Author Archives: Syndicated Content
Analysis-Rate cuts to accelerate US banks' move to higher-yielding investments
By Saeed Azhar (Reuters) - Rate cuts and easing bond yields are spurring some U.S. banks to cut losses on low-yielding investment securities, and park those funds in higher-yielding paper to improve r...
Oct 24, 2024
German wage catch-up continues even as economy shrinks, Bundesbank says
FRANKFURT (Reuters) -German wages are continuing to grow briskly despite a shrinking economy as workers regain more of the purchasing power they lost to high inflation, the country's central bank said...
Oct 24, 2024
Canadian homeowners consider switch to variable rate mortgages after big rate cut
By Nivedita Balu TORONTO (Reuters) - More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wed...
Oct 24, 2024
US autonomous truck startup Outrider raises $62 million to scale up
By Nick Carey (Reuters) - U.S. self-driving truck firm Outrider said on Thursday it had raised $62 million from investors to scale up autonomous truck services in distribution yards for customers in e...
Oct 24, 2024
Exclusive: Weight-loss drugs didn't curb health costs within two years, data show
By Chad Terhune (Reuters) - Drugs like Wegovy may trim your waistline but not medical costs, according to an analysis of U.S. health insurance claims shared with Reuters. The full-year cost of care fo...
Oct 24, 2024
UPS reports rise in third-quarter profit on rebounding volumes, cost cuts
(Reuters) - United Parcel Service reported a rise in third-quarter profit on Thursday, as rebounding volumes ahead of the holiday season lifted revenues, while cost cuts helped offset the margin hit f...
Oct 24, 2024
Dow starts review of some Europe assets, Q3 exceeds estimates
(Reuters) -Chemical company Dow said on Thursday it has begun a review of some of its European assets even as its third-quarter profit beat estimates on higher demand in the U.S. and Canada for indust...
Oct 24, 2024
Keurig Dr Pepper takes majority stake in energy-drink maker Ghost for $990 million
(Reuters) -Keurig Dr Pepper is buying a 60% stake in energy-drink maker Ghost for $990 million, with a plan to purchase the rest in 2028, the companies said on Thursday. Ghost, founded as a lifestyle ...
Oct 24, 2024
UK business sentiment weakest in two years before budget, CBI says
LONDON (Reuters) - Sentiment among British manufacturing companies fell at the fastest pace in two years ahead of finance minister Rachel Reeves' first budget next week, a survey showed on Thursday. T...
Oct 24, 2024
Swiss bankers flag concerns over plans for tougher capital rules
By John Revill and Oliver Hirt ZURICH (Reuters) - The Swiss Bankers Association on Thursday criticised government plans for tougher capital requirements on UBS following the 2023 collapse of Credit Su...
Oct 24, 2024
