Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
China puts Country Garden on draft list of builders to support- Bloomberg News
(Reuters) - Country Garden Holdings Co has been included on China's draft list of 50 developers eligible for a range of financing support, Bloomberg reported on Wednesday, citing people familiar with ...
Nov 22, 2023
European shares gain on real estate boost; UK’s Sage hits record high
(Reuters) - European shares climbed to a two-month high on Wednesday, led by media and real estate stocks, with software firm Sage jumping to a record high following a strong annual operating profit. ...
Nov 22, 2023
LVMH heir Antoine Arnault to step back from Berluti management role
PARIS (Reuters) - Antoine Arnault, one of LVMH Chairman and CEO Bernard Arnault's five children and heirs, will step back from the day-to-day management of upscale menswear label Berluti in January, k...
Nov 22, 2023
Mitsubishi Heavy expects to double defence revenue next year
TOKYO (Reuters) - Japan's Mitsubishi Heavy Industries said on Wednesday it expects to double its defence revenue to about 1 trillion yen ($6.68 billion) from the business year starting April 2024. The...
Nov 22, 2023
Citi makes new appointments in Asia Pacific as part of restructuring
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) - Citigroup has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday, accor...
Nov 22, 2023
Barclays forecasts Fed to stand pat on rates in January
(Reuters) - Barclays said on Wednesday it no longer expects the U.S. Federal Reserve to raise interest rates in January, compared with an earlier forecast of a 25-basis-point hike. Rates will remain u...
Nov 22, 2023
Thyssenkrupp posts $2.3 billion impairment on steel division
FRANKFURT (Reuters) -Germany's Thyssenkrupp on Wednesday unveiled a 2.1 billion euro ($2.3 billion) impairment on its steel unit due to "gloomy" earnings expectations, highlighting the challenge in ef...
Nov 22, 2023
Sam Altman to return as OpenAI CEO
(Reuters) - OpenAI on Wednesday said that it has reached an agreement for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor , Larry Summers, and Adam D'Angelo. (Reporting b...
Nov 22, 2023
Column-Crushed FX volatility as dollar, finally, subsides: Mike Dolan
By Mike Dolan LONDON (Reuters) - If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly. Deutsche Bank's CVIX - the currency...
Nov 22, 2023
Marketmind: Nvidia shares take bumpy ride after hours
A look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia, which in AI tech terms is the only company selling shovels during a gold rush. Its Q3 earnings ha...
Nov 22, 2023
