Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Africa’s web of creditors complicates coronavirus debt relief
By Joe Bavier and Karin Strohecker JOHANNESBURG/LONDON (Reuters) - Africa is crying out for debt relief to weather a perfect storm of coronavirus, plummeting oil and commodity prices, mounting budget ...
Mar 27, 2020
European hedge funds struggle as short-selling bans disrupt strategies
By Maiya Keidan and Clara Denina LONDON (Reuters) - European hedge funds struggled to navigate the coronavirus-induced extreme market volatility during March, with many down by double-digits in the sp...
Mar 27, 2020
French Finance minister says companies can’t ask for help and hand out dividends
PARIS (Reuters) - French Finance Minister Bruno Le Maire will tell Prime Minister Edouard Philippe that companies should not be allowed to ask for help with tax and charges deadlines and at the same t...
Mar 27, 2020
Lockheed Martin speeds up payments to suppliers amid coronavirus slowdown
WASHINGTON (Reuters) - Defense contractor Lockheed Martin Corp said on Friday that it would advance more than $50 million to suppliers hurt by a sharp economic slowdown caused by efforts to stop the c...
Mar 27, 2020
Explainer: Why U.S. gig economy workers need an act of Congress to get jobless pay
By Tina Bellon NEW YORK (Reuters) - U.S. gig economy workers such as Uber and app-based delivery drivers would be allowed to claim unemployment benefits under a $2 trillion package awaiting final cong...
Mar 27, 2020
Goldman Sachs predicts worst LatAm recession since World War II
BRASILIA (Reuters) - Latin America's economy will fall into its deepest recession this year since World War II, shrinking by 3.8% as the coronavirus pandemic wreaks havoc on activity, economists at Go...
Mar 27, 2020
Ackman says TV interview did not lead to profit on trades
BOSTON (Reuters) - Billionaire investor William Ackman said a CNBC television interview he gave last week was not designed to profit from any trades, dismissing some media speculation he had purposely...
Mar 27, 2020
U.S. consumer sentiment plunges in March on coronavirus worry: UMich
(Reuters) - U.S. consumer sentiment plunged in March as the global coronavirus pandemic weighed on the outlook for the economy, a widely followed monthly survey showed on Friday. The University of Mic...
Mar 27, 2020
IMF says global output to contract in 2020, exploring financing options
WASHINGTON (Reuters) - The coronavirus pandemic will cause global economic output to contract in 2020, top officials of the International Monetary Fund said on Friday, adding that an "exceptionally hi...
Mar 27, 2020
Bank of Canada slashes policy rate, to start purchase of government securities
By Fergal Smith and Kelsey Johnson TORONTO/OTTAWA (Reuters) - The Bank of Canada slashed its key overnight interest by 50 basis points for the third time this month on Friday in an effort to support t...
Mar 27, 2020
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