Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Bank of England tells banks to use excess capital to help customers
LONDON (Reuters) - British banks should use their substantial capital and liquidity buffers to support the economy hit by the coronavirus pandemic, the Bank of England said on Monday. The BoE's Pruden...
Apr 20, 2020
Lloyd’s of London collating business interruption data for regulator
LONDON (Reuters) - Lloyd's of London is collating details of insurers' business interruption coverage for the Prudential Regulation Authority and is in discussions about a government backstop to cover...
Apr 20, 2020
KFC to sell plant-based fried chicken made by Cargill in China
BEIJING (Reuters) - Yum China's KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday. The nuggets will be supplied...
Apr 20, 2020
Russia to raise as much debt for budget as possible but not at every price: finance ministry
By Darya Korsunskaya MOSCOW (Reuters) - Russia plans to raise as much debt at home this year as possible to finance its budget needs amid the coronavirus crisis but not at any price, Konstantin Vyshko...
Apr 20, 2020
Four staffing units of Norwegian Air file for bankruptcy
OSLO (Reuters) - Four Swedish and Danish subsidiaries of Norwegian Air have filed for bankruptcy due to the ongoing coronavirus crisis which has grounded most of the company's fleet, the budget carrie...
Apr 20, 2020
Exclusive: India’s stiffer foreign investment rules aimed at China to include Hong Kong – sources
By Aftab Ahmed and Aditya Kalra NEW DELHI (Reuters) - India's new rules to more closely scrutinise foreign investments from companies based in neighbouring countries will also apply to Hong Kong, two ...
Apr 20, 2020
Major asset managers reject Argentina debt restructuring proposal
By Karin Strohecker LONDON (Reuters) - A group of Argentina's major creditors rejected the government's proposal aimed at overhauling $66.2 billion of its foreign-law debt, saying it inflicted an unju...
Apr 20, 2020
Brazil set to start QE cautiously but may need to bring out ‘bazooka’
By Jamie McGeever BRASILIA (Reuters) - Brazil appears set to embark cautiously on unconventional monetary policy using small interventions to tackle dysfunction in bond markets, as it does with foreig...
Apr 20, 2020
Halliburton books $1.1 billion charge, cuts spending amid oil rout
(Reuters) - Halliburton Co on Monday recorded $1.1 billion in impairment charges during the first quarter, lowered its spending forecast for the year, and gave a bleak outlook for North America activi...
Apr 20, 2020
DuPont sees better-than-expected quarterly results on coronavirus-led demand
(Reuters) - Industrial materials maker DuPont said on Monday it expects to report first-quarter results well above analysts' estimates, as the coronavirus outbreak lifted demand for its products used ...
Apr 20, 2020
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