Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Global funds dumped another $3 billion in China stocks in Oct -Morgan Stanley
By Summer Zhen HONG KONG (Reuters) - Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according ...
Nov 05, 2023
Barclays sees Fed raising rate in January instead of December
(Reuters) - Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike. The brokerage cit...
Nov 05, 2023
China’s first deficit in foreign investment signals West’s ‘de-risking’ pressure
SHANGHAI (Reuters) - China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing's challenge in wooing overseas comp...
Nov 05, 2023
Japan’s Itochu H1 net profit down 14.5% y/y, sets buy back
(Reuters) - Japanese trading house Itochu on Monday posted a 14.5% drop in six-month net profit but raised its full-fiscal year profit forecast on stronger non-resource business development expectatio...
Nov 05, 2023
Thai inflation falls for first time in 25 months
BANGKOK (Reuters) - Thailand's inflation rate fell for the first time in 25 months, thanks to falling energy prices due to government support measures and lower food prices, the commerce ministry said...
Nov 05, 2023
Allegro Funds gets final regulatory approval to take over PwC Australia spinoff
By Lewis Jackson SYDNEY (Reuters) - Private equity group Allegro Funds said on Monday it had received the final approval for its takeover of Scyne Advisory, PwC Australia's former government consultin...
Nov 05, 2023
Ant Group wins approval to release AI products to Chinese public
SHANGHAI (Reuters) - Ant Group has received Chinese government approval to release products powered by its "Bailing" artificial intelligence (AI) large language model to the public, a spokesperson for...
Nov 05, 2023
Bain close to buying consulting firm Guidehouse in $5 billion deal- WSJ
(Reuters) -Bain Capital is close to acquiring Guidehouse, a consulting firm that advises government organizations and businesses, in a deal valuing it at $5.3 billion including debt, the Wall Street J...
Nov 05, 2023
BOJ’s Ueda sees progress in hitting price goal, but not enough to end easy policy
By Leika Kihara NAGOYA, Japan (Reuters) - Bank of Japan Governor Kazuo Ueda said on Monday the likelihood of the country achieving the central bank's 2% inflation target was gradually increasing but n...
Nov 05, 2023
Dollar steady but remains vulnerable after Fed steer
By Vidya Ranganathan SINGAPORE (Reuters) - Major global currencies were steady early on Monday but seemed poised to extend last week's uptrend as the dollar nursed its losses after the Federal Reserve...
Nov 05, 2023
