Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
G20 eyes debt moratorium worth up to $14 billion for poor countries: official
BERLIN (Reuters) - Financial leaders of the 20 largest economies (G20) are discussing an immediate debt moratorium worth up to $14 billion to help poor countries free up funds in their fight against t...
Apr 14, 2020
IMF projects a recession for sub-Saharan Africa in 2020
JOHANNESBURG (Reuters) - Sub-Saharan Africa's gross domestic product is expected to contract 1.6% this year, compared 3.1% growth last year, as the coronavirus pandemic wrecks the region's economies, ...
Apr 14, 2020
Coronavirus ‘Great Lockdown’ to shrink global economy by 3% in 2020: IMF
By David Lawder WASHINGTON (Reuters) - The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the...
Apr 14, 2020
Global airline hit from coronavirus rises to $314 billion: IATA
PARIS/LONDON (Reuters) - Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry's representative body IATA, which raised it...
Apr 14, 2020
Wells Fargo first-quarter profit decimated as coronavirus boosts provisions
(Reuters) - Wells Fargo & Co first-quarter profit plunged as it set aside billions of dollars to cover potential loan-losses from the coronavirus pandemic. Wells, the fourth-largest U.S. lender, said ...
Apr 14, 2020
Cisco offers big payment deferrals until 2021 as companies seek remote-work tools
By Paresh Dave OAKLAND, California (Reuters) - Cisco Systems Inc on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additio...
Apr 14, 2020
Idled day workers may slip though Turkey’s cash safety net
By Jonathan Spicer and Ece Toksabay ISTANBUL (Reuters) - Countless Turkish day workers risk falling through a financial safety net being set up to support those idled due to the coronavirus outbreak, ...
Apr 14, 2020
Barclays halts new job cuts during coronavirus crisis: memo
LONDON (Reuters) - Barclays has halted new job cuts while the coronavirus crisis is ongoing, the bank said in an internal memo seen by Reuters on Tuesday. The British lender also said it is offering a...
Apr 14, 2020
UK economy could shrink by 35% in April-June period: OBR
LONDON (Reuters) - Britain's economy could shrink by 35% in the April-June period because of the government's coronavirus shutdown but then bounce back quickly, the country's independent budget foreca...
Apr 14, 2020
Russian inflation to return to target faster than expected: central bank
MOSCOW (Reuters) - Inflation in Russia is expected to return to the central bank's 4% target faster than initially expected, the bank said in a report on Tuesday. Annual inflation, which in March stoo...
Apr 14, 2020
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