Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Coronavirus credit crunch was unlikely to self-correct: NY Fed official
(Reuters) - The coronavirus pandemic led to the most extreme levels of financial market volatility since the 2008 crisis and credit markets were likely to freeze up without central bank intervention, ...
Apr 22, 2020
American Eagle pulls annual forecast on coronavirus worries; shares plunge
(Reuters) - Shares of American Eagle Outfitters Inc dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly hit by c...
Apr 22, 2020
IKEA opens half of stores in Israel after lockdown eased
TEL AVIV (Reuters) - IKEA, the world's biggest furniture brand, opened three of its six stores in Israel on Wednesday after the government started to gradually ease its coronavirus lockdown. IKEA, whi...
Apr 22, 2020
Brazil’s real hits new record low near 5.40 per dollar as rate cut bets intensify
By Jamie McGeever BRASILIA (Reuters) - Brazil's real fell on Wednesday to a fresh all-time low close to 5.40 per dollar, as expectations intensified that the central bank will cut interest rates signi...
Apr 22, 2020
Oklahoma regulators approve application classifying oil output as ‘economic waste’
DENVER (Reuters) - Oklahoma's energy regulator on Wednesday ruled in favor of an oil company's application effectively bars property owners from cancelling leases where production is halted due to low...
Apr 22, 2020
Explainer: Why Norwegian Air matters to Norway
By Gwladys Fouche OSLO (Reuters) - Norwegian Air , the budget carrier that changed the way people travel across the Atlantic, is fighting for survival as the coronavirus pandemic deepens the company's...
Apr 22, 2020
Air Namibia delays April salaries as lockdown takes its toll on cashflow
WINDHOEK (Reuters) - Namibia's flag carrier Air Namibia announced on Wednesday that staff salaries for April will be delayed by at least a week as the country's ban on air travel hits its cashflow. Tr...
Apr 22, 2020
Sweden eyes benefits of spurning lockdown in the face of pandemic
By Johan Ahlander and Philip O'Connor STOCKHOLM (Reuters) - While much of Europe remained in lockdown, students played table tennis and made weekend plans at Kunskapsskolan, one of many Swedish school...
Apr 22, 2020
White House aide to take key U.S. Commerce Department post
By Alexandra Alper and Karen Freifeld (Reuters) - A senior White House aide who has been involved with next-generation 5G networks and the global campaign against China's Huawei Technologies [HWT.UL] ...
Apr 22, 2020
German shoppers not rushing back as stores reopen
BERLIN (Reuters) - German consumers are counting their pennies rather than returning to shop in large numbers as stores gradually reopen after being locked down during the coronavirus crisis, the nati...
Apr 22, 2020
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