Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
China’s BYD offers subsidies, discount for some models in December
BEIJING (Reuters) - China's electric vehicle giant BYD Co Ltd on Friday announced subsidies for some models and a discount of up to 20,000 yuan ($2,803) in December for buyers who are switching from o...
Dec 01, 2023
US equity funds see weekly outflows amid profit-taking, economic report caution
(Reuters) - U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead of some key economic reports and earnings results. U.S...
Dec 01, 2023
Canada’s Brookfield Asset Management raises $28 billion for global infrastructure fund
(Reuters) - Canada's Brookfield Asset Management said on Friday it had raised $28 billion towards its largest ever fund for investments in infrastructure assets globally. The asset manager said it had...
Dec 01, 2023
Fisker scales back production to divert cash for working capital
(Reuters) -Electric-vehicle maker Fisker said on Friday it will scale down production this month and produce lesser cars this year than its previous guidance, to prioritize cash for working capital ne...
Dec 01, 2023
First Quantum starts international arbitration on Cobre Panama mine
(Reuters) - First Quantum Minerals will suspend its current-year production outlook for the Cobre mine in Panama and has initiated international arbitration over a contested contract with the country'...
Dec 01, 2023
National Bank of Canada’s fourth-quarter profit jumps on capital markets strength
(Reuters) - National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions. An uncertain e...
Dec 01, 2023
US opens probe into 73,000 Chevrolet Volt cars over loss of power
WASHINGTON (Reuters) - A U.S. auto safety regulator said on Friday it is opening an investigation into 73,000 Chevrolet Volt plug-in hybrid cars over reports of loss of power, failures to restart and ...
Dec 01, 2023
Central banks of India, England resolve trade settlement stand-off
MUMBAI (Reuters) - The central banks of India and England on Friday signed an agreement on information exchange for settlement of bond trades, the Reserve Bank of India (RBI) said. In India, bonds are...
Dec 01, 2023
Average 60/40 portfolio has best month in November since 1991 – BofA
LONDON (Reuters) - November was the best month in over three decades for a classic stock and bond portfolio, as both markets posted their best returns in years, according to a Bank of America Global R...
Dec 01, 2023
Bank of Montreal’s quarterly profit falls on higher rainy-day funds
(Reuters) - Bank of Montreal reported a fall in its fourth-quarter profit on Friday, as higher provisions for potential credit defaults offset gains from a rise in its interest income. The lender buil...
Dec 01, 2023
