Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Biden Administration allows US trade tribunal’s ban on Apple Watch imports
By Blake Brittain (Reuters) - U.S. President Joe Biden's administration on Tuesday declined to veto a government tribunal's decision to ban imports of Apple Watches based on a complaint from medical m...
Dec 26, 2023
Big oil enters 2024 strengthened by U.S. industry consolidation
By Gary McWilliams HOUSTON (Reuters) - The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare ...
Dec 26, 2023
Intel to get $3.2 billion government grant for new $25 billion Israel chip plant
JERUSALEM (Reuters) -Israel's government agreed to give Intel Corp a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday. The news comes ...
Dec 26, 2023
Hapag-Lloyd to decide on Wednesday about its Red Sea routes
FRANKFURT (Reuters) - Germany's Hapag-Lloyd will decide on Wednesday how it will proceed with its Red Sea routes after suspending shipments there in response to safety concerns, a spokesperson said on...
Dec 26, 2023
Global 2024 staple food supplies to be strained by dry weather, export curbs
By Naveen Thukral SINGAPORE (Reuters) - High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 20...
Dec 26, 2023
Ethiopia becomes Africa’s latest sovereign default
LONDON (Reuters) - Ethiopia became Africa's third default in as many years on Tuesday after it failed to make a $33 million "coupon" payment on its only international government bond. Africa's second ...
Dec 26, 2023
Chinese gaming firms unveil share buybacks after regulatory move unnerves investors
By Li Gu and Casey Hall SHANGHAI (Reuters) - A slew of smaller Chinese gaming companies have announced share buybacks - plans seen as an attempt to reassure investors after the market was spooked by r...
Dec 26, 2023
Singapore November core inflation slows to 3.2% y/y
SINGAPORE (Reuters) - Singapore's key consumer price gauge slowed to 3.2% in November on the year, in line with expectations, official data showed on Tuesday, and headline inflation fell to 3.6%. In a...
Dec 26, 2023
Asian stocks stutter, dollar drifts as US rate cut bets rise
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut...
Dec 25, 2023
Philippines extends tariff cuts on imported rice, other food items to fight inflation
MANILA (Reuters) - Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep prices stable amid a threat of dry we...
Dec 25, 2023
