Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Fed President Daly warns against calling time on rate-rising cycle too soon – FT
(Reuters) - San Francisco Federal Reserve President Mary Daly warned against calling time on rate-rising cycle too soon, in an interview to Financial Times on Wednesday. Daly refused to rule out anoth...
Nov 15, 2023
Alstom’s main shareholder CDPQ welcomes action plan to improve group financials
PARIS (Reuters) - Canadian investment group CDPQ, Alstom's largest shareholder, on Wednesday welcomed the trainmaker's action plan to improve its financial situation. "Alstom has undertaken a necessar...
Nov 15, 2023
Tesla faces pressure in Sweden as workers at supplier to strike
STOCKHOLM (Reuters) - Tesla is facing growing pressure in Sweden from unions backing mechanics demanding a collective bargaining agreement with the U.S. carmaker, with workers at one of its suppliers ...
Nov 15, 2023
IMF says Pakistan set to receive $700 million after review success
By Asif Shahzad ISLAMABAD (Reuters) -The IMF said on Wednesday it had reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout, which will unlock $700 million in fundi...
Nov 15, 2023
China-linked ETFs draw bullish options bets ahead of Biden-Xi meet
By Saqib Iqbal Ahmed NEW YORK (Reuters) - U.S.-listed exchange traded funds focused on China are seeing bullish options activity as investors await U.S. President Joe Biden's meeting with Chinese lead...
Nov 15, 2023
Richmond Fed’s Athreya to become New York Fed research chief
By Michael S. Derby NEW YORK (Reuters) - The New York Federal Reserve on Wednesday said Kartik Athreya would take over as its research director in February after serving in the same role at the Richmo...
Nov 15, 2023
Goldman sees S&P 500 rising to 4700 by year-end 2024
(Reuters) - Goldman Sachs investment strategists said on Wednesday that they now expect the S&P 500 to end 2024 at 4700, implying a roughly 6% gain including dividends. The estimate, from a research n...
Nov 15, 2023
REI accused of widespread labor law violations at unionized US stores
By Daniel Wiessner (Reuters) - REI, the camping and outdoor sports equipment retailer, was accused on Wednesday of dozens of violations of U.S. labor law at eight retail stores that have unionized sin...
Nov 15, 2023
US unveils up to $3.5 billion funding to boost domestic battery manufacturing
(Reuters) - The U.S. Department of Energy on Wednesday announced up to $3.5 billion to strengthen domestic production of batteries and battery materials from the infrastructure law President Joe Biden...
Nov 15, 2023
US steelmakers set for strong start to 2024 as UAW strike fuels price gains
By Ananta Agarwal and Nathan Gomes (Reuters) - U.S. steelmakers are on course to post higher profits in the first quarter of 2024 as prices spike from a scramble by buyers to restock following a brief...
Nov 15, 2023
