Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion – sources
NEW YORK (Reuters) -Industrial and Commercial Bank of China's hack left its U.S. unit temporarily owing Bank of New York Mellon $9 billion as a result of unsettled trades, prompting the parent to inje...
Nov 10, 2023
Moody’s changes outlook on US credit rating to ‘negative’ from ‘stable’
(Reuters) -Moody's on Friday changed its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability. The move follows a rating downg...
Nov 10, 2023
Bargain or trap? US bank stock outlook hinges on Fed’s path
By David Randall NEW YORK (Reuters) - Bargain hunters are swirling around beaten-down shares of U.S. banks, even as skeptical investors say the sector's problems are likely to persist for some time. T...
Nov 10, 2023
Exclusive-Southwest Airlines expects certification of Boeing’s 737 MAX 7 by April – company exec
By Rajesh Kumar Singh and David Shepardson CHICAGO (Reuters) - Southwest Airlines expects Boeing's 737 MAX 7 plane will get certification from the U.S. Federal Aviation Administration by April, allowi...
Nov 10, 2023
Yellen and China’s He to ‘intensify communication’ after pre-APEC meetings
By David Lawder and Ann Saphir SAN FRANCISCO (Reuters) -U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng agreed to "intensify communication" and work together on a range of econ...
Nov 10, 2023
US company earnings set for biggest quarterly gain in over a year
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are set for their biggest year-over-year gain in quarterly earnings since the second quarter of 2022 after a high percentage of S&P 500 com...
Nov 10, 2023
Investors wary of lingering Treasury volatility as US stocks rally
By Saqib Iqbal Ahmed NEW YORK (Reuters) - A still-jittery bond market is clouding the outlook for a rally in U.S. stocks, analysts tracking measures of market volatility said. Stocks and bonds have be...
Nov 10, 2023
Fed’s Daly: Still too soon to say rate hike cycle is over -CNBC
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said on Friday she is not ready to say yet whether the central bank is done raising its interest rate...
Nov 10, 2023
Biden hails 11% pay raise for Honda’s U.S. workers
WASHINGTON (Reuters) - President Joe Biden welcomed Honda Motor 11% pay hike for its U.S. facility workers on Friday, a day after celebrating the United Auto Workers' agreements with the Detroit Big T...
Nov 10, 2023
Argentina retail prices seen slipping under double digits in October
By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's consumer prices likely rose by less than double digits in October, a Reuters poll showed on Friday, slowing down after hitting a three-decade high ...
Nov 10, 2023
