Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
KLM to receive up to 4 billion euros in financial aid: finance minister
AMSTERDAM (Reuters) - KLM, the Dutch subsidiary of Air France KLM , will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister...
Apr 24, 2020
Pandemic could fuel demand for ‘diaspora bonds’, says World Bank
By Andrea Shalal and Tom Arnold WASHINGTON/LONDON (Reuters) - The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds...
Apr 24, 2020
Lufthansa seeking 290 million euro loan for Belgian airline: media
BRUSSELS (Reuters) - German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airli...
Apr 24, 2020
Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter
By Svea Herbst-Bayliss BOSTON (Reuters) - Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-fo...
Apr 24, 2020
Congressional estimators see major U.S. economic decline in mid-2020 as coronavirus stifles activity
WASHINGTON (Reuters) - The U.S. economy faces a bleak immediate future with gross domestic product likely contracting 12% in the second quarter and the federal deficit growing to $3.7 trillion, while ...
Apr 24, 2020
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
By Lewis Krauskopf NEW YORK (Reuters) - Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the st...
Apr 24, 2020
Cash is king as U.S. quarterly reporting season gains steam
By Noel Randewich (Reuters) - With the U.S. quarterly earnings season picking up steam this week, investors have caught a glimpse of how companies are weathering the coronavirus outbreak, including th...
Apr 24, 2020
Air France wins 7 billion euro state-backed loan package
PARIS (Reuters) - Air France will receive a 7 billion euro ($7.6 billion) loan package backed by the French government to avert a cash crisis brought on by the coronavirus crisis, Finance Minister Bru...
Apr 24, 2020
NYSE eyes reopening trading floor, but timeline still unclear
By John McCrank NEW YORK (Reuters) - The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it has not yet set a...
Apr 24, 2020
Facebook enters the videoconferencing fray with Messenger Rooms
By Katie Paul SAN FRANCISCO (Reuters) - Facebook Inc introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the cor...
Apr 24, 2020
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