Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
FedEx dives after quarterly profit miss, annual revenue forecast cut
(Reuters) - Shares of FedEx fell about 10% in trading before the bell on Wednesday, a day after the parcel delivery firm missed expectations for quarterly profit and trimmed its revenue forecast for t...
Dec 20, 2023
Overseas aid big loser in German austerity drive, development groups say
BERLIN (Reuters) - Overseas aid is a big loser in the German budget deal, development agencies have said, after the government agreed to spend almost a billion euros less on development assistance as ...
Dec 20, 2023
Egypt faces painful choices after Sisi’s re-election
By Patrick Werr CAIRO (Reuters) - A steady deterioration of the economy puts Egypt under pressure to take long-awaited measures following a presidential election, foremost among them a currency devalu...
Dec 20, 2023
Philippines’ Marcos signs into law record $103 billion budget for 2024
MANILA (Reuters) - Philippines President Ferdinand Marcos Jr has signed into law next year's record 5.768 trillion pesos ($103.36 billion) budget, which he said details his government's battle plan to...
Dec 20, 2023
Goldman Sachs brings forward BoE rate-cut view to May
(Reuters) - Goldman Sachs on Wednesday advanced its expectation on the timing of interest-rate cut by the Bank of England to May from June, while maintaining the size of cut at 25 basis points per mee...
Dec 20, 2023
Asset managers face tougher rules on investor cash calls
By Huw Jones LONDON (Reuters) - Global regulators published tougher rules on Wednesday for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without the n...
Dec 20, 2023
World Bank releases $250 million to bolster economic reforms in Sri Lanka
(Reuters) - The World Bank has released a second tranche of $250 million to support economic reforms in Sri Lanka, it said in a statement on Wednesday. The International Monetary Fund earlier this mon...
Dec 20, 2023
UK inflation falls far more than expected, lowest since Sept 2021
By Andy Bruce and David Milliken LONDON (Reuters) -British inflation fell by more than any economist polled by Reuters predicted in November, pushing the headline rate to its lowest since September 20...
Dec 20, 2023
Column-Central Banks, King Canute and rate tide: Mike Dolan
By Mike Dolan LONDON (Reuters) - Like medieval King Canute's unsuccessful attempt to command the incoming tide to stop, central banks' attempts to push back against swelling interest rate cut bets see...
Dec 20, 2023
German consumer sentiment to rise with start of new year -GfK
BERLIN (Reuters) - German consumer sentiment is set to improve with the start of the new year, though whether the rise marks the beginning of a sustained recovery from a very low level for Europe's bi...
Dec 20, 2023
