Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
UAW workers at Stellantis ratify labor contract with automaker
United Auto Workers (UAW) members at Stellantis NV have voted in favor of a tentative labor deal, the union's vote tracker showed on Friday, cementing a historical contract with record pay hikes. (Rep...
Nov 17, 2023
US single-family housing starts rise slightly in October
WASHINGTON (Reuters) - U.S. single-family homebuilding increased marginally in October and activity could remain moderate in the near term amid higher mortgage rates, which saw confidence among builde...
Nov 17, 2023
Boston Fed’s Collins: Central bank needs better view of full employment
By Howard Schneider BOSTON (Reuters) - Improvements in labor supply that seem to occur as the overall job market gets tighter means Federal Reserve policymakers may need to worry less about inflation ...
Nov 17, 2023
Lilly to build $2.5 billion diabetes drug plant in Germany
By Klaus Lauer and Ludwig Burger (Reuters) - Eli Lilly will build its first plant in Germany for 2.3 billion euros ($2.5 billion) in the western town of Alzey, the U.S. pharmaceuticals maker said on F...
Nov 17, 2023
Embraer celebrates as Brazil joins WTO civil aircraft agreement
SAO PAULO (Reuters) - Brazil joined the World Trade Organization's agreement on trade in civil aircraft on Friday, a move that was celebrated by planemaker Embraer as the pact would ensure tariff-free...
Nov 17, 2023
Agri chemicals maker FMC looking to sell non-core assets
(Reuters) - Crop protection products maker FMC Corp has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for herbicide and ...
Nov 17, 2023
Factbox-Special funds: how Germany gets round the debt brake
(Reuters) - Germany sees itself as the European defender of solid finances with its debt brake restricting the public deficit to 0.35% of GDP but the euro zone's largest economy relies on off-budget f...
Nov 17, 2023
ECB’s Nagel calls for cut in interest paid on bank reserves
FRANKFURT (Reuters) - The European Central Bank should reduce the amount of interest it pays commercial banks on reserves held with it, Bundesbank President Joachim Nagel said on Friday, and keep open...
Nov 17, 2023
Retail investors crowd into Eli Lilly after weight-loss drug approval
By Bhanvi Satija and Amruta Khandekar (Reuters) - Retail flows into Eli Lilly spiked to a more than two-year high in November, as small investors rushed to buy the stock after the U.S. pharma major re...
Nov 17, 2023
Supply problems set to hit Volkswagen’s Skoda unit – Handelsblatt
BERLIN (Reuters) - Volkswagen's Skoda unit expects some delays in the production of its Enyaq electric models during November and December due to supply bottlenecks, German business daily Handelsblatt...
Nov 17, 2023
