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Boeing, NASA To Develop Green Single-aisle Airliners
Boeing Co. is joining with NASA's Sustainable Flight Demonstrator or SFD project, aiming to build a new generation of green single-aisle airliners this decade. The U.S. Space agency has given the aerospace and defense major and its industry partners a contract for the development and flight testing of a full-scale Transonic Truss-Braced Wing or TTBW demonstrator airplane, an emission-reducing...
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936 days ago
Bank Negara Malaysia Unexpectedly Holds Rate Steady At 2.75%
Malaysia's central bank maintained its benchmark rate in a surprise move at this year's first policy meeting on Thursday, as policymakers assessed that the current rate remains accommodative and supportive of economic growth amid the resilient domestic demand.
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936 days ago
Sensex, Nifty Snap Two-day Winning Streak As Recession Worries Weigh
Indian shares ended Thursday's session modestly lower after two consecutive sessions of gains.
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936 days ago
European Shares Slide On Risk Aversion
European stocks declined on Thursday as weak U.S. economic data and hawkish comments from Federal Reserve officials dented demand for riskier assets.
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936 days ago
New Zealand Food Price Inflation At 32-Year High
New Zealand food prices increased at the fastest rate in more than three decades in December, data from Statistics New Zealand showed on Thursday.
Food prices grew 11.3 percent in December, following a 10.7 percent rise in November.
The latest growth was the biggest since April 1990, when food prices rose 11.4 percent.
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936 days ago
FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit
U.K. stocks slipped into the red on Thursday as recession fears gripped financial markets and offset recent optimism surrounding China's reopening.
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937 days ago
CAC 40 Declines As Growth Worries Deepen
French stocks were moving lower on Thursday after data showed U.S. retail sales fell by the most in a year in December, raising concerns about consume spending and the health of the economy.
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937 days ago
more news
DAX Slips Into Red On Recession Worries
German stocks declined on Thursday as weak U.S. economic data and hawkish Fed comments reinforced market concerns about an imminent U.S. recession.
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937 days ago
Asian Shares Mixed As Growth Worries Weigh
Asian stocks ended mixed on Thursday amid lingering uncertainties about the outlook for the global economy. Disappointing U.S. data released overnight and hawkish Fed comments added to the downbeat sentiment.
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937 days ago
Australia Jobless Rate Steady At 3.5%, Employment Unexpectedly Falls
Australia's unemployment rate remained unchanged in December, but employment logged an unexpected fall and hours worked contracted as consecutive interest rate hikes by the Reserve Bank started to hit the labor market. The unemployment rate held steady at a seasonally adjusted 3.5 percent in December, the Australian Bureau of Statistics said Thursday.
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937 days ago
Tech Layoffs Intensify As Microsoft To Fire Thousands Of Employees
Confirming media reports, tech major Microsoft Corp. in a regulatory filling announced its plans to cut overall workforce by about 10,000 employees by the end of the third fiscal quarter of 2023. The move is part of a series of actions in response to ongoing macroeconomic conditions. Towards this, the company will record $1.2 billion charges in the second quarter.
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937 days ago
European Economic News Preview: ECB Minutes Due
The minutes of the European Central Bank's monetary policy meeting is due on Thursday, headlining a light day for the European economic news. At 2.30 am ET, the Swiss Federal Statistical Office is slated to issue producer and import prices for December.
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937 days ago
European Shares Seen Lower As Recession Fears Swirl
European stocks may open on a tepid note Thursday as worries about economic growth and earnings returned to the fore.
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937 days ago
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