Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Australian regulators, central bank tell firms to prep more for end of LIBOR
(Reuters) - Australia's central bank and regulators urged financial firms on Wednesday to double down on their plans for the phasing out of the Libor benchmark, as some still showed substantial exposu...
Apr 08, 2020
China investors flock to money market funds despite record low yield
SHANGHAI (Reuters) - Chinese investors have poured cash into money market funds despite falling yields on the low-risk instruments as authorities enact powerful monetary easing to combat the impact of...
Apr 08, 2020
ECB urges measures worth 1.5 trillion euros this year to tackle virus crisis: sources
BRUSSELS (Reuters) - The European Central Bank told euro zone finance ministers that the bloc may need fiscal measures worth up to 1.5 trillion euros ($1.6 trillion) this year to tackle the economic c...
Apr 08, 2020
Honda back to work in China’s Wuhan with temperature checks and masks
By Brenda Goh WUHAN, China (Reuters) - Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of ...
Apr 08, 2020
BMW to start producing face masks
MUNICH (Reuters) - German carmaker BMW will start producing face masks to help protect its own staff and the public against the spread of the new coronavirus, Chief Executive Oliver Zipse said on Wedn...
Apr 08, 2020
Former Citic Bank president arrested on corruption charge: China prosecutor
BEIJING (Reuters) - The top Chinese prosecutor said on Wednesday that Sun Deshun, former president of China's Citic Bank Corp Ltd , had been arrested on a charge of corruption. The Supreme People's Pr...
Apr 08, 2020
German economy likely shrank by record 9.8% in second-quarter due to coronavirus: institutes
BERLIN (Reuters) - Europe's largest economy probably shrank by 9.8% in the second quarter, its biggest decline since records began in 1970 and more than double the decline seen during the global finan...
Apr 08, 2020
China’s new yuan loans set to rise in March as lenders help fight pandemic: Reuters poll
BEIJING (Reuters) - China's new bank loans are expected to have rebounded in March from a sharp drop the previous month, a Reuters poll showed, as policymakers continue to urge lenders to help cash-st...
Apr 08, 2020
Figure of $6.5 billion in loans for Air France KLM ‘not unrealistic’: minister
PARIS (Reuters) - A figure of 6 billion euros ($6.5 billion) in loans to help Air France KLM amid the coronavirus crisis is "not unrealistic", French junior transport minister Jean-Baptiste Djebbari s...
Apr 08, 2020
EU clears 5.4 billion euro Danish coronavirus state aid scheme
BRUSSELS (Reuters) - The European Union's state aid regulators approved on Wednesday a Danish scheme to grant 5.4 billion euros ($5.86 billion) worth of support to companies hit by the coronavirus out...
Apr 08, 2020
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