Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Walmart lifts targets as shoppers pick low-priced groceries for the holiday
(Reuters) - Walmart raised its annual sales and profit forecast on Thursday for the second straight quarter, signaling a strong start to the holiday season. The U.S. retail giant has used its size and...
Nov 16, 2023
Global watchdog FSB to tackle funds’ liquidity mismatch – Knot
FRANKFURT (Reuters) - The Financial Stability Board, a global risk watchdog, plans to issue new liquidity recommendations for some investments funds after bouts of stress in recent years risked spread...
Nov 16, 2023
Bath & Body Works trims sales forecast as demand slows into holiday season
(Reuters) - Bath & Body Works lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items like t...
Nov 16, 2023
China’s Alibaba to scrap cloud unit spinoff in response to US chip curbs
(Reuters) -China's Alibaba Group Holding said on Thursday it will scrap the spin off of its cloud unit in response to export curbs by the United States on chips used in artificial intelligence applica...
Nov 16, 2023
Stocks to outperform fixed income in 2024, says Barclays
(Reuters) - Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said in a note on Thursday. They poin...
Nov 16, 2023
Sumitomo Metal Mining looks to boost battery materials output, possibly in US
By Yuka Obayashi TOKYO (Reuters) - Japan's Sumitomo Metal Mining is considering producing cathode battery materials in the United States among other options as it looks to expand output to meet demand...
Nov 16, 2023
Oman’s economic recovery continues, supported by favourable oil prices – IMF
DUBAI (Reuters) - The International Monetary Fund said on Thursday that Oman's economic recovery was continuing, while inflation remained contained, supported by favourable oil prices and sustained re...
Nov 16, 2023
Israel GDP grows 2.8% in Q3 ahead of expected contraction in Q4 due to war
By Steven Scheer JERUSALEM (Reuters) - Israel's economy grew solidly in the third quarter, although less than estimated, data from the Central Bureau of Statistics showed on Thursday, ahead of an expe...
Nov 16, 2023
Factbox-Global economy to slow down but likely avoid recession in 2024
(Reuters) - Some of the major banks in the world expect global economic growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two larg...
Nov 16, 2023
EFG shares jump 3% following record profitability
ZURICH (Reuters) - EFG International shares were up 3% early on Thursday after the Swiss private bank reported net profit of more than 240 million Swiss francs ($270.09 million) for the first 10 month...
Nov 16, 2023
