Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Herbalife enters deferred prosecution agreement over alleged corruption in China
NEW YORK (Reuters) - Herbalife Nutrition Ltd has entered a deferred prosecution agreement to settle U.S. government charges it provided corrupt payments and benefits to Chinese officials, including in...
Aug 28, 2020
Boeing aims to increase Black employees by 20%, CEO says in memo
By Eric M. Johnson SEATTLE (Reuters) - Boeing Co is seeking to increase Black U.S. employees throughout the company by 20% and mandate benchmarks for hiring people of color, Chief Executive Dave Calho...
Aug 28, 2020
Fed’s targeting of higher inflation could backfire, paper suggests
(Reuters) - Targeting higher inflation, as the Federal Reserve suggested it would do in a revamp of its monetary policy strategy on Thursday, could end up slowing growth instead of boosting it unless ...
Aug 28, 2020
Yum China applies for Hong Kong debut amid U.S.-China tensions
(Reuters) - Yum China Holdings Inc filed an application for a secondary listing in Hong Kong on Friday, a rising trend among some Chinese firms to list closer to home in a bid to mitigate risks from e...
Aug 28, 2020
Fed’s Kaplan says central bank needs to be conscious of financial stability risks
NEW YORK (Reuters) - The Federal Reserve needs to keep an eye on how its efforts to stabilize markets and promote stronger jobs growth could be encouraging some investors to take on excess debt and ot...
Aug 28, 2020
U.S. consumer spending beats expectations in July
WASHINGTON (Reuters) - U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to...
Aug 28, 2020
Exclusive: Germany seen revising upward its 2020 GDP forecast, says source
BERLIN (Reuters) - The German government is set to revise upward its economic growth forecast for this year to a decline of less than 6% from a previous estimate of -6.3%, a coalition source told Reut...
Aug 28, 2020
Take Five: Sayonara Abenomics?
1/ THE END OF THREE ARROWS Shinzo Abe, Japan's longest serving premier and author of the signature shock-and-awe "Abenomics" stimulus strategy, has resigned for health reasons. Sweeping to power in la...
Aug 28, 2020
Detained Colombia businessman was negotiating with Iran for Venezuela, lawyers say
By Angus Berwick (Reuters) - A Colombian businessman detained in Cape Verde in June was on a mission to Iran as a special envoy of Venezuelan President Nicolas Maduro to negotiate fuel and humanitaria...
Aug 28, 2020
Global funds once again opt out of stocks, despite rally, Reuters polls show
By Rahul Karunakar and Tushar Goenka BENGALURU (Reuters) - Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as th...
Aug 28, 2020
