Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Taiwanese Tesla supplier Hota retools supply chain with first US factory
By Sarah Wu TAICHUNG, Taiwan (Reuters) - For years, Hota Industrial Mfg. Co has made gears, shafts and other auto parts in Taiwan and shipped them to large foreign carmakers such as Tesla, Ford Motor ...
Nov 28, 2023
Analysis-Debt-laden China’s local governments scramble to rescue small banks with $21 billion in special bonds
By Ziyi Tang and Ryan Woo BEIJING (Reuters) - Local governments in China have sold record amounts of so-called special bonds this year to inject capital into struggling smaller banks, as authorities s...
Nov 28, 2023
Intuit beats first-quarter estimates on resilient demand for financial products
(Reuters) - Accounting software-maker Intuit on Tuesday beat Wall Street estimates for first-quarter profit and revenue, on resilient demand for its artificial intelligence infused products that help ...
Nov 28, 2023
Exclusive-Canada’s Scotiabank asks group to end campaign seeking Elbit divestiture
By Nivedita Balu TORONTO (Reuters) - Bank of Nova Scotia has asked an advocacy group to end a campaign demanding the Canadian lender divest from Israel-based weapons manufacturer Elbit Systems, accusi...
Nov 28, 2023
Hewlett Packard Enterprise beats quarterly profit estimates but forecast falters
(Reuters) - Hewlett Packard Enterprise beat estimates for quarterly profit on Tuesday due to easing costs but unfavorable macroeconomic conditions led to a dour forecast for the current quarter. On an...
Nov 28, 2023
OpenAI unlikely to offer board seat to Microsoft, other investors – source
(Reuters) -ChatGPT owner OpenAI is not expected to offer Microsoft and other investors a seat on its new board, a person familiar with the matter told Reuters on Tuesday. (Reporting by Zaheer Kachwala...
Nov 28, 2023
US commercial mortgage distress rises in November on office woes -KBRA
By Matt Tracy (Reuters) - Late payments on U.S. commercial property loans rose in November, driven by growing distress among office properties, according to a new report by Kroll Bond Rating Agency. T...
Nov 28, 2023
Marketmind: Financial conditions loosen again
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Interest rate decisions and guidance from New Zealand and Thailand, and inflation figures from Australia will be the main events...
Nov 28, 2023
Analysis-Shein’s IPO raises fresh questions on alleged forced labor in its supply chain
By Katherine Masters and Arriana McLymore NEW YORK (Reuters) -As China-founded e-commerce behemoth Shein moves to list in New York, U.S. lawmakers are again calling on it to prove that forced labor is...
Nov 28, 2023
US FAA requires key flight control changes to be deemed ‘major’
WASHINGTON (Reuters) - The Federal Aviation Administration said Tuesday it had adopted a new aircraft certification policy requiring key flight control design changes to be considered "major" like the...
Nov 28, 2023
