Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Coronavirus pandemic to test China’s unemployment safety net
By Gabriel Crossley and Cheng Leng BEIJING (Reuters) - The coronavirus pandemic is expected to cause millions more people in China to lose their jobs, leaving many of them stranded without a safety ne...
Apr 12, 2020
Virgin Galactic to run as a critical infrastructure business during pandemic
(Reuters) - Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many U.S. states in which it operates have...
Apr 12, 2020
OPEC+ deal could boost oil prices, but oversupply remains
By Stephanie Kelly NEW YORK (Reuters) - An oil producer deal to make record output cuts will lend some support this week to oil prices that have lost half their value this year as the coronavirus hamm...
Apr 12, 2020
Fed’s Kashkari says U.S. economy faces ‘long, hard road’ to recover from coronavirus
(Reuters) - The U.S. economic recovery from the disruptions caused by the novel coronavirus outbreak will likely be a "long, hard road" in which some parts of the economy will periodically shut down a...
Apr 12, 2020
Oil agreement could support stocks, providing a floor
By Sinad Carew (Reuters) - An agreement by oil producing nations to cut output by a record amount may sustain a recent bounce in stocks, though stay-at-home restrictions and closures tied to the coron...
Apr 12, 2020
EU’s Vestager says EU nations should buy stakes to block Chinese takeovers: FT
(Reuters) - The European Union's competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of Chinese takeovers, with her comments coming as...
Apr 12, 2020
OPEC+ agrees largest ever oil output cut of 9.7 million bpd: sources
LONDON (Reuters) - OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support oil prices amid the coronavirus ...
Apr 12, 2020
Pakistani prime minister appeals for debt relief to combat coronavirus fallout
ISLAMABAD (Reuters) - Pakistan has appealed to international stakeholders for urgent debt relief for developing countries so they can deal more effectively with the economic fallout from the coronavir...
Apr 12, 2020
Smithfield shutting U.S. pork plant indefinitely, warns of meat shortages during pandemic
By Tom Polansek CHICAGO (Reuters) - Smithfield Foods, the world's biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely due to a rash of coronavirus cases among employees and w...
Apr 12, 2020
OPEC, Russia meet again to approve biggest ever oil cut
By Katya Golubkova, Rania El Gamal and Ahmad Ghaddar BAKU/DUBAI/LONDON (Reuters) - OPEC, Russia and other oil producing nations were meeting on Sunday in a bid to clinch a deal on the biggest oil cut ...
Apr 12, 2020
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