Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Oil bounces back as rising stockpiles seen pointing to lower output amid coronavirus
TOKYO (Reuters) - Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option...
Apr 15, 2020
Brazil government, banks in talks about bailing out companies
By Marcela Ayres and Carolina Mandl BRASILIA/SAO PAULO (Reuters) - Brazil's Economy Ministry is talking with banks about providing bailouts to sectors such as airlines, automakers, power companies and...
Apr 15, 2020
Dollar stands tall as U.S. retail slump fans flight to safety
By Hideyuki Sano TOKYO (Reuters) - A flight to safety bid pushed the dollar higher against its peers on Thursday after dire retail and factory data showed the severity of the collapse in U.S. economic...
Apr 15, 2020
Royal Caribbean sheds 26% of U.S. workforce as coronavirus hits travel
(Reuters) - Royal Caribbean Cruises Ltd said on Wednesday it would lay off or furlough about 26% of its workforce in the United States, affecting nearly 1,300 of its more than 5,000 employees in the c...
Apr 15, 2020
California farmer plows under lettuce after coronavirus shutters restaurant market
By Mike Blake and Christopher Walljasper HOLTVILLE, Calif. (Reuters) - There should be tractors rumbling across Jack Vessey's ranch, pulling wagons full of fresh-cut romaine lettuce to be packed and s...
Apr 15, 2020
IMF warns Japan against deepening negative interest rates
By Leika Kihara TOKYO (Reuters) - Interest rate cuts may do more harm than good to Japan's economy hit by fallout from the coronavirus pandemic, a senior International Monetary Fund official said, war...
Apr 15, 2020
Samsung to tap Xilinx chips for 5G network equipment
(Reuters) - American semiconductor firm Xilinx Inc said on Wednesday it had won a deal to supply chips to Samsung Electronics Co Ltd for 5G networking equipment. Financial terms of the deal were undis...
Apr 15, 2020
Exclusive: New York taps McKinsey to develop ‘Trump-proof’ economic reopening plan
By Jarrett Renshaw (Reuters) - New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected ...
Apr 15, 2020
Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF
By Leika Kihara TOKYO (Reuters) - Asia's economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an "unprecedented" toll on the region's service ...
Apr 15, 2020
Asia stocks set to tumble as investors fear worst recession since 1930s
By Koh Gui Qing NEW YORK (Reuters) - Asian stocks look set to tumble on Thursday, as fears that the world is in its worst recession since the 1930s were heightened by data showing U.S. retailers suffe...
Apr 15, 2020
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