Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Egypt’s headline inflation eases to 35.8% in October
CAIRO (Reuters) - Egypt's annual urban consumer price inflation rate dropped to 35.8% in October from a record high of 38.0% in September, data from the country's statistics agency CAPMAS showed on Sa...
Nov 11, 2023
U.S. in game of “catch me if you can” with Nvidia on rules – China media
SHANGHAI (Reuters) - U.S. curbs on China have created a game of "catch me if you can" with U.S. chip giant Nvidia and other companies, which affect the interests of both countries and will accelerate ...
Nov 10, 2023
Moody’s analyst sees polarization around US budget issues persisting next year
NEW YORK (Reuters) - A top analyst at Moody's said political polarization in the United States will likely complicate budget-making decisions ahead of the 2024 presidential election, which could delay...
Nov 10, 2023
Explainer-What is Lockbit? The digital extortion gang on a cybercrime spree
By Zeba Siddiqui and James Pearson SAN FRANCISCO/LONDON (Reuters) - A cybercriminal group named Lockbit, which on Friday said it breached the Industrial and Commercial Bank of China(ICBC), has hacked ...
Nov 10, 2023
Moody’s changes US ratings outlook to negative, affirms AAA
(Reuters) - Moody's on Friday changed the outlook on the government of United States of America's ratings to "negative" from "stable". The rating agency said it expects United States' fiscal deficits ...
Nov 10, 2023
Koc Holding revokes pact with Ford, LG Energy Solution for Turkey battery JV
By Ebru Tuncay and Heekyong Yang ANKARA/SEOUL (Reuters) - Turkey's Koc Holding said on Friday it revoked an earlier agreement with Ford and South Korean battery maker LG Energy Solution (LGES) for a j...
Nov 10, 2023
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) - Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reaso...
Nov 10, 2023
Exclusive-Google in talks to invest in AI startup Character.AI -sources
By Krystal Hu (Reuters) - Alphabet's Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train mo...
Nov 10, 2023
Biden officials reject Moody’s shift to ‘negative’ outlook, point to Republican ‘dysfunction’
WASHINGTON (Reuters) - Top Biden administration officials on Friday rejected a decision by Moody's ratings agency to downgrade its U.S. economic outlook to negative from stable, calling the shift a re...
Nov 10, 2023
Yellen: no impact on US Treasury market from ICBC hack
By Ann Saphir and David Lawder SAN FRANCISCO (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said the ransomware attack on the Industrial and Commercial Bank of China that disrupted China's...
Nov 10, 2023
