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…
Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes
By Lewis Krauskopf NEW YORK (Reuters) – As inflation worries ease, U.S. stocks may need a fresh source of fuel to propel further gains this year, investors said. Data released on Thursday…
Kim Jong Un Announces Military, Weapons Boost For ‘Overwhelming’ Retaliation Against ‘Hostile Forces’
Kim Jong Un Announces Military, Weapons Boost For ‘Overwhelming’ Retaliation Against ‘Hostile Forces’ Jake Smith on August 10, 2023 North Korean leader Kim Jong Un announced a significant boost in weapons production…
AI mania, financials and energy stocks boost hedge fund gains
NEW YORK (Reuters) – Equity hedge funds ended July with gains of 7.83% so far this year, helped by technology, financials and energy stocks, data provider HFR said on Monday. Equity strategies…
White House pushes US agencies to ‘aggressively’ boost in-person work
By David Shepardson WASHINGTON (Reuters) – The White House wants federal agencies to “aggressively” execute a shift to more in-person work starting next month, saying it is crucial to delivering government services.…
GM vows to boost jobs next year despite EV shift
By David Shepardson (Reuters) – General Motors said Friday it plans to boost employment next year despite concerns raised by autoworkers that the shift to electric vehicles will reduce labor needs. GM,…
Will Third Trump Indictment Boost Mike Pence’s Candidacy? Fat Chance, Experts Say
Will Third Trump Indictment Boost Mike Pence’s Candidacy? Fat Chance, Experts Say Mary Lou Masters on August 3, 2023 Former Vice President Mike Pence’s involvement in the third indictment of former President…
National Bank to buy SVB’s Canada loan book to boost tech sector lending
By Nivedita Balu and Jaiveer Shekhawat (Reuters) -National Bank of Canada said on Tuesday it has agreed to buy collapsed U.S. regional lender Silicon Valley Bank’s Canadian commercial loan portfolio, as the…
Japan’s megabanks eye BOJ boost after solid first quarter
By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Two of Japan’s megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan’s (BOJ) nudge towards policy normalisation will herald a…
Here Are The Three Senate Dems That Voted Against An Amendment To Boost US Uranium Independence
Here Are The Three Senate Dems That Voted Against An Amendment To Boost US Uranium Independence Nick Pope on July 27, 2023 Three Senate Democrats voted Thursday against an amendment to the…
US card companies’ wager on China travel boost hit by economic gloom
By Manya Saini and Niket Nishant (Reuters) – Visa and Mastercard, which bet on China to boost travel spending, have had to contend with a disappointing first half of the year as…
China to boost credit support to consumer sector – regulator
BEIJING (Reuters) – China will guide banks to boost credit in the consumer service industry, its financial regulator said on Thursday, as authorities seek to boost a flagging post-pandemic economic recovery. “Residents’…
Bank of Korea tweaks lending facility to boost liquidity
SEOUL (Reuters) – South Korea’s central bank said on Thursday its monetary policy board decided to reform its standing lending facility, a monetary policy tool for supplying liquidity to banks, strengthening its…
Mexico announces plan with US to boost firearm tracing
MEXICO CITY (Reuters) – Mexico and the United States have agreed to step up oversight of arms trafficking with a system to electronically track firearms seized from criminal organizations, Mexican Security Minister…
Brazil to begin taxing sports betting, aiming to boost revenues
BRASILIA (Reuters) – Brazil’s government issued an executive order on Tuesday to initiate taxation on sports betting, in line with a measure announced by President Luiz Inacio Lula da Silva’s economic team…
US restaurants set for second-half profit boost as costs ease, demand stays firm
By Deborah Mary Sophia (Reuters) – Restaurant chains including McDonald’s and Chipotle Mexican Grill are expected to report strong profits in the second half of 2023 as commodity costs finally ease at…
China seeks to boost demand by pushing urban development – state media
BEIJING (Reuters) – China’s cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government’s latest move to support the economy, state media said on Friday. The post-COVID recovery in…
Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income, thanks to a…
Mexico’s Banorte posts profit boost on insurance, trading units
By Carolina Pulice and Kylie Madry MEXICO CITY (Reuters) – Mexico’s Grupo Financiero Banorte reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better…
US FAA, DOT tell government teleworkers to boost in-person work
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration and U.S. Transportation Department said on Thursday they expect teleworking government employees to boost in-person work, part of the Biden administration’s…
PPG Industries raises forecast as higher prices boost quarterly results
(Reuters) – PPG Industries raised its full-year profit forecast on Thursday after beating second-quarter profit estimates as strong prices helped the industrial coatings maker offset lower demand. While overall sales volumes were…
Marsh McLennan beats Q2 profit estimates on interest income boost
(Reuters) – Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported a profit of $2.20 per share, excluding…
Japan Inc seen struggling to boost female executive ranks – Reuters poll
By Sam Nussey and Anton Bridge TOKYO (Reuters) – An overwhelming majority of Japanese firms think it would be difficult or impossible to fill at least 30% of executive positions with women…
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation boosted the lender’s interest income. Most consumer-facing…
Citizens Financial beats second-quarter profit estimates on interest income boost
(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The upbeat results follow a tumultuous first quarter…
Volkswagen’s efforts to boost valuation stifled by lack of succession plan
By Jan Schwartz and Victoria Waldersee HAMBURG/BERLIN (Reuters) – As Volkswagen regears its strategy around boosting stock market value, investors warned its efforts would be wasted if it does not address the…
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