Chartwell and Vard to Advance New SOV Design Working with North Star
Saying that they believe there is a gap in the offshore wind between full-sized Service Operation Vessels (SOVs) and the…
One Year After the Loss of the Titan, Accident Investigation Continues
One year after the sinking of the experimental submersible Titan, the U.S. Coast Guard continues to investigate the cause of…
US manufacturing production surges in May
Production at U.S. factories increased more than expected in May, recouping all the declines in the prior two months, but…
Fed’s Barkin: we’ll learn a lot more over next “several months” of economic data
Richmond Fed President Thomas Barkin said on Tuesday that before he considers supporting a rate cut he needs to parse…
US business inventories rebound in April
U.S. business inventories rebounded in April, potentially setting up inventory investment to contribute to economic growth this quarter after being…
ECB’s De Guindos sees rate decisions every three months as best course
The European Central Bank’s vice president, Luis de Guindos, said on Tuesday that the best time to make rate decisions…
Fed’s Musalem signals cautious approach to cutting rates in debut speech
The U.S. central bank should only start to cut interest rates after “months, and more likely quarters” of falling inflation,…
Fed’s Williams expects rates to come down as inflation pressures ease
New York Federal Reserve President John Williams said on Tuesday interest rates will come down gradually over time, but he…
Getting the global economy out of the slow lane
With global growth stabilizing for the first time in three years, inflation reaching a three-year low, and financial conditions brightening,…
Cyprus minister tells banks to cut rates, says people in ‘distress’
Cyprus’ finance minister on Tuesday urged banks to take “drastic action” to reduce lending rates, saying the high level was…