Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Wall Street bank bosses warn lawmakers of economic toll from tough new rules
WASHINGTON (Reuters) - Wall Street bank bosses warned lawmakers on the Senate Banking Committee on Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators wil...
Dec 06, 2023
Analysis-US airlines' plans for growth constrained by antitrust concerns
By Rajesh Kumar Singh CHICAGO (Reuters) - Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in...
Dec 06, 2023
Canada's Ivey PMI rises to 7-month high in November
TORONTO (Reuters) - Canadian economic activity expanded at its fastest pace in seven months in November, Ivey Purchasing Managers Index (PMI) data showed on Wednesday. The seasonally adjusted index ro...
Dec 06, 2023
Column-Fed can slash rates and still be 'higher for longer': McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - The Federal Reserve could comfortably lop a percentage point off its policy rate next year without changing its mantra of 'higher for longer' - what seem...
Dec 06, 2023
Alphabet unveils long-awaited Gemini AI model
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) - Alphabet on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of in...
Dec 06, 2023
Canada’s trade surplus grows more than expected in October
OTTAWA (Reuters) - Canada's recorded a bigger than expected trade surplus of C$2.97 billion ($2.19 billion) in October, as imports declined and exports edged up, Statistics Canada said on Wednesday. A...
Dec 06, 2023
China hopes Microsoft will play constructive role in China-US cooperation on AI
HONG KONG (Reuters) - China's Commerce Minister Wang Wentao met with Microsoft President Brad Smith on Wednesday, and exchanged views on Microsoft's development in China, Sino-US economic and trade re...
Dec 06, 2023
US private payrolls miss expectations in November
WASHINGTON (Reuters) - U.S. private payrolls increased less than expected in November as the labor market gradually cools. Private payrolls rose by 103,000 jobs last month, the ADP National Employment...
Dec 06, 2023
Analysis-China turbo-charges cobalt mine output despite price crash
By Eric Onstad LONDON (Reuters) - Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia even while prices crash, as they bid to raise market share of the metal used i...
Dec 06, 2023
Volkswagen brand to slash administrative staff costs by a fifth
BERLIN/FRANKFURT (Reuters) - Volkswagen plans to slash administrative staff costs at its namesake brand by a fifth, management told staff on Wednesday, adding this would happen via partial and early r...
Dec 06, 2023
