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…
Exclusive-China to receive most of record ICE sugar October delivery -traders
By Marcelo Teixeira NEW YORK (Reuters) – Most of the record physical delivery of sugar by commodities traders at the expiration of the October futures contract at the Intercontinental Exchange (ICE) last…
Canada’s grocery chains pledge to help cut food prices, govt says
OTTAWA (Reuters) – The Canadian government, under political pressure to tackle high inflation, said on Thursday the country’s five major grocery chains had made an initial commitment to help stabilise food prices.…
SoftBank likely to sell shares worth up to $105 million in PB Fintech – report
BENGALURU (Reuters) – SoftBank Group is likely to sell shares worth up to $105 million in India’s PB Fintech via block deals, CNBC-TV18 reported on Thursday, citing sources. The indicative price for…
US to give credit to firms that disclose misconduct of companies they buy
By Chris Prentice and Andrew Goudsward (Reuters) -The U.S. Justice Department will not target companies that disclose wrongdoing they find by businesses they are buying in a bid to encourage more self-disclosure,…
IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound
By Andrea Shalal (Reuters) – Stronger demand for services and progress on lowering inflation have increased the chances that the global economy can escape recession, but fiscal and financial risks abound, IMF…
Metro Bank plunges on talk of big fundraising to fix finances
By Sinead Cruise and Iain Withers LONDON (Reuters) -Metro Bank shares closed down 26% on Thursday following reports it was exploring options to raise as much as 600 million pounds ($728 million)…
ESPN secures rights to air Tiger Woods, Rory McIlroy’s golf league TGL
(Reuters) – Walt Disney’s ESPN has clinched the U.S. broadcast rights for TGL, a new primetime golf league created by Tiger Woods and Rory McIlroy, the company said on Thursday. TGL fuses…
Fed’s Goolsbee does not see rise in long-term yields imperiling soft landing
(Reuters – Chicago Federal Reserve Bank President Austan Goolsbee says he sees no clear signals that the U.S. economy is veering off the “golden path” toward the Fed’s 2% inflation goal and…
Clorox shares touch more than 5-year low on financial hit from cyber attack
(Reuters) – Shares in Clorox were down 8.1% on Thursday, after hitting their lowest level since May 2018, after the cleaning supplies company’s warned that an August cyber attack would push it…
Citigroup outlines layoff process, reassignments as overhaul takes shape
By Lananh Nguyen, Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) -Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during…
Putin says Russia’s economy can cope with higher defence spending on war
MOSCOW (Reuters) – The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President Vladimir Putin said on Thursday, shrugging off…
Exclusive-Sigma Lithium COO steps down in new leadership shakeup, shares dive
By Fabio Teixeira RIO DE JANEIRO (Reuters) -Sigma Lithium Chief Operating Officer Brian Talbot left the company at the end of last month, he told Reuters on Thursday, sending shares of the…
Rouble slides to over 7-week low past 100 per dollar as Putin speaks
By Alexander Marrow (Reuters) -The Russian rouble weakened past 100 to the dollar to a more than seven-week low as President Vladimir Putin spoke on Thursday, hurt by reduced foreign currency supply…
Low weekly jobless claims, shrinking trade deficit boost US economic picture
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions at…
Analysis-When, not if, Europe copies Wall Street share trading reform
By Huw Jones LONDON (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will come too late to…
French retailer Casino finalises rescue deal led by Czech tycoon
By Dominique Vidalon PARIS (Reuters) -French supermarket group Casino has finalised a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Czech billionaire Daniel Kretinsky. Casino…
Japan M&A blazes trail as global deals decline
By Makiko Yamazaki and Kane Wu TOKYO/HONG KONG (Reuters) – Japan’s M&A market is standing out against a worldwide decline this year, thanks to surging domestic deals as rising costs, stricter governance…
Global miner BHP to focus on cost cuts, patient on M&A
By Melanie Burton MELBOURNE (Reuters) -Global miner BHP Group is focused on cutting costs to drive growth while being patient on buying assets, its chief development officer Johan van Jaarsveld said on…
Euro zone bond yields slip ahead of U.S. data
By Stefano Rebaudo and Harry Robertson (Reuters) – Euro zone borrowing costs broadly fell on Thursday, after a bond selloff paused the day before as yields hit crucial levels and as traders…
Puma tumbles as analysts flag possible earnings disappointment
(Reuters) -Shares in Puma fell as much as 10.4% on Thursday after analysts said the sportswear company’s third-quarter earnings might miss market expectations due to the impact of a stronger euro against…
Dell’s revenue forecast signals AI boost will take longer to materialize
(Reuters) -Dell Technologies on Thursday reiterated that it expects revenue to grow at a compounded annual rate of 3% to 4% over the long term, disappointing some investors who expected AI to…
‘Greedy beast’ of inflation not yet defeated, Bundesbank chief says
FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth remains worrisome, Bundesbank President Joachim Nagel said on Thursday.…
VinFast revenues jump on EV sales to Vietnam affiliate
By Phuong Nguyen and Chavi Mehta (Reuters) -Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate…
Chevron Australia LNG workers threaten to resume strikes after talks breakdown
By Lewis Jackson SYDNEY (Reuters) -Efforts to finalise a pact that ended strikes at Chevron’s two Australian liquefied natural gas (LNG) plants stumbled on Thursday, when workers voted to restart stoppages after…
Canada’s Ivey PMI shows activity expanding at slower pace in September
TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in September as a measure of employment climbed to its highest level in six months, Ivey Purchasing Managers Index (PMI) data…
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