firms that operate there looking to shift some…
Liontown extends due diligence for $4.2 billion Albemarle buyout
MELBOURNE (Reuters) -Australia’s Liontown Resources on Thursday said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by U.S.-based Albemarle, even as…
Fed QT mix may be capping, not spurring, long yields: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The recent surge in long-dated U.S. bond yields to their highest since 2007 has a few plausible triggers, but the Fed’s quantitative tightening (QT) policy of…
Microsoft says US has asked for $28.9 billion in audit dispute
By Stephen Nellis (Reuters) -Microsoft said on Wednesday the U.S. Internal Revenue Service (IRS) in September notified the company that it is seeking an additional tax payment of $28.9 billion, plus penalties…
Rutter’s to Pay $1 Million in Settlement After Major Data Breach
HARRISBURG — Attorney General Michelle Henry has revealed a settlement with the Pennsylvania-based convenience store chain, Rutter’s, following a series of cybersecurity attacks that compromised data from over a million customer payment…
Air New Zealand eyes lower earnings for first half as domestic demand softens
By Ayushman Ojha (Reuters) -Air New Zealand on Thursday flagged lower earnings for first half of fiscal 2024 on a recent softness in domestic travel demand and volatility in jet fuel prices,…
Marketmind: Fed pivot reality check for emerging markets?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Unexpectedly high U.S. producer price inflation figures on Wednesday could cool this…
Bankrupt Envision Healthcare approved to split in two, cut debt
By Dietrich Knauth NEW YORK (Reuters) -Envision Healthcare, a provider of outsourced emergency department services to hospitals that is backed by private equity firm KKR, received U.S. bankruptcy court approval on Wednesday…
Air Canada sued by Miami-based Brink’s in relation to $17 million gold and cash heist
(Reuters) – Air Canada has been sued by Miami-based transport and security services provider Brink’s, which alleged the airline of “negligence and carelessness” related to a gold and cash heist at a…
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