Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Germany’s BaFin fines BlackRock for late filing of voting rights
FRANKFURT (Reuters) - The German financial markets watchdog BaFin said on Tuesday it had fined BlackRock Investment Management (UK) Ltd 744,000 euros ($809,000) for failure to file voting rights notif...
Apr 21, 2020
Irish government says GDP could fall as low as 15.3% if second wave of coronavirus
DUBLIN (Reuters) - The Irish finance department on Tuesday said GDP for 2020 could fall by 13.8% if the coronavirus is not suppressed in the second quarter, and to 15.3% if there is a second wave. In ...
Apr 21, 2020
World Bank tells G20: Pandemic threatens food security of poor, stop hoarding food
WASHINGTON (Reuters) - The poorest countries in the world face food insecurity and malnutrition due to the pandemic, a drop in foreign exchange earnings, export restrictions on food and the breakdown ...
Apr 21, 2020
U.S. could see biggest ever second-quarter GDP decline: White House adviser Hassett
WASHINGTON (Reuters) - White House economic adviser Kevin Hassett said on Tuesday the current dip of negative oil prices is due to a "very short-run thing" - the coronavirus pandemic - and that a decl...
Apr 21, 2020
UK made a firm decision on Huawei in 5G: foreign ministry’s top official
LONDON (Reuters) - Britain's government made a firm decision to allow China's Huawei to have a role in building the country's 5G phone network and as far as the foreign ministry's top official underst...
Apr 21, 2020
Spain’s service sector created net jobs in mid-April after March layoffs
MADRID (Reuters) - Spanish labour minister Yolanda Diaz said on Tuesday the country's services sector started creating net jobs last week, marking a slight improvement after companies massively laid o...
Apr 21, 2020
Oil giveaway brings out the bears
By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) - The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it...
Apr 21, 2020
Chinese EV maker BYD profit down 42% in 2019, under pressure from subsidy cut
BEIJING (Reuters) - Chinese electric vehicle maker BYD Co Ltd , , which is backed by U.S. investor Warren Buffett, on Tuesday reported a 41.9% drop in 2019 net profit as China's EV subsidies cut hit c...
Apr 21, 2020
Ireland sees GDP shrinking 10.5% in 2020; deficit of 7.4% of GDP
DUBLIN (Reuters) - Ireland expects gross domestic product to fall by 10.5% in 2020 but recovery swiftly to grow 6% the following year, the finance ministry said on Tuesday. The country expects to post...
Apr 21, 2020
European recovery fund makes more sense outside EU budget: France
PARIS (Reuters) - France suggested on Tuesday that a proposed European recovery fund would be more effective if it stands apart from the EU budget, even though that might be hard to stomach for some m...
Apr 21, 2020
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