Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Deutsche Bank expects ECB to cut rates by 150 bps in 2024
(Reuters) - Deutsche Bank said on Wednesday it expects the European Central Bank to cut interest rates by 150 basis points (bps) next year, 50 bps more than their earlier forecast, as inflation cools ...
Dec 06, 2023
Philippines central bank may pause or hike rates at next meeting -governor
MANILA (Reuters) - The governor of the Philippine central bank said on Wednesday it could either keep interest rates steady or raise them at its policy meeting next week. The central bank, which meets...
Dec 06, 2023
Norway union warns it may block Tesla cars meant for Sweden
OSLO (Reuters) - Norway's Fellesforbundet, the country's largest private sector labour union, said on Wednesday it could from Dec. 20 start blocking any transport of Tesla cars meant for the Swedish m...
Dec 06, 2023
UK’s Morrisons, M&S to address anti-competitive land agreements
LONDON (Reuters) - Britain's competition regulator has secured pledges from supermarket groups Morrisons and Marks & Spencer (M&S) to cease using unlawful land agreements after it uncovered 65 anti-co...
Dec 06, 2023
Campbell Soup beats quarterly profit estimates on higher prices
(Reuters) -Campbell Soup surpassed Wall Street expectations for quarterly profit on Wednesday, benefiting from higher prices for its packaged meals and snacks that helped offset a slowdown in demand f...
Dec 06, 2023
Perpetual’s top investor bids $2 billion to take over the Australian fund manager
By Scott Murdoch and Lewis Jackson (Reuters) - Australian diversified investor Washington H Soul Pattinson (WHSP) has made a A$3.1 billion ($2 billion) bid for domestic fund manager Perpetual in the l...
Dec 06, 2023
Russian distributor to launch sales of Adidas, Reebok goods- Kommersant
MOSCOW (Reuters) - A Russian distributor of Western sports brands will start selling Adidas and Reebok products as soon as this week, despite the companies' departure from the market over the war in U...
Dec 06, 2023
Toyota to sell entire stake in Japan’s Harmonic Drive Systems – filing
TOKYO (Reuters) -Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move could f...
Dec 06, 2023
EU should join Africa on WTO reform to counter China -IW study
By Sarah Marsh BERLIN (Reuters) - The EU should join forces with African countries to reform the World Trade Organization's (WTO) subsidy rules as a way to counter Chinese market distortions and diplo...
Dec 06, 2023
Analysis-Moody’s outlook cut complicates Beijing’s ‘war’ against market bears
SHANGHAI/HONG KONG (Reuters) - Moody's negative outlook on China has intensified Beijing's battle with market bears, raising pressure on the government for more forceful measures to prop up sinking st...
Dec 06, 2023
