Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Britain’s Tesco says not prudent to give guidance for 2020-21 due to coronavirus crisis
LONDON (Reuters) - Britain's biggest retailer Tesco said on Wednesday it would not be prudent to give financial guidance for the 2020-21 year due to uncertainty caused by the coronavirus emergency. Ho...
Apr 08, 2020
France’s central bank estimates first-quarter GDP shrunk 6% from previous quarter
PARIS (Reuters) - France's economy likely contracted 6% in the first quarter from the previous three months as a nationwide lockdown due to the coronavirus outbreak shut down vast swathes of the econo...
Apr 08, 2020
UK fashion retailer ASOS raises 247 million pounds in placing
LONDON (Reuters) - British online fashion retailer ASOS Plc said it had raised 247 million pounds ($304 million) via a placing, to help it shore up its finances in case of a prolonged business downtur...
Apr 08, 2020
Bank of England backs COVID-19 pause in insurers’ dividends
LONDON (Reuters) - The Bank of England said on Wednesday that it welcomed the decision by some insurers to pause paying dividends due to the risk of heavy costs from the spread of the coronavirus. "Wh...
Apr 08, 2020
Exclusive: China’s central bank to step up easing, won’t borrow Fed playbook – sources
By Kevin Yao BEIJING (Reuters) - China's central bank will ramp up its policy easing to support the coronavirus-ravaged economy but debt worries and property risks will prevent it from following the U...
Apr 08, 2020
Japan to work towards relaxing leverage-ratio exposure rules: BOJ
TOKYO (Reuters) - Japanese regulators will work towards allowing financial institutions to temporarily exempt deposits they park with the central bank in calculating how much their assets are exposed ...
Apr 08, 2020
Pulp friction: Border jams delay supply of toilet paper’s only ingredient
By Richa Naidu and Siddharth Cavale LONDON/BENGALURU (Reuters) - As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logj...
Apr 08, 2020
Readout of Fed’s March meetings to capture a frenzied policy response
By Howard Schneider (Reuters) - U.S. Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the glob...
Apr 08, 2020
Wobbly U.S. fiscal response could deepen coronavirus recession
By Howard Schneider and David Lawder WASHINGTON (Reuters) - The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-deta...
Apr 08, 2020
Pandemic set to tip Japan into deep recession this year, BOJ seen easing again: Reuters poll
By Kaori Kaneko TOKYO (Reuters) - Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a Reuters poll showed on Wednes...
Apr 07, 2020
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