Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
OECD’s Gurria says global economy probably in contraction
PARIS (Reuters) - The impact of the coronavirus outbreak is making economic forecasting highly uncertain, though the global economy is probably in contraction, OECD chief Angel Gurria said on Thursday...
Apr 16, 2020
IMF steering committee says will review adequacy of IMF resources
WASHINGTON (Reuters) - The steering committee of the International Monetary Fund on Thursday said it would continue to review the adequacy of the global lender's resources as it works to help its 189 ...
Apr 16, 2020
Fed can help save lives by targeting GDP growth: Dallas Fed adviser
SAN FRANCISCO (Reuters) - The Federal Reserve could save lives in the current coronavirus outbreak it if pledges to use its tools to make up for economic growth lost as the nation limits activity to c...
Apr 16, 2020
World Bank’s Malpass says IBRD got capital infusion from U.S., bond issue
WASHINGTON (Reuters) - World Bank President David Malpass on Thursday said the bank's main lending arm for middle-income countries has received nearly $9.8 billion in capital from the United States an...
Apr 16, 2020
Individual ashtrays, hourly disinfection: French carmakers eye production restart
By Gilles Guillaume PARIS (Reuters) - Peugeot-owner PSA and Renault are planning new safety measures in a push by France's major industrial groups for a breakthrough with workers to reopen some factor...
Apr 16, 2020
DHL struggles to cope as online parcel volumes surge
DUESSELDORF (Reuters) - Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers...
Apr 16, 2020
British insurer Aviva halts executive bonuses, pay rises
LONDON (Reuters) - British insurer Aviva said on Thursday its executive directors and leadership team would not be considered for any bonus for 2020 until dividends are restarted. Basic pay rises for ...
Apr 16, 2020
EU trade chief urges for more diverse supply chains after crisis
BRUSSELS (Reuters) - The European Union and its companies need to diversify their supply chains to reduce their reliance on individual countries, but that does not mean bringing all production back to...
Apr 16, 2020
Rating agency S&P Global slashes global forecasts
LONDON (Reuters) - Credit rating agency S&P Global slashed its global forecasts on Thursday, predicting coronavirus lockdowns would now see the world economy contract 2.4% this year and cause the Unit...
Apr 16, 2020
Luxury department store retailer Neiman Marcus Group skipped bond payment: letter
NEW YORK (Reuters) - Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter from the hedge fund to the luxury department store retailer sent Thursda...
Apr 16, 2020
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