By Mike Stone WASHINGTON (Reuters) – Boeing said on Tuesday it had ramped up production of a critical component for Patriot air defense interceptor missiles – the seeker that identifies and tracks efforts to knock them down – to meet growing demand from the U.S. and allies. Eighteen countries, including Ukraine, use PAC-3 interceptors, which …
Boeing production of Patriot component hits record Read More »
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in February as warmer weather and a decline in mortgage rates pulled buyers from the sidelines, but growing uncertainty over the economy’s outlook could curb further gains. New home sales increased 1.8% to a seasonally adjusted annual rate of 676,000 units last month, the Commerce …
By Manya Saini and Prakhar Srivastava (Reuters) -Israel’s eToro reported a 46% surge in commissions for 2024 as the retail trading platform filed for a U.S. initial public offering late on Monday, joining a wave of firms seeking to test investor appetite for fresh listings. After years of sluggish activity, the IPO market is expected …
Israel’s eToro files for US IPO as retail trading boom boosts commissions Read More »
By Isabel Demetz and John Revill ZURICH (Reuters) -Holcim’s imminent North American spin-off Amrize is targeting robust growth in earnings and sales through 2028, albeit at a slower pace than in recent years as it navigates a challenging environment with trade clashes clouding the outlook. The building materials company said on Tuesday it aims for …
Holcim spin-off Amrize targets robust growth in US construction market Read More »
By Robert Harvey and Dmitry Zhdannikov LAUSANNE (Reuters) -Executives from the world’s top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth. Oil prices could continue to soften as global supply rises, including with the Organization of Petroleum Exporting Countries and allies (OPEC+)’s plan to unwind voluntary …
Top traders see oil market well supplied, soft prices this year Read More »
(Reuters) – Railroad operator CSX said on Tuesday it had reached a five-year tentative agreement with the Brotherhood of Railroad Signalmen (BRS). The Jacksonville, Florida-based company said the tentative collective bargaining agreement is subject to ratification by the union’s members. BRS represents 1,215 railway workers operating signals and points at the company. Railroad operators in …
Railroad operator CSX reaches five-year agreement with signalmen union Read More »
(Reuters) -Top Trump administration officials used messaging app Signal to share war plans and mistakenly included a journalist in the encrypted chat, spurring calls by Democratic lawmakers for a congressional investigation into the security breach. Under U.S. law, it can be a crime to mishandle, misuse or abuse classified information, though it is unclear whether …
Factbox-How safe is Signal messaging app used by Trump aides to share war plans? Read More »
By Davide Barbuscia NEW YORK (Reuters) -Ratings agency Moody’s said on Tuesday that the U.S.’ fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable. The agency said in a report that the country’s fiscal health deteriorated further since Moody’s lowered its outlook on the U.S. …
Moody’s says US fiscal strength on course for continued decline Read More »
OTTAWA (Reuters) – Canadian Prime Minister Mark Carney on Tuesday said if his ruling Liberals won a general election on April 28, Ottawa would look at how the planned purchase of 88 Lockheed Martin F-35 fighters could be adjusted. Carney last week ordered a review of the C$19-billion contract, in part because he said Canada …
Carney says Canada’s Lockheed Martin fighter contract could be adjusted Read More »
MOSCOW (Reuters) – As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda. Oil and gas exports are a key revenue source for Moscow and the sector has been subject to Western sanctions since …
Explainer-How Russian energy trade might change if sanctions are eased Read More »
