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…
Miners seek partners for copper assets as M&A heats up
By Clara Denina, Divya Rajagopal and Julian Luk LONDON (Reuters) -A flurry of copper mining deals are being lined up for the next six to 12 months, industry sources said, as producers…
Yellen, IMF see economic risks from Gaza war
By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) – U.S. Treasury Secretary Janet Yellen said the unprecedented attacks on Israel by Palestinian Islamist group Hamas posed additional risks to an already…
Samsung SDI, Stellantis choose Indiana for second joint EV battery plant
By Heekyong Yang and Joseph White SEOUL (Reuters) -Stellantis and South Korea’s Samsung SDI Co Ltd on Wednesday said they will build a second electric vehicle battery plant in Kokomo, Indiana, the…
Ukraine needs $42 billion budget support this year and next -PM Shmyhal
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) – Ukrainian Prime Minister Denys Shmyhal said on Wednesday the country would need budget support of about $42 billion this year and next…
Despite rout, bond strategists stay tethered to falling yield forecasts
By Sarupya Ganguly BENGALURU (Reuters) – Bond market strategists are holding on to their forecasts for U.S. Treasury yields to decline by year-end, as well as a view that 10-year yields have…
Birkenstock shares fall 11% in market debut to notch $8.32 billion valuation
(Reuters) – Luxury sandal maker Birkenstock notched a valuation of $8.32 billion in its market debut on Wednesday after shares opened 11% below their offer price. The stock began trading at $41…
European investment bank to offer Morocco $1 billion euro loan
MARRAKECH (Reuters) – The European Investment Bank said on Wednesday it will lend Morocco 1 billion euros ($1.06 billion) over the next three years to support the north African country’s reconstruction efforts…
Analysis-US stock market technicals suggest possible rebound as earnings, CPI loom
By Lewis Krauskopf NEW YORK (Reuters) – Technical and seasonal indicators that investors use to gauge the U.S. stock market’s health show it may be time to buy, though upcoming inflation data…
The UAW’s ‘record contract’ hinges on pensions, battery plants
By Joseph White DETROIT (Reuters) – After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that…
Exclusive-IDB chief says lending could reach $112 billion with private arm
By Jorgelina do Rosario and Elisa Martinuzzi MARRAKECH (Reuters) -Inter-American Development Bank (IDB) President Ilan Goldfajn said the financial institution can expand its lending capacity to as much as $112 billion over…
ECB should discuss early end to bond buying scheme: Kazaks
By Balazs Koranyi MARRAKECH (Reuters) – The European Central Bank should discuss tweaks to a key bond buying scheme and weigh higher charges for commercial banks, Latvian policymaker Martins Kazaks said on…
Fed’s Waller: Fed can “watch and see” if further hikes needed
By Howard Schneider (Reuters) – U.S. Federal Reserve Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank “watch and see”…
Russian inflation accelerates at fastest monthly rate since April 2022
(Reuters) – Inflation in Russia accelerated in September at its fastest month-on-month pace since April 2022, when double-digit price rises gripped Russia after its invasion of Ukraine, data from the state statistics…
Gasoline, food drive US producer prices higher; core inflation cools
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased more than expected in September amid higher costs for energy products and food, but underlying inflation pressures at the factory gate continued…
Rule curbing AI chip exports to China under final review
By Karen Freifeld and Alexandra Alper (Reuters) – A U.S. rule that restricts shipments of certain advanced chips to China has been revised and is under final review, according to a government…
Brazil’s Finance Ministry views limit for credit card debt growth as reasonable
BRASILIA (Reuters) – Brazil’s Finance Ministry says the measures stipulated in a recent legislation aimed at diminishing credit card revolving interest rates are a rational step, a top official said on Wednesday.…
IMF fiscal chief: U.S., China must rein in debt, face different challenges
By David Lawder MARRAKECH, Morocco (Reuters) – The U.S. and China will both need to make major changes to put their medium-term debt and deficit on a sustainable path, International Monetary Fund…
China property creditors face worsening restructuring terms as sector recovery hopes sour
By Clare Jim, Xie Yu and Davide Barbuscia HONG KONG/NEW YORK (Reuters) – As more Chinese property developers move towards restructuring billions of dollars of debt, their offshore creditors are expected to…
Japan’s government considering extending fuel subsidies -Kyodo
(Reuters) – Japan’s government is considering extending subsidies to curb gasoline prices beyond January next year, Kyodo news agency reported on Wednesday, a move that will likely moderate the pace of inflation…
US Xerox sells Russian operations to local management
By Alexander Marrow (Reuters) – Printer maker Xerox Holdings on Wednesday said it had sold its operations in Russia to local management for an undisclosed sum, becoming the latest Western business to…
Insurer Humana’s longtime CEO Broussard to step down next year
(Reuters) – Humana CEO Bruce Broussard will step down in the second half of 2024 after more than a decade at the helm, the insurer said on Wednesday and named healthcare veteran…
Walgreens taps healthcare industry veteran Wentworth as CEO
(Reuters) -U.S. pharmacy chain operator Walgreens Boots Alliance has appointed Tim Wentworth as its CEO, pinning hopes on the healthcare industry veteran to boost its lagging stock price and reverse a recent…
Italian party to ask constitutional court to rule against govt deficit hike
ROME (Reuters) – An Italian centrist opposition party led by former Prime Minister Matteo Renzi said on Wednesday it would appeal to the constitutional court to rule unlawful the government’s decision to…
Embraer to meet 2023 delivery outlook, sees similar growth next year -CEO
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer is confident it will meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be…
This Hamilton Pizzeria Has the Best Sausage Pie, and Today is National Sausage Pizza Day
HAMILTON, NJ – Today is National Sausage Pizza Day and to celebrate it, why not have a sausage pizza? In fact, if you want arguably the best sausage pizza in New Jersey,…
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