Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Italy’s economy to bounce back in third-quarter, grow significantly in 2021: economy minister to paper
ROME (Reuters) - Italy's Economy Minister said on Thursday he expected a "strong rebound" in output in the third quarter of the year and significant growth in 2021, after an exceptional contraction du...
Apr 23, 2020
Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams car demand
SEOUL (Reuters) - South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading coronavirus outbreak hit demand ...
Apr 23, 2020
Half of German firms using shortened working hours due to coronavirus: Ifo
BERLIN (Reuters) - Half of German companies are using the government's short-time work facility as most see a decline in revenues due to the coronavirus outbreak, a survey published by the Ifo economi...
Apr 23, 2020
Singapore sees deflation in core prices for second straight month
SINGAPORE (Reuters) - Singapore's main price gauge contracted for a second consecutive month in March, data showed on Thursday, with prices falling 0.2% from a year earlier. Core inflation - the centr...
Apr 23, 2020
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
By Jessica Resnick-Ault and David French NEW YORK (Reuters) - U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy d...
Apr 23, 2020
Record U.S. jobless claims wipe out post-Great Recession employment gains
By Lucia Mutikani WASHINGTON (Reuters) - A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment ...
Apr 22, 2020
For SoftBank’s Son, coronavirus turns vision to illusion
By Anirban Sen and Sam Nussey BANGALORE/TOKYO (Reuters) - SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at hi...
Apr 22, 2020
Detroit automakers, UAW to continue talks over reopening U.S. plants
(Reuters) - The United Auto Workers (UAW) said late Wednesday discussions are still underway with Detroit's Big Three automakers to safely restart U.S. production halted by the coronavirus pandemic. G...
Apr 22, 2020
Kia Motors to halt operations at two domestic factories on some days in April, May: union
SEOUL (Reuters) - South Korean automaker Kia Motors plans to suspend operations at two of its domestic factories from April 27 to May 10 and again between May 22 to 25, a union official said on Thursd...
Apr 22, 2020
Pandemic throws Asia’s services firms, factories into deeper decline
By Leika Kihara TOKYO (Reuters) - The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on the region's serv...
Apr 22, 2020
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