Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
South Korea state banks to provide up to $1.4 billion liquidity to Asiana Airlines
SEOUL (Reuters) - South Korea's two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana Airlines which is struggl...
Apr 21, 2020
Nordic nations face deep recessions in 2020, recovery eyed: Reuters poll
By Terje Solsvik, Johan Ahlander and Jacob Gronholt-Pedersen OSLO/STOCKHOLM/COPENHAGEN (Reuters) - Denmark, Norway and Sweden face some of their worst economic downturns on record this year as the cor...
Apr 21, 2020
Gulf markets falls on oil slump, Saudi riyal down in forwards market
DUBAI (Reuters) - Gulf stock markets fell on Tuesday and the Saudi currency dropped in the forwards market, after U.S. crude oil futures collapsed below $0 on a coronavirus-induced supply glut. The Sa...
Apr 21, 2020
‘Keep your hands off’ Lebanon’s banks, lenders tell government
BEIRUT (Reuters) - Lebanon's draft plans for addressing its financial crisis puts the bulk of the cost on banks and sends the wrong message to investors the country badly needs, the banking associatio...
Apr 21, 2020
Huawei first-quarter revenue growth slows sharply amid U.S. ban, virus headwinds
By Paul Sandle LONDON (Reuters) - Huawei Technologies' revenue growth slowed sharply in the first quarter but the world's top telecoms equipment supplier labeled the performance as "resilient" in ligh...
Apr 21, 2020
California regulator wants changes in PG&E reorganization plan, proposes $2 billion fine
(Reuters) - A California regulator has asked PG&E Corp for governance and oversight changes in its reorganization plan, while also proposing penalties of about $2 billion on the San-Francisco based ut...
Apr 21, 2020
EU may need $1.7 trillion post-coronavirus package: French EU commissioner
By Sudip Kar-Gupta and Matthieu Protard PARIS (Reuters) - An economic support package being readied to help the European Union recover from the coronavirus crisis may need be to worth around 1.6 trill...
Apr 21, 2020
Daimler teams up with Volvo Trucks in fuel cell venture
FRANKFURT (Reuters) - Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating ...
Apr 21, 2020
European shares tumble on oil crash, dour earnings
(Reuters) - European stocks fell on Tuesday as the double whammy from a crash in U.S. crude to minus $40 per barrel and dismal first-quarter earnings reports spooked investors about the lasting damage...
Apr 21, 2020
As China splashes out vouchers to revive retail, many just buy necessities
By Sophie Yu and Tony Munroe BEIJING (Reuters) - China is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to ...
Apr 21, 2020
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