Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China’s BAIC, Didi plan car leasing service amid new car sales slowdown
BEIJING (Reuters) - Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC's cars to customers amid concerns about ride h...
Mar 30, 2020
G20 trade ministers to hold emergency video conference Monday: Nikkei
TOKYO (Reuters) - Group of 20 trade ministers will hold an emergency video conference on Monday to discuss cooperation on supply chains, the Nikkei business daily reported. They are likely to confirm ...
Mar 30, 2020
Singapore eases monetary policy sharply as virus heralds deep recession
By John Geddie and Joe Brock SINGAPORE (Reuters) - Singapore's central bank aggressively eased monetary policy on Monday as the bellwether economy braced for deflation and a deep recession this year d...
Mar 30, 2020
Swiss bank UBS sticks to 2019 dividend, market supervisor has urged restraint
ZURICH (Reuters) - UBS Group is maintaining its previously announced dividend for 2019, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA to reconsider payouts to sharehold...
Mar 30, 2020
Mortgage securities rebound as Fed starts buying, concerns persist
By Herbert Lash NEW YORK (Reuters) - Mortgage-related shares rose and volatility dropped on Friday, a sign moves by the Federal Reserve had some positive effect on liquidity and coronavirus-related pa...
Mar 30, 2020
Oil crash puts Africa’s cash-strapped producers in peril
By Libby George LAGOS (Reuters) - Collapsing oil prices have left African producers facing not only lost revenue when they most need it to tackle coronavirus, but also a fall in hard-won market share ...
Mar 30, 2020
China unexpectedly cuts reverse repo rate by most in five years to support virus-hit economy
SHANGHAI (Reuters) - China's central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities ramped up steps to r...
Mar 30, 2020
U.S. stimulus package is biggest ever, but may not be big enough
By Lawrence Delevingne and Howard Schneider BOSTON/WASHINGTON (Reuters) - The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial ...
Mar 30, 2020
ABB warns about coronaravirus impact on sales and profit
ZURICH (Reuters) - ABB became the latest company to warn about the impact of the coronavirus on its profits, with the Swiss engineering group on Monday saying all of its businesses would suffer in the...
Mar 30, 2020
Major airlines urge U.S. Treasury to disburse assistance quickly
By David Shepardson WASHINGTON (Reuters) - Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula to divide u...
Mar 29, 2020
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