By Jorgelina do Rosario LONDON (Reuters) – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to e[...]
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October 12, 2023
Walgreens maps out $1 billion in cost cuts as profit forecast underwhelms
(Reuters) -Walgreens Boots Alliance said on Thursday that it expected to cut at least $1 billion in costs in 2024 as part of its ongoing efforts, which include shutting unprofitable stores, after the[...]
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U.S. retirees to see 3.2% rise in annual benefits in 2024
WASHINGTON (Reuters) – U.S. retirees and government benefits recipients will get a 3.2% increase next year, the federal government said on Thursday, announcing its smallest annual increase in th[...]
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World Bank governors endorse ‘liveable planet’ vision – German minister
By Andrea Shalal MARRAKECH, Morocco (Reuters) -World Bank shareholders on Thursday endorsed further reforms and a new vision statement committing the multilateral development bank to work for “a[...]
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Companies fear lawsuits from California’s climate disclosure rules
By Isla Binnie (Reuters) – California’s new emissions laws could force companies to reveal more about their carbon footprint to the U.S. Securities and Exchange Commission (SEC), raising t[...]
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Explainer-Goldman Sachs and its role in the multi-billion dollar 1MDB scandal
KUALA LUMPUR (Reuters) – Goldman Sachs Group has sued Malaysia in a British arbitration court, as tensions escalate over a settlement agreement on the bank’s role in the massive 1MDB corru[...]
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Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller
(Reuters) -Wall Street bonuses could fall 16% this year as interest rates possibly staying higher for longer threatens the performance of financial companies, according to New York State Comptroller T[...]
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Fastenal beats profit estimates on strong demand for onsite products
By Abhinav Parmar -Fastenal beat estimates for third-quarter profit on Thursday, driven by higher demand for its onsite products such as, safety gloves, fasteners and power tools, sending its shares u[...]
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Domino’s Pizza banks on promotions, loyalty program to revive demand
By Juveria Tabassum and Deborah Mary Sophia (Reuters) -Domino’s Pizza on Thursday bet on a revival in U.S. demand on the back of its spruced-up loyalty program and promotional offers to help off[...]
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