Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
IMF: Russia’s war spending fuels short-term growth, longer-term outlook ‘dim’
By Alexander Marrow (Reuters) - Huge fiscal spending on the military is fuelling short-term economic growth in Russia, but looking at the longer term picture the outlook is "dim", the International Mo...
Oct 13, 2023
Canadian home sales fall for 3rd month; CREA lowers full-year forecast
By Fergal Smith TORONTO (Reuters) -Canadian home sales fell for a third straight month in September and the industry group that produces the data downgraded its forecast for the full year, anticipatin...
Oct 13, 2023
Major US banks show profit boost, but cautious on outlook, consumer health
NEW YORK (Reuters) - Major U.S. banks on Friday reported rising profits from higher interest rates on loans, but warned the economy was slowing as customers depleted their savings. JPMorgan's profit j...
Oct 13, 2023
Global market reaction to a week of war in Israel
By Marc Jones LONDON (Reuters) - Below are five charts showing the volatile response of global financial markets to this week's war between Israel and Hamas. 1/TAKING STOCK MSCI's main world stocks in...
Oct 13, 2023
PNC Financial Services to cut jobs after quarterly profit drop
(Reuters) - PNC Financial Services Group said on Friday it would reduce its workforce by about 4% as part of its cost reduction plans after it posted a drop in profit in the third quarter. The lender ...
Oct 13, 2023
US import prices rise less than expected in September
WASHINGTON (Reuters) - U.S. import prices increased less than expected in September as a strong dollar depressed prices of non-petroleum products, which over time will help to lower domestic inflation...
Oct 13, 2023
Microsoft closes $69 billion deal for ‘Call of Duty’ publisher Activision
(Reuters) - Xbox maker Microsoft closed its $69 billion deal for Activision Blizzard on Friday, swelling its heft in the video-gaming market with best-selling titles including "Call of Duty" to better...
Oct 13, 2023
Deutsche Bahn close to signing $1.68 bn deal to sell Arriva to I Squared -sources
By Emma-Victoria Farr, Andres Gonzalez and Markus Wacket FRANKFURT/LONDON (Reuters) - Miami-based infrastructure investor I Squared Capital aims to sign a deal to acquire Deutsche Bahn's international...
Oct 13, 2023
Citigroup profit holds steady as investment banking fees jump
By Manya Saini and Tatiana Bautzer NEW YORK (Reuters) - Citigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees. The bank's n...
Oct 13, 2023
Czech lawmakers back government’s $6.5 billion deficit-cutting plan
PRAGUE (Reuters) - Czech lower house lawmakers approved on Friday the centre-right government's 151 billion crown ($6.47 billion) package of spending cuts and tax hikes aimed at cutting the budget def...
Oct 13, 2023
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