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…
Marketmind: Watch safe-havens, oil
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday will have their first opportunity to react to…
Middle East conflict adds new risks to global economic outlook
By Howard Schneider and Ann Saphir DALLAS (Reuters) – The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary trends as well as deal a blow…
Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments
(Reuters) – Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to “collective and individual voluntary adjustments” to oil production, the Saudi state news agency said on…
BIS’ Carstens: too early to say how new war will impact global outlook
DALLAS (Reuters) – Bank for International Settlements General Manager Agustin Carstens on Sunday said it’s “too early to say” how the newly erupted conflict in Israel will affect the global economy still…
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank, people…
IMF closely monitoring situation in Israel, Gaza
MARRAKECH, Morocco (Reuters) – The International Monetary Fund on Sunday said it was closely monitoring developments in Israel and Gaza, and it was too early to assess any economic impact. “We are…
Birkenstock eyes pricing IPO at top of range -sources
By Anirban Sen NEW YORK (Reuters) -Birkenstock Holding has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a…
US Treasury pushing development banks for progress on next phase of reforms by April
By Andrea Shalal MARRAKECH, Morocco (Reuters) – The U.S. Treasury Department is pushing the World Bank and regional multilateral development banks to complete work on new rules for leveraging shareholder capital commitments…
Philippines has ‘done enough’ policy tightening, finance secretary says
MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno believes the central bank has “done enough” policy tightening to tame inflation, but reiterated future interest rate moves would remain data dependent. Diokno’s remarks…
Bank of England approached UK lenders to gauge interest in troubled Metro Bank- FT
(Reuters) -The Bank of England’s Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank, the…
Amazon’s New Space-Based Internet Service Could Bring New Option for New Jersey
TRENTON, NJ – New Jersey’s cable-based internet monopolies could be seeing some new competition in the near future. Amazon took a significant leap in the space-based internet race, launching its first set…
Are You Buying an EV to Satisfy Phil Murphy’s 2035 Agenda? Here’s What You Need To Know
TRENTON, NJ – As many New Jerseyans balk at the prospect of being told to buy an EV, many disciples of Governor Phil Murphy and the Democrat party are going ahead and…
Heineken Owned Brewery Accused of Using Slave Labor
NEW YORK – Kaiser, a Brazilian brewery owned by Heineken, has been included in the government’s list of companies responsible for labor conditions comparable to slavery, as announced on Friday. The inclusion…
The Cost of Mailing a Letter Increasing Again
TRENTON, NJ – Sending a letter in New Jersey is about to get more expensive in January as the U.S. Postal Service once again raises the price of a standard first-class stamp.…
Good News for New Jersey Restaurants as Employment Numbers Return to Pre-Pandemic Levels
NEW YORK – U.S. restaurant employment in September finally matched pre-pandemic numbers, marking the first time in over three years, according to a report unveiled on Friday. This suggests a potentially broader…
How New Avian Flu Outbreak Could Affect Turkey Dinners in New Jersey on Thanksgiving
TRENTON, NJ – The U.S. Department of Agriculture (USDA) announced the discovery of avian flu in a commercial poultry farm in Jerauld County, South Dakota, marking the first such incident since April.…
Get Your Prescriptions Before Walgreens Pharmacy Employees Walkout This Week
TRENTON, NJ – Walgreens employees are planning a walkout this week and while at this point, three states have confirmed they will participate, others are considering a show of solidarity. If that…
Israel markets sink, businesses shut after Hamas attack
By Steven Scheer JERUSALEM (Reuters) -Israeli stock and bond prices slid and many businesses were closed on Sunday, a day after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an…
ECB’s Lagarde: confident over 2% inflation target and Europe’s winter gas situation
PARIS (Reuters) -European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the ECB would meet its target of getting inflation back down to 2%,…
Shanghai stock exchange probes Zhejiang King after its public listing halt
BEIJING (Reuters) – The Shanghai Stock Exchange said it will probe Zhejiang King Co Ltd after the Chinese maker of air conditioners halted its initial public offering (IPO) amid media reports about…
UK’s Metro Bank rejected takeover approaches from Shawbrook, in talks for debt restructuring, equity injection – media
(Reuters) -British lender Metro Bank on Saturday rejected a series of takeover approaches from specialist business lender Shawbrook and later held talks with bondholders about an equity injection alongside a debt restructuring,…
Volkswagen, Umicore venture picks Poland for first car battery parts plant
BERLIN (Reuters) – The auto battery parts joint venture between Volkswagen’s PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday. Through…
Niger cuts 2023 budget by 40% as post-coup sanctions bite
NIAMEY (Reuters) – Niger has cut its planned spending for 2023 by 40% because of international sanctions imposed after the military took power in a July coup, further hobbling the economy in…
Surging bond yields add to Canadian homeowners’ mortgage pain as renewals loom
By Nivedita Balu TORONTO (Reuters) -The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond…
The Buenos Aires barber’s books: a history of 19,900% inflation
By Adam Jourdan BUENOS AIRES (Reuters) – The hand-written entries in the two dozen notebooks – date, haircut, price – chronicle decades of a Buenos Aires barber’s working life. But they tell…
Breaking News
