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…
BMO promotes Alan Tannenbaum to head capital markets division
TORONTO (Reuters) – Bank of Montreal on Tuesday named Alan Tannenbaum as the new head of the bank’s capital market division, to replace outgoing CEO Dan Barclay, who is retiring in November.…
Exclusive-IMF sees support for funding increase, wants deadline on shareholding changes
By David Lawder MARRAKECH, Morocco (Reuters) -The International Monetary Fund said on Tuesday that it is seeing “significant support” for a U.S.-backed increase in quota lending resources without changes to its shareholding…
Dollar slips on dovish Fed remarks, China hopes help euro
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The euro strengthened as the dollar slid on Tuesday in response to a sharp drop in Treasury yields on the back of further…
Kashkari: ‘possible’ higher bond yields mean Fed can do less
By Ann Saphir (Reuters) -It’s “possible” that the recent rise in yields on longer-term Treasuries means the Federal Reserve need not raise interest rates as much as otherwise, but it’s hard to…
US SEC shortens deadline to disclose 5% stock ownership to 5 days
By Douglas Gillison (Reuters) -Wall Street’s top regulator on Tuesday said it has tightened the timeline for investors to disclose 5% ownership stakes in companies they intend to control, shortening the allowed…
Colombia’s Ecopetrol opens US trading unit in Houston
BOGOTA (Reuters) – Colombia’s majority state-owned oil company Ecopetrol has opened a marketing and trading subsidiary in the United States as it looks to build its client base in North America, it…
Global watchdog reveals tensions at heart of Credit Suisse debacle
By Huw Jones LONDON (Reuters) -Global regulators defended Switzerland’s move to back a rescue deal for Credit Suisse in March instead of liquidating it, in a report that exposed shortcomings of a…
Crude futures settle down on fewer worries of supply disruptions
By Erwin Seba HOUSTON (Reuters) -Oil prices settled lower on Tuesday, but bounced off session lows as concerns eased about potential supply disruptions from the battle between Israel and the Palestinian Islamist…
Kerrisdale Capital goes short on Joby Aviation over earnings concerns
(Reuters) – Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation over profitability concerns, sending the electric aircraft maker’s shares down nearly 5%. “We believe (Joby) is…
US regulator probes Twitter security lapse before Musk took over – Bloomberg News
(Reuters) – The U.S. securities regulator is investigating how Twitter managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year, Bloomberg…
Yellen says World Bank needs ‘cultural change’ to better mobilize private capital
By Andrea Shalal BEN GUERIR, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday the World Bank had made progress in reforming its operations to better address climate change and other…
Gold eases as risk appetite improves, traders eye more Fed cues
By Ashitha Shivaprasad (Reuters) – Gold prices eased on Tuesday after rising nearly 2% in the previous session as investors cautiously turned back to riskier assets and looked forward to further cues…
Brazil central bank chief says governments must address fiscal issues to avoid market disruption
(Reuters) – Brazil’s central bank chief, Roberto Campos Neto, said on Tuesday that governments need to start addressing fiscal issues, noting a current lack of coordination that is starting to bite, even…
As US holiday shopping season nears, retailers importing like it is 2019
By Lisa Baertlein and Priyamvada C (Reuters) – This holiday season, U.S. retailers are importing like it is 2019. After a spending spree on goods that began during early COVID-19 lockdowns in…
Fed will stay ‘on the job’ to reduce inflation, Waller says
(Reuters) – Federal Reserve Governor Christopher Waller on Tuesday reiterated the U.S. central bank’s determination to bring inflation down to its 2% target, but did not comment on the economic outlook or…
Boeing 737 MAX monthly deliveries fall to lowest since 2021
By David Shepardson WASHINGTON (Reuters) -Boeing deliveries of its best-selling 737 MAX fell in September to the lowest level since August 2021, the plane maker said on Tuesday, as it continues struggling…
US would struggle to block Exxon’s politically unpopular megadeal
(This Oct. 6 story has been corrected to say ‘international’, not ‘internal’, and add a missing word in paragraph 12) By Diane Bartz and David French (Reuters) – The White House may…
Exclusive-Chile central bank sees peso tumble to only have short-term impact on prices-Costa
By Jorgelina do Rosario and Alexander Villegas MARRAKECH/SANTIAGO (Reuters) – Chile’s central bank expects that a recent peso depreciation will only have a short-term effect on prices, the bank’s governor Rosanna Costa…
Honeywell to realign business segments to boost growth
(Reuters) – Honeywell said on Tuesday it is realigning its business to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, while strong demand may…
US bank profits set to rise on higher rates while Wall Street lags
By Tatiana Bautzer, Saeed Azhar and Niket Nishant NEW YORK (Reuters) -The biggest U.S. consumer lenders are set to post higher profits for the third quarter, in contrast with investment banks still…
Tesla rejects union claims, reports of health and safety issues at German plant
BERLIN (Reuters) – Tesla on Tuesday rejected claims by a German union and recent media reports that health and safety provisions at its gigafactory near Berlin were inadequate, stating that protecting workers’…
EU plans anti-subsidy probes to secure steel deal with US
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is planning anti-subsidy investigations into steelmakers producing to excess in countries such as China as part of an agreement with the United States…
Yields fall, stocks jump after Fed official comments; oil eases
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes advanced while Treasury yields slid on Tuesday as Federal Reserve officials suggested there may be no need for further interest rate hikes in…
Scotiabank, Sun Life partner to help wealthy Canadians invest in private credit
By Nivedita Balu TORONTO (Reuters) – Bank of Nova Scotia and Sun Life Financial’s asset-management division are partnering to tap into the demand from wealthy Canadians looking to invest in private credit,…
Adobe unveils new image generation tools in AI push
By Stephen Nellis (Reuters) – Adobe on Tuesday said it is rolling out new image-generation technology that can draw inspiration from an uploaded image and match its style, in its latest push…
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