Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
US Fed pivot dominates as global rate hike cycle stutters in December
By Karin Strohecker and Sumanta Sen LONDON (Reuters) - A long awaited shift in the U.S. Federal Reserve's monetary policy arrived in December with major developed central banks delivering just one inc...
Dec 22, 2023
US equity funds see big outflows on profit-taking ahead of inflation report
(Reuters) - U.S. equity funds saw significant outflows in the week ended Dec. 20, as investors took profits ahead of a key U.S. inflation report and as enthusiasm over potential rate cuts diminished. ...
Dec 22, 2023
Air Lease gets insurance settlement for four jets stranded in Russia
(Reuters) - Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked fr...
Dec 22, 2023
Bristol Myers to buy Karuna Therapeutics for $14 billion
(Reuters) -Bristol Myers Squib agreed to buy Karuna Therapeutics for $14 billion on Friday, gaining a promising experimental schizophrenia drug that would help the drugmaker against patent expiration ...
Dec 22, 2023
Ships rerouted by Red Sea crisis face overwhelmed African ports
By Wendell Roelf CAPE TOWN (Reuters) - Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African po...
Dec 22, 2023
Futures inch lower with all eyes on inflation data; Nike slides
(Reuters) - U.S. stock index futures dipped on Friday on caution ahead of a key inflation report, which could test an eight-week long rally driven by optimism that the Federal Reserve could lower inte...
Dec 22, 2023
Swedish court rejects Tesla appeal over licence plates
(Reuters) - A Swedish appeals court has rejected Tesla's attempt to force postal firm PostNord to deliver licence plates to the U.S. automaker, according to a ruling made on Thursday, part of a wider ...
Dec 22, 2023
Cash the big flow ‘winner’ of 2023 – BofA
LONDON (Reuters) - Global investors put a record $1.3 trillion into cash in 2023, according to a report from Bank of America and data provider EPFR on Friday. They also pumped a record $177 billion in...
Dec 22, 2023
US offshore wind poised for success next year after turbulent 2023
By Scott DiSavino NEW YORK (Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and bil...
Dec 22, 2023
Marketmind: An epic Santa rally
(Reuters) - A look at the day ahead in U.S. and global markets by Amanda Cooper. It's the last day in the final full week of trading for the year - not a bad point at which to take stock of what 2023 ...
Dec 22, 2023
