Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Italy’s UniCredit agrees 5,200 voluntary layoffs, 2,600 hirings: unions
MILAN (Reuters) - Italy's biggest bank UniCredit has agreed with unions 5,200 voluntary layoffs to meet staff reduction goals under a new four-year plan presented in December, unions said on Thursday....
Apr 02, 2020
Exclusive: Trump does not plan to ask U.S. oil producers for coordinated cuts – official
By Jeff Mason WASHINGTON (Reuters) - The United States does not know formal details of Saudi Arabian and Russian plans to reduce oil supply yet and will not ask U.S. domestic oil producers to chip in ...
Apr 02, 2020
Oil majors rush to raise billions in debt as crude prices sink
By Ron Bousso LONDON (Reuters) - The world's top oil and gas companies are rushing to raise tens of billion of dollars in debt to help them weather one of the worst downturns in the sector's history w...
Apr 02, 2020
Nivea-maker Beiersdorf scraps 2020 outlook due to coronavirus crisis
FRANKFURT (Reuters) - Nivea-maker Beiersdorf on Thursday scrapped its 2020 outlook due to the coronavirus pandemic, and also released preliminary first-quarter sales that showed a 3.6% fall from a yea...
Apr 02, 2020
EU banking watchdog sets out virus-hit loan relief
LONDON (Reuters) - The European Union's banking watchdog published guidance on Thursday to help banks avoid having to step up provisioning for loans to companies temporarily hit by the coronavirus cri...
Apr 02, 2020
Bank of America cuts Brazil 2020 GDP forecast to -3.5% from -0.5%: report
SAO PAULO (Reuters) - Bank of America on Thursday cut its 2020 forecast for Brazil's gross domestic product (GDP) to a 3.5% contraction from a 0.5% fall, it said in a report, citing the strong impact ...
Apr 02, 2020
Uber to start shipping car disinfectants to drivers
(Reuters) - Uber Technologies Inc will begin shipping disinfecting car spray to selected drivers in areas most affected by the coronavirus outbreak, an executive said on Thursday. The company had prom...
Apr 02, 2020
Euro, yen swap spreads stabilize, show less demand for U.S. dollars
NEW YORK (Reuters) - The cost of raising U.S. dollar funds in the Japanese and European foreign exchange swaps market narrowed considerably on Thursday in favor of the other two currencies, suggesting...
Apr 02, 2020
Daimler secures $13 billion loan facility
FRANKFURT (Reuters) - Daimler said on Thursday it has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The c...
Apr 02, 2020
Your money: How to adjust your autopay spending during the coronavirus pandemic
By Beth Pinsker NEW YORK (Reuters) - Coronavirus lockdowns might have caught a lot of people by surprise last month, but with April's new billing cycle, it is time for cash-strapped Americans to rethi...
Apr 02, 2020
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