Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
BoE leaves systemic buffer rates for major banks unchanged
LONDON (Reuters) - The Bank of England said on Thursday it would leave unchanged the rates for the additional capital buffers that major banks need to hold, known as the systemic risk buffer (SRB). "T...
Apr 09, 2020
U.S. economy should be able to reopen on ‘rolling basis’: White House adviser Kudlow
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Thursday said the U.S. economy should be able to reopen "on a rolling basis" over the next month or two. "The next month or two, we ...
Apr 09, 2020
Citigroup starts accepting paycheck protection program application
(Reuters) - Citigroup Inc said on Thursday, that it has started accepting applications for the $349 billion small business bailout fund. The third largest U.S. bank by assets said it will provide digi...
Apr 09, 2020
Air France KLM says it needs government support to continue operations
PARIS (Reuters) - Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash in the third quarter, but said it was co...
Apr 09, 2020
Coronavirus must not stymie global tax reform: Germany’s Scholz
By Michael Nienaber BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Thursday that efforts to introduce global rules on taxing digital giants such as Google , Amazon and Facebook should ...
Apr 09, 2020
U.S. local news outlets need government rescue: lawmakers, trade groups
By David Shepardson and Heather Timmons WASHINGTON (Reuters) - Four groups representing local newspapers and broadcast media outlets on Thursday asked U.S. lawmakers to provide assistance amid rising ...
Apr 09, 2020
Fed lifeline for cash-strapped U.S. states and cities lifts muni market
By Karen Pierog CHICAGO (Reuters) - A move by the Federal Reserve on Thursday to aid states, counties and cities facing a coronavirus-caused cash crunch helped boost the troubled U.S. municipal bond m...
Apr 09, 2020
Factbox: Insurers return part of auto premiums as coronavirus cuts driving
(Reuters) - Major U.S. insurers are offering credit to auto and motorcycle policyholders following a decline in driving, as most Americans stay at home to help contain the spread of the novel coronavi...
Apr 09, 2020
U.S. Fed buys $109.4 billion of mortgage bonds, sells none
NEW YORK, April 9 (Reuters) - - The Federal Reserve bought $109.352 billion of agency mortgage-backed securities in the week from Apr. 2 to Apr. 8, compared with $144.571 billion purchased the previou...
Apr 09, 2020
Uber to give drivers millions of face masks to battle coronavirus
By Tina Bellon (Reuters) - Uber Technologies Inc on Thursday said it plans to ship millions of face masks to its active drivers and food delivery people around the world to help prevent the spread of ...
Apr 09, 2020
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