Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
HSBC sees S&P 500 to rally 8% by 2024-end
(Reuters) - HSBC said on Wednesday it expects the U.S. benchmark S&P 500 index to end 2024 at 5,000 points, representing an around 8% upside to the last close. "We believe market expectations are more...
Dec 13, 2023
Bain Capital sells stake worth $448 million in India’s Axis Bank
BENGALURU (Reuters) - Private equity firm Bain Capital has sold a $448 million stake in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters. Bain a...
Dec 13, 2023
European shares muted on caution ahead of Fed’s rate verdict
(Reuters) - European shares were largely subdued on Wednesday as investors steered clear of risky bets ahead of the U.S. Federal Reserve's much-anticipated interest rate decision and policy outlook. T...
Dec 13, 2023
Fitch says China 2024 outlook neutral, but debt challenges mount
BEIJING (Reuters) - Fitch Ratings said on Wednesday that its outlook for China in 2024 was neutral, but the country would continue to see headwinds from subdued external demand, property sector challe...
Dec 13, 2023
Tesla to lose $7,500 consumer tax credits for some Model 3 vehicles
(Reuters) - Tesla's Model 3 Rear-Wheel Drive and Long Range vehicles will lose an up to $7,500 federal tax credit from Dec. 31 based on new guidance under the U.S. Inflation Reduction Act, a message o...
Dec 13, 2023
Payments regulator proposes cap on Mastercard, Visa cross-border fees
LONDON (Reuters) - Britain's payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard and Visa on transactions made between the UK and Europe...
Dec 13, 2023
Foreign investors boost Asian bond buys in November amid US rate cut signals
(Reuters) - Foreign investors significantly increased their bond purchases in key Asian markets in November, driven by a notable drop in U.S. Treasury yields and a shift in expectations for potential ...
Dec 13, 2023
Renault capital hit from partial Nissan stake sale lower than initial estimate
PARIS (Reuters) - The capital loss resulting from Renault's disposal of a first chunk of its stake in Nissan will amount to around 1 billion euros ($1.08 billion) after the transaction was executed vi...
Dec 13, 2023
Blackstone-owned Crown faces probe by Victoria’s casino regulator
By Rishav Chatterjee (Reuters) -Blackstone-owned Crown Resorts is facing a investigation by an Australian state regulator after the casino operator said it was probing into CEO Ciaran Carruthers, who ...
Dec 13, 2023
UK economy shrinks as BoE readies new rates decision – ONS
LONDON (Reuters) -Britain's economy shrank in October, official data showed on Wednesday, a day before the Bank of England is expected to keep interest rates at a 15-year high to curb still-high infla...
Dec 13, 2023
