Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Australia’s first-quarter inflation hits 5-1/2-year high, prices to plunge in second quarter
By Wayne Cole SYDNEY (Reuters) - Australian inflation accelerated to its highest in over five years last quarter, data showed on Wednesday, but the long-desired pick-up is likely to be fleeting in the...
Apr 28, 2020
Oil prices climb as storage fills less rapidly than feared
By Sonali Paul MELBOURNE (Reuters) - Oil prices climbed on Wednesday, trimming some of this week's steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up as so...
Apr 28, 2020
Dollar slips as optimism holds ahead of Fed
By Tom Westbrook SINGAPORE (Reuters) - The dollar was on the back foot on Wednesday as the slowing spread of the coronavirus and moves to re-open economies supported the investor mood, ahead of major ...
Apr 28, 2020
Blackstone buys $360 million stake in Australia’s Crown Resorts; shares soar
(Reuters) - Australia's Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought all of its shares held by Macau casino operator Melco Resorts & Entertainment ...
Apr 28, 2020
Asia stocks inch higher after mixed U.S. corporate earnings
By Chibuike Oguh (Reuters) - Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns...
Apr 28, 2020
Samsung Elec expects second-quarter profit fall as virus hits sales of smartphones, TVs
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) - Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smar...
Apr 28, 2020
U.S. muni market assesses Fed’s lifeline for cash-strapped states, cities
By Karen Pierog CHICAGO (Reuters) - The Federal Reserve broadened the universe of states and local governments that can tap into a new $500 billion borrowing program for cash needed in the wake of the...
Apr 28, 2020
Online news site Axios returning $4.8 million U.S. payroll loan
WASHINGTON (Reuters) - Online news site Axios said on Tuesday it was returning a $4.8 million U.S. loan amid a public backlash over some companies taking assistance from the program created by Congres...
Apr 28, 2020
South Korea’s March factory output expands unexpectedly as virus disrupts Chinese production
SEOUL (Reuters) - South Korea's factory output unexpectedly expanded at its sharpest pace in nearly 11 years in March, official data showed on Wednesday, aided by virus-related production disruptions ...
Apr 28, 2020
Large investor backs activist Starboard’s push for board seats at GCP Applied Technologies
By Svea Herbst-Bayliss BOSTON (Reuters) - An investor group that owns almost one-quarter of GCP Applied Technologies is backing activist investor Starboard Value's plan to remove most of the chemical ...
Apr 28, 2020
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