LONDON (Reuters) – Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in 2024, credit rating agency Mood[...]
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December 4, 2023
Verizon announces Netflix, Max streaming bundle for customers
(Reuters) – Verizon Communications said on Monday it would offer streaming subscriptions to Netflix and Warner Bros Discovery-owned Max platforms as a bundle to its customers. Verizon “myP[...]
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IBM shows new quantum computing chip, targeting 2033 for large systems
By Stephen Nellis (Reuters) – International Business Machines on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a d[...]
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Central banks ‘not out of the woods’ in inflation battle – BIS
By Marc Jones LONDON (Reuters) – Global central bank umbrella body, the BIS, eased its hardline stance on inflation on Monday, calling recent progress encouraging, but stressed that central bank[...]
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Analysis-Fiscal rules revamp may threaten calm in euro zone’s fragile bond markets
By Stefano Rebaudo (Reuters) – The recent calm in bond markets of the most indebted euro zone nations could quickly flip to turmoil in 2024 if investors already nervous about debt sustainability[...]
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Analysis-‘Lovin’ it’: McDonald’s raises China bet, bucking Western firms’ derisking trend
By Casey Hall SHANGHAI (Reuters) -The decision by McDonald’s to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions se[...]
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Analysis-China’s big pig breeders dig in as losses and debts mount
By Dominique Patton BEIJING (Reuters) – The biggest pig breeders in China, consumer of fully half the world’s pork, seem to have bitten off more than they can chew. Big agribusinesses have[...]
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Fed, with rates at a peak, now looks at a hold and an eventual pivot lower
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge over when an[...]
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CLS to decide whether to delay FX settlement cutoff in Q1
By Laura Matthews NEW YORK (Reuters) – CLS, the largest multi-currency settlement system for FX trades globally, will decide in the first quarter of 2024 if it can delay settlement instructions[...]
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