Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Philippines posts budget deficit of $4.42 billion in September
MANILA (Reuters) - The Philippine government posted a budget deficit of 250.9 billion pesos ($4.42 billion) for September, 39% higher than the deficit in the same period last year, the Bureau of the T...
Oct 24, 2023
Japan considering $33 billion spending on payouts, tax cut to counter inflation -sources
By Yoshifumi Takemoto TOKYO (Reuters) - Japan's government is considering spending around $33 billion for payouts to low-income households and an income tax cut in a package of measures to cushion the...
Oct 24, 2023
Asian stocks bounce on China spending plans; inflation jolts Aussie
By Tom Westbrook SINGAPORE (Reuters) - China led Asia's stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger of stimulus, while th...
Oct 24, 2023
Dollar bounces, euro heavy on US/euro zone growth outlook divergence
By Rae Wee SINGAPORE (Reuters) - The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the b...
Oct 24, 2023
Australia Q3 inflation surprisingly strong, adds to rate hike risk
SYDNEY (Reuters) -Australian inflation was surprisingly strong in the third quarter, highlighting stubborn cost pressures that added greatly to the risk of a rise in interest rates as early as next mo...
Oct 24, 2023
Battery firm LG Energy Solution Q3 profit rises 40% on increased US output
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korean battery firm LG Energy Solution (LGES) on Wednesday posted a 40% rise in quarterly profit, helped by increased output from its U.S. joint v...
Oct 24, 2023
Oil nearly flat as macroeconomic concerns contend with tighter US supply
By Stephanie Kelly (Reuters) - Oil prices were nearly flat on Wednesday as signs of tighter U.S. supplies countered economic data that dampened the outlook for energy demand. Brent crude futures edged...
Oct 24, 2023
Microsoft’s AI bets boost cloud business, Alphabet yet to find silver lining
By Akash Sriram and Anna Tong (Reuters) - Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows ...
Oct 24, 2023
BlackRock’s bitcoin ETF added to DTCC file in Aug – DTCC spokesperson
SINGAPORE (Reuters) - BlackRock's iShares Bitcoin Trust ETF was added to the Depository Trust & Clearing Corporation's (DTCC) eligibility file in August, a spokesperson from the global securities sett...
Oct 24, 2023
Dutch lawmakers question new US export restrictions on ASML chip machine
AMSTERDAM (Reuters) - Several Dutch lawmakers on Tuesday challenged the Netherlands' Trade Minister over whether the U.S. has acted correctly in unilaterally imposing new rules regulating the export t...
Oct 24, 2023
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