Ad Behind the Markets
By David Shepardson WASHINGTON (Reuters) – NASA said on Wednesday it awarded $425 million to Boeing Co for the agency’s “Sustainable Flight Demonstrator” project as the Biden administration works to cut aviation sector emissions. Boeing will work with NASA to “build, test, and fly a full-scale demonstrator aircraft and validate technologies aimed at lowering emissions,”…
By Ananya Mariam Rajesh and Aatrayee Chatterjee (Reuters) -U.S. holiday sales rose by 5.3%, but fell short of estimates, as shoppers feeling the brunt of stubbornly high inflation pulled forward purchases to October when retailers offered hefty discounts, data from the National Retail Federation (NRF) showed on Wednesday. The leading retail industry group said including…
By Chris Taylor NEW YORK (Reuters) – If your kid happens to be in public school in Portland, Dallas, Los Angeles or Oakland and is taking a personal finance workshop in the coming months, ask them if they caught sight of one of the founders of the program. If he is 6-foot-4 (1.93 meters), more…
PARIS (Reuters) – Renault group sales in 2022 fell 5.9% to 2,051,174 vehicles, marking a fourth consecutive annual decline after capacity constraints and supply chain snags, the company said on Wednesday. The group, which is in the middle of a turnaround, said its order book in Europe was at a record level of 3.5 months…
By Walter Bianchi and Jorgelina do Rosario BUENOS AIRES (Reuters) -Argentina will buy back overseas bonds equivalent to over $1 billion to improve the South American country’s debt profile, economy minister Sergio Massa said on Wednesday, looking to send a positive signal to markets despite low reserves levels. The move will focus on sovereign notes…
By Andrea Shalal ZURICH (Reuters) -U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a “candid, substantive, and constructive” meeting in Zurich on Wednesday, the Treasury said. In a statement, the Treasury said both sides agreed to enhance cooperation on climate finance on…
LONDON (Reuters) – Empty offices globally should be converted to apartments to address a growing housing crisis in many countries, property executives told the World Economic Forum in Davos on Wednesday. Commercial real estate values are sliding as an economic downturn reduces demand for space among cost-conscious companies, whose employees have been spending fewer days…
By Holger Hansen BERLIN (Reuters) -Germany is expected to narrowly avoid recession this year with price-adjusted growth of 0.2%, a source said on Wednesday, citing estimates from a draft of the government’s annual economic report. This is to be followed by 1.8% growth in gross domestic product next year, according to the draft report, the…
(Corrects company headquarters in paragraph 4 to Woodcliff Lake, not Rockaway; the error appeared in a previous version of the story as well) (Reuters) -Party City Holdco Inc filed for Chapter 11 bankruptcy protection on Tuesday, becoming the latest casualty among U.S. retailers in the aftermath of the pandemic, as it struggled with low demand…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its massive stimulus programme amid mounting inflationary pressure. The surprise decision sent the yen skidding against other currencies and…
