Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Under Armour raises margin forecast as costs ease
(Reuters) - Under Armour on Wednesday raised its annual gross margin forecast as the company benefits from easing freight and raw material costs and keeps a tight lid on expenses. Shares of the compan...
Nov 08, 2023
As bad debts soar, Canadian banks eye asset sales to boost capital
By Nivedita Balu TORONTO (Reuters) - As Canada's economy enters a period of sluggish growth, the big banks are looking to fortify their balance sheets against rising bad debts, but instead of tapping ...
Nov 08, 2023
Analysis-Liquidity gridlock worsens in US commercial real estate sector
By Shankar Ramakrishnan (Reuters) - Private lenders, in pole position as high interest rates leave them as the sole option for many in the commercial real estate market (CRE), are turning more selecti...
Nov 08, 2023
Western miners seek premium pricing for rare earth metals to break China grip
By Divya Rajagopal TORONTO (Reuters) - A handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising qualit...
Nov 08, 2023
WeWork seeks permission to begin canceling leases in bankruptcy
By Dietrich Knauth NEW YORK (Reuters) - WeWork will make its first U.S. bankruptcy court appearance on Wednesday, seeking to advance a restructuring proposal that could cut $3 billion in debt and shri...
Nov 08, 2023
Marketmind: Seven up – oil-fueled rally turns to Powell
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks' longest winning streak in two years - clocking seven straight daily gains - has been underscored by a slump in cr...
Nov 08, 2023
HSBC plans custody service for non-crypto digital assets
By Elizabeth Howcroft LONDON (Reuters) - HSBC plans to launch in 2024 a custody service for storing blockchain-based assets excluding cryptocurrency, the bank said on Wednesday. The service, which is ...
Nov 08, 2023
Meta to require disclosures for AI-created, altered political ads
(Reuters) - Meta Platforms on Wednesday said come 2024, advertisers will have to disclose when artificial intelligence (AI) or other digital methods are used to alter or create political, social or el...
Nov 08, 2023
Swiss respond to removal from US currency manipulation list
ZURICH (Reuters) - The Swiss National Bank responded on Wednesday to the U.S. Treasury removing Switzerland from its monitoring list of countries that appeared to be manipulating their currencies. The...
Nov 08, 2023
Ping An exited its Country Garden stake, has no takeover plan – Bloomberg News
(Reuters) - Ping An Insurance Group sold all of its shares in Country Garden Holdings Co and has no plans to acquire the distressed developer, Bloomberg News reported on Wednesday, citing people with ...
Nov 08, 2023
