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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…
In Singapore, a certificate to own a car now costs $106,000
By Xinghui Kok SINGAPORE (Reuters) – To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the U.S.,…
Toronto home prices rebound in September, sales hit 8-month low
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada paused its interest rate hiking…
Tourism stumble risks perfect storm for reeling Thai markets
By Tom Westbrook and Gaurav Dogra SINGAPORE/BENGALURU (Reuters) – A shooting tragedy in a Bangkok mall adds to a double-whammy of rising rates and government spending worries that has hammered Thai assets…
Japan’s economy running at near full capacity, BOJ estimates show
By Leika Kihara TOKYO (Reuters) – Japan’s economy has recovered and is running near its full capacity in the second quarter, data from the central bank showed on Wednesday, adding to growing…
India’s retail inflation likely to ease by December – finance secretary
By Nikunj Ohri NEW DELHI (Reuters) – India’s retail inflation is likely to ease by December as seasonal factors become more favourable, Finance Secretary T V Somanathan told Reuters late on Tuesday.…
US SEC cannot appeal Ripple Labs decision, judge rules
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Tuesday refused to let the U.S. Securities and Exchange Commission appeal her recent decision involving Ripple Labs, a ruling that has…
French services sector shrinks less than first thought in Sept -PMI
PARIS (Reuters) – France’s services sector shrank slower than first estimated in September but still at the fastest rate in almost three years as falling new orders and export business weighed on…
Central bank test lab develops global bitcoin mapping system
By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the…
Italy risks raising next to nothing from bank tax, sources say
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy risks collecting minimal proceeds from a windfall tax on banks after it gave lenders the option to set aside money instead of…
German service sector activity edges up in Sept -PMI
BERLIN (Reuters) – Activity in Germany’s services sector edged up slightly in September, following a drop the month before, a survey showed on Wednesday. The HCOB final services Purchasing Managers’ Index (PMI)…
Italy service sector contracts fractionally for second month – PMI
ROME (Reuters) – The Italian services sector contracted marginally for a second month running in September, a survey showed on Wednesday, signalling ongoing weakness in the euro zone’s third largest economy. The…
Thai central bank chief’s opinions on economy ‘different’ than new PM’s
By Satawasin Sta[censored]charnchai and Chayut Setboonsarng BANGKOK (Reuters) -Thailand’s central bank chief said on Wednesday some of his opinions on the economy differed from those of new Prime Minister Srettha Thavisin, who…
Surging Tokyo property prices squeeze out young professionals
By Mariko Katsumura and Rocky Swift TOKYO (Reuters) – Mie Kawamata dreamed of owning a home where she could tend a small garden and her 1-year-old daughter could play outside, yet still…
Kenya private sector activity contracts in September – PMI
NAIROBI (Reuters) – Private sector activity in Kenya contracted in September as rising fuel prices hurt business right across the manufacturing, services, wholesale, retail and construction sectors, a survey showed on Wednesday.…
South Africa business activity little changed in September – PMI
JOHANNESBURG (Reuters) – South African private sector activity held steady in September as firms scaled back output somewhat due to rolling power cuts and cost pressures but took on more staff, a…
Spain’s services sector resumes growth in September – PMI
MADRID (Reuters) – Spanish services sector activity expanded slightly in September after a dip in August, with new business holding steady and companies still taking on staff, a survey showed on Wednesday.…
Russian car sales jump in September as Chinese brands expand market share
(Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their…
Taiwan central bank flags forex intervention if ‘extreme’ fluctuations
TAIPEI (Reuters) -Taiwan’s central bank will intervene in the foreign exchange market if there are “extreme” fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday. With the island’s export-dependent…
Thai business group keeps 2023 growth forecast at 2.5%-3%
BANGKOK (Reuters) – Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate. Exports, a key driver of…
India cenbank seen holding rates steady Friday but striking hawkish tone
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee is widely expected to keep key rates on hold when it announces its decision on Friday but the recent uptick in global…
Analysis-Choppy waters as Europe navigates China-US rivalry
By Mark John (Reuters) – At a World Trade Organization event in September, former British prime minister Gordon Brown voiced out loud the fear that has quietly started to echo in the…
Bonds eye Q4 salvation in another year to forget: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Stick it out, double down, or cut your losses? This is the dilemma many fund managers are facing regarding the bond portion of their portfolio as…
Exclusive-Asia PE firm Affinity halts continuation fund plan -sources
By Kane Wu, Yantoultra Ngui and Scott Murdoch HONG KONG/SINGAPORE (Reuters) – Hong Kong-based Affinity Equity Partners has paused plans to launch a so-called continuation fund enabling itself and its investors to…
Russian services activity grows in Sept for eighth month running -PMI
(Reuters) – Activity in Russia’s services sector expanded for the eighth month running in September, boosted by a sustained rise in client demand and new export orders, which rose at their fastest…
Why a rout in government bonds is worrying
By Yoruk Bahceli, Karin Strohecker and Dhara Ranasinghe LONDON (Reuters) – The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest…
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