By Pratyush Thakur and Mike Stone (Reuters) -A recovery in commercial air traffic and increased global defense spending helped RTX report better-than-expected fourth-quarter earnings on Tuesday, boost[...]
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January 23, 2024
Boeing and Seattle-area union delay start of contract negotiations
(Reuters) -Boeing and its Seattle-area machinists union have delayed the opening of contract negotiations until early March as the company deals with the grounding of the 737 MAX 9. Formal negotiation[...]
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Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will wait until the second quarter before cutting interest rates, according to a majority of economists polled b[...]
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PACCAR beats quarterly profit, revenue estimates on demand for newer truck models
(Reuters) – PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models. Shares of the U.S. truck maker were up[...]
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BOJ signals conviction on hitting inflation goal in hawkish tilt, stands pat for now
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary settings on Tuesday but signalled its growing conviction that conditions for phasing out its[...]
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Investors give up futile wait for China to fix economy
By Samuel Shen and Rodrigo Campos SHANGHAI/NEW YORK (Reuters) -From hope to hesitancy and now total capitulation, global investors in China are heading for the exits in the world’s second-bigges[...]
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Bank of America cuts 20 staff in Asia, China-focused bankers affected most- sources
By Kane Wu and Selena Li HONG KONG (Reuters) -Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge of the matter said, as plunging markets in China[...]
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Video-game market recovery to pick up steam in 2024 on strong console sales – report
(Reuters) – A recovery in the global video-game market is expected to pick up pace this year on the back of strong sales of Microsoft’s Xbox and Sony’s PlayStation 5 consoles, accord[...]
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Caution key to investing in construction tech startups this year, Cemex says
By Kylie Madry MEXICO CITY (Reuters) – Investors in construction technology startups are going to be cautious in the first half of the year as geopolitical factors, market demand and U.S. electi[...]
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