Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Higher rates trigger big retreat in global non-bank sector
By Huw Jones LONDON (Reuters) - Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher interest rat...
Dec 18, 2023
Morocco to hit record tourism arrivals despite headwinds
By Ahmed Eljechtimi RABAT (Reuters) - Morocco's tourism industry looks set to have had a record year, boosting the wider economy, despite September's earthquake and what sector professionals see as so...
Dec 18, 2023
Fed’s Mester says next phase is to see how long its policy needs to remain ‘restrictive’ – FT
(Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate rates, the Financial Time...
Dec 18, 2023
EU opens proceedings against X in first probe under new rules
By Supantha Mukherjee PARIS/STOCKHOLM (Reuters) -The European Union on Monday said it would launch an investigation of social media company X, formerly known as Twitter, over a suspected breach of obl...
Dec 18, 2023
Futures edge higher as Treasury yields slip, eyes on data
(Reuters) - U.S. stock index futures edged higher on Monday as Treasury yields slipped ahead of economic data this week that could offer insights on when the Federal Reserve could start cutting intere...
Dec 18, 2023
Exclusive-Turkey saves $2 billion on Russian oil as imports soar despite sanctions
MOSCOW (Reuters) - Turkey and Turkish companies have saved around $2 billion on energy bills in 2023 by raising imports of discounted Russian oil and refined products, Reuters calculation based on LSE...
Dec 18, 2023
China’s Nio to get $2.2 billion investment from Abu Dhabi’s CYVN
SHANGHAI (Reuters) -Electric vehicle maker Nio has signed a pact for an investment of $2.2 billion from CYVN Holdings, an investment vehicle based in Abu Dhabi, the Chinese company said on Monday. The...
Dec 18, 2023
Southwest Airlines agrees to $140 million penalty over 2022 holiday meltdown
By David Shepardson WASHINGTON (Reuters) - Southwest Airlines agreed to a record-setting $140 million civil penalty over the December 2022 holiday meltdown that led to 16,900 flight cancellations and ...
Dec 18, 2023
Record output, tax dodge pushes up crude exports from US Gulf Coast
By Georgina McCartney HOUSTON (Reuters) - Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on thei...
Dec 18, 2023
German business sentiment falls in December – Ifo
By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly worsened in December, the Ifo institute said on Monday after its latest survey also showed a decline in both expectations and cu...
Dec 18, 2023
