Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
US bankruptcy wave may stretch into 2024, but pace could slow
By Bansari Mayur Kamdar (Reuters) - The retail sector could continue to lead U.S. bankruptcies next year due to sticky inflation and high interest rates, but analysts expect easing monetary policy to ...
Dec 13, 2023
Foreigners shovel $43.4 billion into EM portfolios in November – IIF
NEW YORK (Reuters) - Emerging markets debt and stock portfolios drew in $43.4 billion from foreign investors in November, the largest net amount since January, even as China posted another month of ne...
Dec 13, 2023
Dollarama raises annual sales forecast on steady demand for discounted goods
(Reuters) - Dollarama lifted its annual sales forecast on Wednesday, encouraged by strong demand for its household essentials and groceries as inflation-hit consumers turned to discount stores. The di...
Dec 13, 2023
Pfizer shares sink on weak 2024 revenue, profit forecasts
(Reuters) -Pfizer on Wednesday forecast 2024 revenue and profit below Wall Street expectations, sending its shares down 7% in premarket trading even as it raised cost-cut target by $500 million. Sales...
Dec 13, 2023
Southwest Airlines raises fuel cost forecast for fourth quarter
(Reuters) -Southwest Airlines on Wednesday raised its forecast for fourth-quarter fuel costs, sending its shares down 1.4% in premarket trading. The carrier, however, expects unit revenue for the quar...
Dec 13, 2023
Auditing firm distances itself from duo’s work on VW’s China plant
By Victoria Waldersee BERLIN (Reuters) - The auditor hired by Volkswagen to audit its jointly-owned site in Xinjiang posted a statement on LinkedIn flagging that just two employees supervised the proj...
Dec 13, 2023
At meeting, Fed must weigh if financial conditions now hindering goals
By Michael S. Derby NEW YORK (Reuters) - For a Federal Reserve that is actively weighing an end to aggressive rate hikes aimed at lowering inflation, easing financial conditions over recent weeks, on ...
Dec 13, 2023
Argentina’s surging prices add urgency to new president’s plan
By Miguel Lo Bianco BUENOS AIRES (Reuters) - The relentless pace of creeping prices in Argentina provides the new president's plan for immediate shock therapy little margin for error, with many citize...
Dec 13, 2023
Airbnb to pay 576 million euros to settle some outstanding Italy tax obligations
(Reuters) - Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the 20...
Dec 13, 2023
Fed likely to hold rates steady, signal couple of cuts in 2024
By Ann Saphir WASHINGTON (Reuters) - The Federal Reserve is widely expected on Wednesday to leave interest rates unchanged for a third straight time, but also signal that a pivot to monetary policy ea...
Dec 13, 2023
