Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
China lent $1.34 trln in 2000-2021, focus shifts from Belt and Road to rescue finance-report
By Rachel Savage and Clare Baldwin JOHANNESBURG/HONG KONG (Reuters) - Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in ...
Nov 06, 2023
Vertex Pharma misses sales estimates on weak demand for older CF treatments
(Reuters) - Vertex Pharmaceuticals missed Wall Street estimates for third-quarter sales on Monday, hurt by weaker-than-expected demand for its older cystic fibrosis (CF) treatments. The drugmaker reco...
Nov 06, 2023
Fed’s Neel Kashkari not convinced rate hikes are over -WSJ
(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to the central...
Nov 06, 2023
UAW members at General Dynamics plants ratify new tentative agreement
(Reuters) -The United Auto Workers (UAW) union on Monday said members at the General Dynamics plants at Ohio, Michigan and Pennsylvania have voted to ratify a new tentative agreement. The vote was rat...
Nov 06, 2023
Canada’s OMERS buys 5% indirect stake in Toronto Raptors-parent MLSE for $400 million
(Reuters) - Canadian pension plan OMERS said on Monday it will acquire a 5% indirect stake in Maple Leaf Sports & Entertainment (MLSE), the parent company of hockey's Toronto Maple Leafs and basketbal...
Nov 06, 2023
Unifor members ratify new contract with Stellantis in Canada
(Reuters) -Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis. Unifor reached a tentative deal with Stellantis on Oct. 30 after a b...
Nov 06, 2023
SpaceX eyes $15 billion in sales next year on Starlink strength – Bloomberg News
(Reuters) - SpaceX is on track to book revenue of about $9 billion this year across its rocket launch and Starlink businesses with sales projected to rise to around $15 billion in 2024, Bloomberg News...
Nov 06, 2023
REIT Realty Income raises annual AFFO outlook on higher rental revenue
(Reuters) - Realty Income on Monday raised the lower end of its full-year outlook for adjusted funds from operations (AFFO) as the real estate investment trust (REIT) expects to benefit from higher re...
Nov 06, 2023
Chipmaker NXP forecasts profit above estimates on resilient auto, industrial
(Reuters) - Chipmaker NXP Semiconductors forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in ...
Nov 06, 2023
Kinder Morgan to buy NextEra Energy Partner’s STX Midstream
(Corrects story keyword used by media customers) (Reuters) -Kinder Morgan on Monday announced that it would acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.82 billion. (Repo...
Nov 06, 2023
