Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Jury orders Mitsubishi to pay $977 million over crash involving defective seatbelt
By Jonathan Stempel (Reuters) - A Pennsylvania jury has ordered Mitsubishi Motors to pay nearly $977 million in damages to a man who said he became a quadriplegic in a vehicle rollover because of an a...
Oct 31, 2023
Italy’s economy stagnates in Q3, but inflation slows sharply
By Gavin Jones and Antonella Cinelli ROME (Reuters) - Italy's economy stagnated in the third quarter from the previous three months, preliminary data showed on Tuesday, a weaker reading than expected ...
Oct 31, 2023
Sam Bankman-Fried grilled on ‘cozy’ relationship with Bahamas officials
By Luc Cohen NEW YORK (Reuters) - FTX founder Sam Bankman-Fried was grilled on Tuesday about what a U.S. prosecutor called his "cozy" relationship with officials in the Bahamas, where the cryptocurren...
Oct 31, 2023
Panama canal says will slash booking slots due to drought
PANAMA CITY (Reuters) -Daily ship crossings on the Panama Canal, one of the world's main maritime trade routes, will be further reduced over the coming months due to a severe drought, the authorities ...
Oct 31, 2023
Macro hedge funds turn bearish on equities – Barclays
NEW YORK (Reuters) - Global macro hedge funds are now bearish on equities, leaving behind bullish bets which were part of their strategy for most of the year, while commodity trend advisers (CTAs) inc...
Oct 31, 2023
Odey Asset Management to close – website statement
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management, one of Britain's best known hedge funds, will shut, it said on Tuesday in a statement on its website, less than six months after its founder ...
Oct 31, 2023
Lower costs, FX boost Brazil’s Ambev net profit in Q3 as sales dip
By Natalia Siniawski (Reuters) - Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and favorable exchange rates ...
Oct 31, 2023
Fed buzz: words to watch for as the Fed sets rates
(Reuters) - Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their two-day meeting starting Tuesday. But they will have ...
Oct 31, 2023
Canadian Tire buys back Scotiabank’s stake in financial arm, reviews options
(Reuters) - Canadian Tire has bought back Bank of Nova Scotia's 20% stake in its financial services arm in a C$895 million ($647.14 million) cash transaction and is reviewing alternatives for the unit...
Oct 31, 2023
Philippines October inflation likely within 5.1%-5.9% – central bank
MANILA (Reuters) -Philippine annual inflation likely eased in October, the central bank said on Tuesday, predicting the rate to fall between 5.1% and 5.9%. The central bank's projection for October in...
Oct 31, 2023
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