Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Asia stocks hang onto weekly gains as yields, oil fall
By Wayne Cole SYDNEY (Reuters) - Asian shares took a breather on Friday as a batch of softer U.S. economic data took some of the steam out of Wall Street, but also boosted bonds in a big way while slu...
Nov 16, 2023
Freeport CEO: ‘encouraged’ by signs of U.S.-China thaw
SAN FRANCISCO (Reuters) - Freeport-McMoRan Inc (FCX.N) Chief Executive Richard Adkerson said on Thursday he is "encouraged" by signs of improving relations between the world's two biggest economies, i...
Nov 16, 2023
Origin Energy shareholder shows hand and backs $10.5 billion Brookfield bid
By Lewis Jackson SYDNEY (Reuters) - Origin Energy shareholder VanEck Australia will support the $10.5 billion bid from Canada's Brookfield and EIG, according to a senior executive, one of only a handf...
Nov 16, 2023
Alibaba shares set to slide 8% after it shelves cloud unit spin-off
HONG KONG (Reuters) - The Hong Kong-listed shares of Alibaba Group were set to fall 7.8% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties over U.S. restrictions o...
Nov 16, 2023
Yen eyes best week in four months, dollar heads for weekly decline
By Rae Wee SINGAPORE (Reuters) - The yen was on track for its best week against the dollar in four months on Friday on the prospect of a narrowing U.S.-Japan rate differential, with bets that the Fede...
Nov 16, 2023
BOJ’s Ueda stresses need to maintain ultra-loose policy
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank will "patiently" maintain ultra-loose monetary policy as sustained achievement of its 2% inflation ta...
Nov 16, 2023
France eyes cuts to business subsidies and healthcare spending
PARIS (Reuters) - France's government aims to rein in spending on business subsidies and medical care as part of plans to come up with 12 billion euros in savings from 2025, government sources said on...
Nov 16, 2023
Samsung boss Jay Y Lee faces final hearing over alleged fraud, stock manipulation
SEOUL (Reuters) - Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of t...
Nov 16, 2023
Boeing partners with U.S. govt to boost SAF development in APEC countries
(Reuters) - Boeing Co said on Thursday it will partner with the U.S. government in a project aimed at addressing challenges faced by Asia Pacific Economic Cooperation (APEC) member countries in develo...
Nov 16, 2023
Ross Stores lifts annual profit view on cooling freight, robust off-price demand
(Reuters) - Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets and easing freight co...
Nov 16, 2023
