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…
South Africa central bank won’t defend depreciating rand- Kganyago
By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s central bank Governor Lesetja Kganyago said on Thursday that the bank would not step in to protect the local currency despite its current weakness and…
US dollar’s rally supercharged by soaring real yields on Treasuries
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Surging U.S. real yields are aiding the dollar’s rebound, rewarding bullish investors while making bears think twice before betting against the buck. The real…
Canadian dollar seen rebounding as U.S. ties anchor domestic economy: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts are sticking to their bullish forecasts on the Canadian dollar for the coming year, maintaining that the currency is undervalued and could benefit from Canada’s…
Sri Lanka resumes rate cuts to boost growth as inflation ebbs
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Sri Lanka’s central bank resumed interest rate cuts on Thursday to boost growth as the government seeks to lift revenue and repair its balance…
BOJ data suggests mysterious yen spike wasn’t intervention
By Kevin Buckland TOKYO (Reuters) – The Bank of Japan’s money market data indicated on Thursday that a mysterious spike in the yen rate against the dollar on Tuesday was likely not…
ECB’s Kazimir: latest hike was maybe the last, still need to see data
(Reuters) – The European Central Bank’s rate hike last month was likely the last although the bank cannot be certain until seeing data available at meetings in December and March, ECB policymaker…
Foxconn expects strong holiday sales in Q4, Sept sales slump
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales…
Bearish bets on Asian currencies firm on hawkish Fed rhetoric, rate woes – Reuters poll
By Roushni Nair (Reuters) – Bearish bets on most Asian currencies were raised, a Reuters poll found on Thursday, as the possibility of higher-for-longer U.S. interest rates and the unprecedented surge in…
Kaiser Permanente and unions for 75,000 striking health workers hit bargaining snag
By Ahmed Aboulenein and Steve Gorman WASHINGTON (Reuters) -Kaiser Permanente and union negotiators for 75,000 striking medical workers suspended a marathon round of contract talks without a settlement on Wednesday, the two…
India market levels show effective rate has risen; cenbank meeting in focus
By Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank is widely expected to keep rates on hold on Friday but any further liquidity withdrawal measures alone may push market yields higher, causing another…
UAW, automakers signal progress after days of stalemate -sources
By Joseph White and David Shepardson DETROIT (Reuters) – Negotiators for the United Auto Workers and Ford Motor have narrowed their differences on pay increases after a new offer from the automaker…
House-building slump brings biggest UK construction fall since 2020-PMI
By David Milliken LONDON (Reuters) – Britain’s construction industry saw the biggest slide in activity in more than three years last month, as higher interest rates led to one of the sharpest…
Dollar dented by private payrolls report in reprieve for yen, euro
By Brigid Riley TOKYO (Reuters) – The yen and euro received some much needed relief on Thursday as the dollar and U.S. Treasury yields both stalled after U.S. private payrolls growth slowed…
Turkey cenbank chief to meet Blackrock, JPM, DB at IMF/WB forum -source
ANKARA (Reuters) – Turkish Central Bank Governor Hafize Gaye Erkan will hold her first meetings with international investors since taking the job at the annual IMF forum in Marrakech on Oct. 11-13,…
Sam Bankman-Fried’s trial: four key points raised in opening statements
By Jody Godoy and Luc Cohen (Reuters) – Jurors in the trial of FTX founder Sam Bankman-Fried heard from both sides for the first time on Wednesday, receiving dueling portrayals of key…
Birkenstock the latest shoe to drop in a tough IPO market
By Ananya Mariam Rajesh and Helen Reid (Reuters) – Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers…
Imperial Brands sticks by forecast, announces $1.3 billion share buyback
(Reuters) -Imperial Brands said on Thursday trading for the year was in line with its expectations and reaffirmed its forecast, on the back of sustained demand, higher prices and strong adoption of…
Volvo Cars September sales rise 25%, demand up in China
STOCKHOLM (Reuters) -Volvo Cars’ sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in the U.S. and Europe, the Sweden-based group…
German exports fall more than expected in August
BERLIN (Reuters) -German exports fell more than expected on the month in August, federal statistics office data showed on Thursday, as weak global demand hurt the country’s exports. Exports fell 1.2% in…
S.Korean central bank governor sees risk of rates staying higher for longer
SEOUL (Reuters) – South Korea’s central bank governor said there was a high possibility interest rates would stay higher for longer and there was a need to improve the system to better…
Analysis-Evergrande crisis tests Beijing’s fallout management as creditor jitters mount
By Xie Yu and Clare Jim HONG KONG (Reuters) – As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue…
India’s services sector grew at faster pace in Sept, optimism at 9-year high
By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry accelerated in September as already robust demand strengthened, according to a survey that also showed businesses were the most optimistic…
Analysis-Bond vigilantes circle battered US Treasury market
By David Randall and Davide Barbuscia NEW YORK (Reuters) – Bond investors’ rising concerns around U.S. government spending and its ballooning budget deficit are contributing to a steep sell-off that has pushed…
Marketmind: A bond bounce, or a bull trap?
A look at the day ahead in European and global markets from Tom Westbrook Relief extended from Wall Street to Marunouchi on Thursday, with bond yields and the dollar down further and…
Japan’s Kishida vows to focus on wage hikes at union meeting
By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Thursday stressed the need to achieve sustained, broader wage hikes to cushion the blow to households from rising living costs.…
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