Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Speculation of Moody’s China downgrade seen ahead of release in Chinese social media
(Reuters) - Hours before Moody's downgraded the outlook for China's sovereign credit ratings on Tuesday, speculation that such a move was imminent was circulating on Chinese social media platform WeCh...
Dec 05, 2023
Market expectations of Fed cuts ‘overdone’, volatility to jump in ’24, BlackRock says
By David Randall NEW YORK (Reuters) - Global markets will be swayed by greater volatility in 2024 as the Federal Reserve cuts benchmark interest rates fewer times than futures markets are pricing in, ...
Dec 05, 2023
Global wind power outlook takes hit from US weakness, China slowdown -WoodMac
(Reuters) - The global wind power sector will add less capacity in the next decade than previously expected due to financial trouble in the U.S. offshore wind industry and sluggish approval and projec...
Dec 05, 2023
Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh
RIYADH (Reuters) - Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the kingdom, including a 30-year exemption for corporate i...
Dec 05, 2023
US bank bosses predict soft landing as consumers stay resilient
NEW YORK (Reuters) - U.S. bank chiefs expressed more confidence in the economic outlook for 2024 after consumers and businesses showed surprising strength this year. Here are quotes from the Goldman S...
Dec 05, 2023
P&G to record up to $2.5 billion in charges related to Gillette business, restructuring
(Reuters) - Procter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring o...
Dec 05, 2023
Exxon, Pioneer get second FTC request for information on pending takeover
(Reuters) - The U.S. Federal Trade Commission has sent shale oil producer Pioneer Natural Resources and Exxon Mobil a second request for more information on their $60 billion takeover deal, Pioneer sa...
Dec 05, 2023
Canadian services PMI hits 3-year low on uncertain outlook
By Fergal Smith TORONTO (Reuters) - The downturn in Canada's service sector deepened in November as increased borrowing costs and worries about a potential recession weighed on activity, S&P Global Ca...
Dec 05, 2023
Wells Fargo CEO expects severance expenses to exceed $750 million
By Nupur Anand NEW YORK (Reuters) - Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1...
Dec 05, 2023
Analysis-Schnabel reconciles ECB with markets – until next fight
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) - The European Central Bank's leading hawk Isabel Schnabel has reconciled her institution with investors who have long bet the ECB is finishe...
Dec 05, 2023
