Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Exclusive-Turkey saves $2 billion on Russian oil as imports soar despite sanctions
MOSCOW (Reuters) - Turkey and Turkish companies have saved around $2 billion on energy bills in 2023 by raising imports of discounted Russian oil and refined products, Reuters calculation based on LSE...
Dec 18, 2023
Coal in the Fed’s stocking last year turned to sugar plums in 2023
By Howard Schneider WASHINGTON (Reuters) - The U.S. Federal Reserve started 2023 on a grim note, with staffers calling a recession "plausible," and policymakers penciling in growth near stall speed an...
Dec 18, 2023
Japan’s Nippon Steel to buy U.S. Steel in $14.9 billion deal
(Reuters) - Nippon Steel said on Monday it would buy U.S. Steel in a deal worth $14.9 billion including debt, months after the steelmaker put itself up for sale. (Reporting by Shivansh Tiwary in Benga...
Dec 18, 2023
China’s Nio to get $2.2 billion investment from Abu Dhabi’s CYVN
SHANGHAI (Reuters) -Electric vehicle maker Nio has signed a pact for an investment of $2.2 billion from CYVN Holdings, an investment vehicle based in Abu Dhabi, the Chinese company said on Monday. The...
Dec 18, 2023
Southwest Airlines agrees to $140 million penalty over 2022 holiday meltdown
By David Shepardson WASHINGTON (Reuters) - Southwest Airlines agreed to a record-setting $140 million civil penalty over the December 2022 holiday meltdown that led to 16,900 flight cancellations and ...
Dec 18, 2023
Record output, tax dodge pushes up crude exports from US Gulf Coast
By Georgina McCartney HOUSTON (Reuters) - Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on thei...
Dec 18, 2023
German business sentiment falls in December – Ifo
By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly worsened in December, the Ifo institute said on Monday after its latest survey also showed a decline in both expectations and cu...
Dec 18, 2023
ECB rate cut bets premature, markets have eased too much: Vasle
By Balazs Koranyi FRANKFURT (Reuters) - The European Central Bank will need at least until spring before it can reassess its policy outlook and market expectations for an interest rate cut in March or...
Dec 18, 2023
Workers at Amazon logistics centre in Spain plan 3-day strike over wages
MADRID (Reuters) - Spanish workers at a logistics centre of giant online retailer Amazon in northern Spain are planning a three-day strike ahead of the Epiphany feast day on Jan. 6, when Spanish child...
Dec 18, 2023
BlackRock to invest up to $400 million in Dubai decarbonisation firm Positive Zero
By Yousef Saba DUBAI (Reuters) -BlackRock has agreed to invest up to $400 million in Dubai-based decarbonisation company Positive Zero through a diversified infrastructure fund, Positive Zero said in ...
Dec 18, 2023
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