Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
HSBC HK shareholders mull legal action over dividend suspension
By Sumeet Chatterjee and Felix Tam HONG KONG (Reuters) - HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against th...
Apr 06, 2020
EU clears 50 billion pound UK ‘umbrella’ scheme to support economy
BRUSSELS (Reuters) - The European Commission said on Monday it had approved a 50 billion pound ($61.5 billion) British "umbrella" scheme to support companies affected by coronavirus outbreak. The appr...
Apr 06, 2020
Euro zone investor morale hits all-time low on coronavirus – Sentix
BERLIN (Reuters) - Investor morale in the euro zone fell to an all-time low in April and the bloc's economy is in deep recession due to the coronavirus, which is "holding the world economy in a strang...
Apr 06, 2020
Insurers warns on forced payouts for uncovered coronavirus losses
LONDON (Reuters) - The Global Federation of Insurance Associations on Monday warned the world's governments of the danger of forcing insurers to pay out for losses suffered due to the coronavirus even...
Apr 06, 2020
UK car sector slashes 2020 sales forecast by 23% due to coronavirus
LONDON (Reuters) - A group representing Britain's car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represen...
Apr 06, 2020
Dubai’s Emaar suspends construction projects due to virus – sources
By Hadeel Al Sayegh and Alexander Cornwell DUBAI (Reuters) - Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familia...
Apr 06, 2020
Coronavirus turmoil spurs UK bond fund outflows – Calastone
By Simon Jessop LONDON (Reuters) - UK-based bond funds saw outflows of 3.7 billion pounds ($4.54 billion) in March as the coronavirus pandemic spurred a rush to cash, data from the fund transaction ne...
Apr 06, 2020
Austria trebles job-protection scheme’s funding as applications jump
VIENNA (Reuters) - Austria is trebling the funding available for a scheme designed to prevent layoffs that enables employers to keep staff on their books while only paying for hours actually worked, t...
Apr 06, 2020
German economy likely to contract by 3-6% this year – BDI
BERLIN (Reuters) - The German economy is likely to shrink by 3-6% this year, the head of the BDI industry association said on Monday, adding that this forecast was based on economic activity being dis...
Apr 06, 2020
As Germany reels from coronavirus, some officials debate impact on banks
By John O'Donnell and Tom Sims FRANKFURT (Reuters) - As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche ...
Apr 06, 2020
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