Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Morgan Stanley’s straight-talking new CEO Ted Pick taking charge
By Tatiana Bautzer and Lananh Nguyen NEW YORK (Reuters) - When Ted Pick takes over as the new CEO of Morgan Stanley next week, the three-decade bank veteran's frank manner and steady hand will help hi...
Dec 28, 2023
Russian rouble firms vs dollar, euro amid tax support
MOSCOW (Reuters) - The Russian rouble firmed against the U.S. dollar and euro on Thursday, receiving support from month-end corporate taxes. At 0743 GMT, the rouble was 0.9% stronger against the dolla...
Dec 28, 2023
China smartphone maker Xiaomi unveils first electric vehicle
BEIJING (Reuters) - China's Xiaomi took the wraps off its first electric vehicle on Thursday - a highly anticipated model that is expected to make the most of its shared operating system with the comp...
Dec 28, 2023
Can sizzling Magnificent Seven trade keep powering US stocks in 2024?
By Lewis Krauskopf NEW YORK (Reuters) - As a strong year in U.S. stocks winds down, fund managers face a potentially consequential choice in 2024: stick with the few massive growth and technology name...
Dec 28, 2023
Biggest two-month rally in decades rescues beaten-up bond markets
By Harry Robertson LONDON (Reuters) - A huge two-month rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed income markets from an al...
Dec 28, 2023
Red Sea shipping workarounds add costs, delays for suppliers, retailers
By Lisa Baertlein LOS ANGELES (Reuters) - Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from th...
Dec 28, 2023
China’s Dec factory activity likely contracted for third month: Reuters poll
BEIJING (Reuters) - China's manufacturing activity likely contracted for the third consecutive month, a Reuters poll showed on Thursday, weighed by soft demand for manufactured goods, a reading that w...
Dec 27, 2023
Toyota’s Daihatsu to compensate lower-tier suppliers for suspended production
TOKYO (Reuters) - Toyota Motor's small-car unit Daihatsu Motor said on Thursday it would compensate lower-tier contractors in its supply chain to cushion the blow from an indefinite production stoppag...
Dec 27, 2023
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank's failure to prevent or detect misconduct by its relations...
Dec 27, 2023
Singapore readies sales tax hike as demographic crunch looms
By Xinghui Kok SINGAPORE (Reuters) - Singapore households are bracing for a sales tax hike that takes effect in the new year as the government shores up coffers ahead of an expected surge in social sp...
Dec 27, 2023
