Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Oil revenues and tax payments shrink Russia’s budget gap in October
(Reuters) - Russia's budget deficit shrank further in October thanks to higher oil prices, a weak rouble and an inflow of quarterly tax payments, the finance ministry said on Tuesday. The deficit for ...
Nov 07, 2023
ECB’s De Guindos warns higher deposit costs will hit banks’ lending income
MADRID (Reuters) - Euro zone banks' lending income is expected to be negatively impacted by a gradual increase in the remuneration of deposits, European Central Bank Vice-President Luis de Guindos sai...
Nov 07, 2023
Expeditors misses profit estimates on gloomy freight demand
(Reuters) - Logistics services provider Expeditors International of Washington missed estimates for third-quarter profit on Tuesday due to a deceleration in freight demand, sending its shares down 8.5...
Nov 07, 2023
US trade gap widens more than expected in September
(Reuters) - The U.S. trade deficit widened more than expected in September, making it less likely for trade to have contributed to growth in the third quarter. The trade deficit expanded 4.9% to $61.5...
Nov 07, 2023
Eisai expects Alzheimer’s drug to rake in revenue of $66.5 million by March
(Reuters) - Japanese drugmaker Eisai said on Tuesday it was targeting revenue of 10 billion yen ($66.5 million) from its recently approved Alzheimer's drug, Leqembi, by March 2024. The company said th...
Nov 07, 2023
World wine output to fall to lowest in 60 years
PARIS (Reuters) - World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the Internatio...
Nov 07, 2023
GlobalFoundries projects profit above estimates in positive sign for chip market
(Reuters) - Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts' estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easin...
Nov 07, 2023
Canada’s trade surplus doubles in September on energy price surge
OTTAWA (Reuters) - Canada's trade surplus with the world increased more than expected to C$2.04 billion ($1.48 billion) in September, as higher crude prices helped exports outpace a rise in imports, S...
Nov 07, 2023
Fed’s Goolsbee: we are making progress on inflation
(Reuters) - The Federal Reserve has made significant inroads on bringing inflation back down to its 2% target and if that continues attention will turn to how long to keep interest rates at current le...
Nov 07, 2023
Office rental firm IWG looks to snap up more sites of rival WeWork
(Reuters) - IWG is looking at acquiring more of collapsed rival WeWork's sites, the office rental firm's top boss Mark Dixon confirmed on Tuesday. The news comes a day after WeWork, the SoftBank Group...
Nov 07, 2023
Sun Jul 12
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