Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Brazil central bank cuts rates by 50 bps, signals same beyond January
By Marcela Ayres BRASILIA (Reuters) - Brazil's central bank lowered its benchmark interest rate by 50 basis points on Wednesday for the fourth time in a row and signaled that it would keep cutting rat...
Dec 13, 2023
New Zealand economy unexpectedly contracts in third quarter
By Lucy Craymer WELLINGTON (Reuters) - New Zealand's economy unexpectedly contracted in the third quarter as a number of industries including manufacturing and construction saw activity slow and house...
Dec 13, 2023
BofA’s former head of wealth, private bank Keith Banks to retire
By Lananh Nguyen NEW YORK (Reuters) - Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end of February after more than four decades in finance, the co...
Dec 13, 2023
Fed’s Powell not ready to say when balance sheet wind-down ends
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that central bank officials have yet to decide when they will end their balance sheet reduction effort ev...
Dec 13, 2023
Peru’s central bank: inflation may hit target sooner than expected
LIMA (Reuters) - Peru's inflation rate could converge to the central bank's target sooner than expected, the head of the bank said on Wednesday, arguing that the rate of rising prices in the Andean na...
Dec 13, 2023
Marketmind:’Melt up’ as Fed accelerates pivot
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets are poised for lift off on Thursday, fueled by the dovish tilt from the Federal Reserve's final policy meeting of ...
Dec 13, 2023
US rate futures lift March rate cut bets after Fed flags end of tightening
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability after the ...
Dec 13, 2023
GM still planning to end gas-powered vehicle sales by 2035 — CEO
By David Shepardson WASHINGTON (Reuters) - General Motors CEO Mary Barra said Wednesday the Detroit automaker still plans on moving to all electric vehicle sales by 2035 even as it has recently delaye...
Dec 13, 2023
Argentina’s $400 billion ‘debt bomb’ threatens default number 10
By Jorgelina do Rosario and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) - Argentina's economy has many problems, and dealing with a mountain of debt repayments over the next two years could determi...
Dec 13, 2023
Credit Suisse entities to pay $10 million over prohibited mutual fund services
WASHINGTON (Reuters) -Credit Suisse Securities and two affiliated firms have agreed to pay over $10 million to settle U.S. Securities and Exchange Commission charges they provided prohibited services ...
Dec 13, 2023
