Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Intel shelves planned chip operation expansion in Vietnam – source
By Francesco Guarascio HANOI (Reuters) - Intel has shelved a planned investment in Vietnam that could have nearly doubled the U.S. chipmaker's operation there, one person briefed on the plans said, in...
Syndicated Content Nov 06, 2023
Australia’s central bank raises rates to 12-year high, tempers hawkish stance
By Wayne Cole SYDNEY (Reuters) - Australia's central bank raised interest rates to a 12-year high on Tuesday, ending four months of steady policy, but left it open on whether even more tightening woul...
Syndicated Content Nov 06, 2023
Shein targets up to $90 billion valuation in US IPO – Bloomberg News
(Reuters) - Shein is hoping for a valuation of as much as $90 billion for an eventual U.S. initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter. (Reportin...
Syndicated Content Nov 06, 2023
WeWork China will not participate in WeWork’s strategic reorganisation
BEIJING (Reuters) - WeWork China will not participate in the strategic reorganisation of WeWork in the United States and Canada, it said on Tuesday. WeWork China is not a branch or unit of WeWork, it ...
Syndicated Content Nov 06, 2023
China’s imports unexpectedly grow in Oct, exports extend declines
BEIJING (Reuters) - China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the recovery in the world's second-largest economy...
Syndicated Content Nov 06, 2023
UBS chairman says regulators are ‘misguided’ on more scrutiny of capital
HONG KONG (Reuters) - UBS Group Chairman Colm Kelleher said on Tuesday that movements from certain regulators to talk about more scrutiny on capital are "misguided". "Certainly I think movements from ...
Syndicated Content Nov 06, 2023
SoftBank’s WeWork, once most valuable U.S. startup, succumbs to bankruptcy
(Reuters) -WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using mo...
Syndicated Content Nov 06, 2023
GM halts production of Cruise driverless van – Forbes
(Reuters) - General Motors is pausing production of its fully autonomous van, the Origin, Forbes reported on Monday, citing an audio of Cruise CEO Kyle Vogt's address at an all hands meeting. (Reporti...
Syndicated Content Nov 06, 2023
Asia stocks snap winning streak, await RBA
By Tom Westbrook SINGAPORE (Reuters) - Asian stocks snapped a three-day winning streak on Tuesday, slipping as the bond market's rally paused and investors reined in enthusiasm about a possible peak i...
Syndicated Content Nov 06, 2023
Dollar steady as risk rally eases, RBA in focus
By Ankur Banerjee SINGAPORE (Reuters) - The dollar was steady on Tuesday, holding overnight gains as investors took a breather from a risk rally, while the Australian currency drifted lower ahead of a...
Syndicated Content Nov 06, 2023
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