Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Wall St’s rise from pandemic lows has further to go, say strategists: Reuters/Ipsos poll
By Caroline Valetkevitch NEW YORK (Reuters) - The S&P 500 is poised to climb 9% between now and the end of 2021 as the anticipated widespread release of a COVID-19 vaccine drives an economic and corpo...
Nov 24, 2020
After borrowing surge, UK’s Sunak to announce more spending
By William Schomberg LONDON (Reuters) - British finance minister Rishi Sunak, who has already pledged over 200 billion pounds ($267 billion) to fight the COVID-19 crisis, will free up more cash on Wed...
Nov 24, 2020
Analysis: Shocked by sacred sites blast, investors press mining firms to revamp heritage oversight
By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) - Rio Tinto's destruction of sacred Indigenous rock shelters in Australia this year has dismayed and galvanised a swathe of investors who ...
Nov 24, 2020
Luxury fans in China chase neat shot of investment with vintage Moutai liquor
By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) - As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editio...
Nov 24, 2020
Retailers already fear U.S. holiday ‘shipageddon’; now here come vaccines
By Lisa Baertlein LOS ANGELES (Reuters) - Deliveries of holiday gifts purchased online at major retailers could get delayed by something far more critical - COVID-19 vaccines. Pharmaceutical companies...
Nov 24, 2020
Didi launches service in Mexico for women to select only female passengers
MEXICO CITY (Reuters) - Chinese ride-sharing company Didi began rolling out a service in Mexico this week to let female drivers select only other women as their passengers, a move aimed at encouraging...
Nov 24, 2020
Gap’s profit falls 32% as marketing expenses rise
(Reuters) - Gap Inc reported a 32% slump in quarterly profit on Tuesday, hurt by higher marketing expenses, sending the apparel retailer's shares down about 7% in extended trading. The retailer report...
Nov 24, 2020
American Eagle posts 3% quarterly sales decline on pandemic hit
(Reuters) - American Eagle Outfitters Inc reported an about 3% fall in third-quarter revenue on Tuesday, as store traffic slumped due to the COVID-19 pandemic. The teen apparel retailer has been strug...
Nov 24, 2020
Mnuchin will put clawed-back Fed funds out of Yellen’s reach: Bloomberg
WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin will put the over-$400 billion in CARES ACT funding he took back from the Federal Reserve last week into an account that needs Congressional ap...
Nov 24, 2020
Exclusive: Auto service company Monro pushed by activist Ides to make changes
By Svea Herbst-Bayliss (Reuters) - Monro Inc, an operator of U.S. car service and tire centers, is under pressure from an activist investor to improve returns and change operations, people familiar wi...
Nov 24, 2020
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