Maryland awards $4.6 million in heritage grants to boost local tourism and development
ANNAPOLIS — Governor Wes Moore on Thursday announced more than $4.6 million in matching grant awards through the Maryland Heritage Areas Authority to support 91 projects aimed at strengthening local economies through…
Japan’s Nikkei seen rising to 35,000 by mid-2024 on earnings boost: Reuters poll
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei 225 share average will continue its more-than-28% rally this year into 2024 to reach a three-decade high of 35,000 by end-June, according to analyst…
Stellantis to start in-depth talks with Italian govt to boost car production
MILAN (Reuters) – Fiat-parent company Stellantis will start in-depth talks with the Italian government next month to finalise a broad agreement for the country’s automotive industry, including higher domestic production targets. Stellantis…
Western lithium, graphite miners boost prices for ESG-friendly supply
By Ernest Scheyder LOS ANGELES (Reuters) – Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent…
Boeing partners with U.S. govt to boost SAF development in APEC countries
(Reuters) – Boeing Co said on Thursday it will partner with the U.S. government in a project aimed at addressing challenges faced by Asia Pacific Economic Cooperation (APEC) member countries in developing…
Sumitomo Metal Mining looks to boost battery materials output, possibly in US
By Yuka Obayashi TOKYO (Reuters) – Japan’s Sumitomo Metal Mining is considering producing cathode battery materials in the United States among other options as it looks to expand output to meet demand…
Harris to announce $900 million in pledges to boost women in green sectors
SAN FRANCISCO (Reuters) – U.S. Vice President Kamala Harris will announce an initiative on Thursday to help women advance in important sectors such as clean energy, fisheries and environmental conservation in countries…
Blackstone to raise $400 million to boost credit fund’s lending power – FT
(Reuters) – Blackstone is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The…
China to step up efforts to attract FDI, boost consumption – state planner
BEIJING (Reuters) – China’s state planner will step up efforts to attract foreign investment and improve consumption among low and mid-level income groups, a National Development and Reform Commission spokesperson said on…
US unveils up to $3.5 billion funding to boost domestic battery manufacturing
(Reuters) – The U.S. Department of Energy on Wednesday announced up to $3.5 billion to strengthen domestic production of batteries and battery materials from the infrastructure law President Joe Biden signed in…
China is eyeing $137 billion of new funding to boost housing market – Bloomberg News
(Reuters) – China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation’s urban village renovation and affordable housing programs, Bloomberg News reported on Tuesday, citing…
Boeing to boost production capacity for Patriot missile sensors
(Reuters) – Boeing said on Monday it will increase Huntsville factory production capacity for sensors that are used to guide Patriot missiles to their targets to meet rising air and missile defense…
Climate change likely to boost inflation, Bank of England’s Mann says
By David Milliken LONDON (Reuters) – Climate change and countries’ different approaches to combat it are likely boost inflation and have other economic impacts that are directly relevant to central bank rate-setters,…
Paraguay’s beef likely won’t boost tight US supplies, importers say
By Tom Polansek CHICAGO (Reuters) – Washington’s decision to accept beef from Paraguay after 25 years will probably not change the overall volume of U.S. imports, even at a time of tight…
Japan to top up fiscal loans, investments to boost supply chain -draft
By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government is set to increase its fiscal loan and investment programme in a planned second extra budget to beef up supply chains and other long-term spending,…
AMC beats quarterly revenue estimates on ‘Barbenheimer’ boost
(Reuters) – AMC Entertainment beat third-quarter revenue estimates on Wednesday, riding on the success of “Barbie” and “Oppenheimer” movies as volumes of theatrical releases also improved at the box office. Popular and…
Shopify merchants seek AI boost for key sales decisions
By Arriana McLymore NEW YORK (Reuters) – A week after e-commerce giant Amazon said it is giving its sellers new generative artificial intelligence advertising tools this holiday season, Shopify has to prove…
Ternium posts 77% quarterly income boost as steel shipments jump
By Aida Pelaez-Fernandez (Reuters) – Steelmaker Ternium reported on Tuesday a third-quarter adjusted net income of $271 million, up more than 77% from the $153 million net income posted during the same…
Lower costs, FX boost Brazil’s Ambev net profit in Q3 as sales dip
By Natalia Siniawski (Reuters) – Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and favorable exchange…
Exclusive-BP explores forming joint ventures to boost US shale -sources
By Ron Bousso and David French LONDON/NEW YORK (Reuters) – BP is seeking to form joint ventures around its U.S. onshore natural gas fields to expand production and cut costs as rival…
Ukraine war orders starting to boost revenues for big US defense contractors
By Mike Stone WASHINGTON (Reuters) – The Russian invasion of Ukraine in 2022 is starting to boost defense contractors’ revenues, as customers such as the U.S. government restock supplies shipped to Ukraine…
Capital One beats profit estimates on interest income boost
(Reuters) – Capital One Financial on Thursday sailed past estimates for third-quarter profit as the consumer lender charged higher interest rates on loans, sending its shares up more than 4% in extended…
Traders boost bets Fed will keep rates on hold this year
(Reuters) – Despite a stronger-than-expected reading for third-quarter U.S. economic growth, traders on Thursday added to bets the Federal Reserve will keep policy on hold through this year and will begin interest…
Honeywell beats profit estimates on aviation boost
(Reuters) – Honeywell International Inc on Thursday posted a better-than-expected quarterly profit, helped by strong performance in its aviation unit. Sales at the company’s aerospace business rose 18% on an organic basis…
Explainer-What would Japanese intervention to boost the weak yen look like?
By Leika Kihara TOKYO (Reuters) – Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as investors eye prospects of higher-for-longer U.S. interest rates while the Bank…
Amazon analysts expect same-day delivery to boost margins in Q3
By Arriana McLymore NEW YORK (Reuters) – Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more…
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