Wealth Growth Daily

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Indian tribunal approves $8.5 billion Disney, Reliance media assets merger

BY Reuters  • August 30, 2024August 30, 2024
BENGALURU (Reuters) -An Indian company tribunal has approved the $8.5 billion merger of Reliance Industries and Disney’s Indian media assets, Reliance said on Friday. Earlier this week, the comp[...]
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Norfolk Southern reaches tentative agreements with five more labor unions

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) – Norfolk Southern has reached tentative, five-year labor agreements with five unions, the U.S. railroad operator said on Friday, at a time when thousands of employees in the industry[...]
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Nippon Steel, peers urge Tokyo to curb steel imports from China, executive says

BY Reuters  • August 30, 2024August 30, 2024
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) -Nippon Steel and other Japanese steelmakers are urging Tokyo to consider curbing cheap steel imports from China, the world’[...]
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SIX Group explores options for financial information unit, sources say

BY Reuters  • August 30, 2024August 30, 2024
By Amy-Jo Crowley, Oliver Hirt and Andres Gonzalez LONDON (Reuters) – Swiss stock market operator SIX Group is weighing options for its financial information unit, including potentially merging[...]
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OPEC+ likely to proceed with planned output hike from October, sources say

BY Reuters  • August 30, 2024August 30, 2024
By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some membe[...]
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Explainer-Charting the Fed’s economic data flow

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) -The U.S. central bank held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its July 30-31 policy meeting, but since then Federal Reserve Chair Jer[...]
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Intel rises as report of chipmaker exploring options cheers glum investors

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) -Intel’s shares rose more than 3% in early trading on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor ent[...]
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US economy displays resilience with low layoffs, solid second-quarter growth

BY Reuters  • August 30, 2024August 30, 2024
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming[...]
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US regulator finds banks have work to do on climate risk, sources say

BY Reuters  • August 30, 2024August 30, 2024
By Isla Binnie and Nupur Anand NEW YORK (Reuters) – A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to[...]
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