Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Argentina unveils post-crisis budget with 5.5% economic rebound in 2021
BUENOS AIRES (Reuters) - Argentina's government is working towards a fiscal deficit of 4.5% of gross domestic product in 2021 and an economic rebound of 5.5%, according to a draft budget sent to Congr...
Sep 15, 2020
U.N. aviation task force eyes recommendation on COVID-19 testing by late October: sources
By Allison Lampert MONTREAL (Reuters) - A UN-led aviation task force aims to make a recommendation by late October on the use of COVID-19 testing to reduce long quarantine requirements that have decim...
Sep 15, 2020
Most Wall Street bonuses may decline, job cuts to continue into 2021: report
(Reuters) - Bonuses for a large share of Wall Street workers are expected to fall up to 25% this year and job cuts are likely to continue into 2021, a report by compensation consulting firm Johnson As...
Sep 15, 2020
Exclusive: Investors expect reprieve on contentious U.S. shareholder voting rights rule
By Katanga Johnson and Jessica DiNapoli WASHINGTON (Reuters) - U.S. investors expect the securities regulator to drop a contentious provision in a new rule that would make it tougher for them to push ...
Sep 15, 2020
Banks lower revenue outlook as pandemic crimps loan demand
By Imani Moise and David Henry (Reuters) - Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments...
Sep 15, 2020
Tech stocks most ‘crowded trade’ of all time: BAML survey
NEW YORK (Reuters) - Too many investors have piled into U.S. technology stocks, making the sector the most "crowded trade" of all time and difficult to unwind, while a tech bubble is the biggest risk ...
Sep 15, 2020
Spotify criticizes new Apple services bundle on antitrust grounds
(Reuters) - Streaming music firm Spotify Technology SA on Tuesday criticized rival Apple Inc , saying that a new subscription bundle offer from the iPhone maker abuses its dominant market position by ...
Sep 15, 2020
Kohl’s cuts 15% of corporate workforce
(Reuters) - Kohl's Corp said on Tuesday it has cut about 15% of its corporate jobs as the department store operator looks to save cash at a time when the COVID-19 pandemic hammers its business. The co...
Sep 15, 2020
Germany’s BaFin probes allegations in report critical of Grenke
By Patricia Uhlig, Douglas Busvine and Hakan Ersen FRANKFURT/BERLIN (Reuters) - German financial watchdog BaFin said on Tuesday it was looking into allegations of market manipulation by German financi...
Sep 15, 2020
FedEx revenue jumps as pandemic drives e-commerce bounce
(Reuters) - U.S. package delivery company FedEx Corp posted a 13.5% rise in quarterly revenue on Tuesday, boosted by an increase in domestic residential shipments during the COVID-19 pandemic. Adjuste...
Sep 15, 2020
