Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Bank of Canada cut 2023 growth forecast, sees persistently high inflation
OTTAWA, Oct 25 (Reuters) - The Bank of Canada on Wednesday cut its 2023 growth forecast to 1.2% from the 1.8% it predicted in July and said inflation would remain persistently high until the middle of...
Oct 25, 2023
Lula approval falls on perception Brazil economy slipping -Genial/Quaest poll
BRASILIA (Reuters) - Approval of President Luiz Inacio Lula da Silva's performance has fallen in the last two months as Brazilians worry that Latin America's largest economy is worsening, a new Genial...
Oct 25, 2023
Chevron target Hess beats quarterly profit estimates on production boost
(Reuters) - Oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for third-quarter profit on higher production, days after agreeing to be bought by larger U.S. rival Chevron Corp for...
Oct 25, 2023
Stellantis nears deal to buy 20% of Chinese EV maker Leapmotor- Bloomberg News
(Reuters) -Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang Leapmotor , Bloomberg News reported on Wednesday, citing people with knowledge of...
Oct 25, 2023
Norfolk Southern profit slumps, takes $163 million charge on Ohio derailment
(Reuters) - U.S. railroad operator Norfolk Southern's third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio freight train derailment. The d...
Oct 25, 2023
U.S mortgage rates soar to highest in more than 23 years
(Reuters) - The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving mortgage applications to...
Oct 25, 2023
Moody’s quarterly profit beats estimates on robust demand
(Reuters) - Ratings agency Moody's reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics. The New York-based company saw robust...
Oct 25, 2023
Microsoft, OpenAI-backed AI safety forum names first director, plans advisory board
(Reuters) - An artificial intelligence safety forum launched by companies including OpenAI, Microsoft and Google named its first director on Wednesday, and said it would create an advisory board in th...
Oct 25, 2023
Boeing trims annual 737 delivery target due to supplier errors
(Reuters) -Boeing on Wednesday cut its 737 delivery forecast for this year due to quality issues at supplier Spirit AeroSystems, a temporary setback to the planemaker that is looking to recover from i...
Oct 25, 2023
Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO
By Ron Bousso LONDON (Reuters) -Shell will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits,...
Oct 25, 2023
Sat Jul 18
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