Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
EU leaders to shield strategic firms from hostile interest amid crisis
By Francesco Guarascio and Gabriela Baczynska BRUSSELS (Reuters) - European Union leaders will on Thursday back plans to defend healthcare, infrastructure and other firms seen as having strategic role...
Mar 26, 2020
Italy PM sees Europe in ‘hard, severe’ recession post-coronavirus
ROME (Reuters) - Italian Prime Minister Giuseppe Conte said on Thursday all of Europe would be hit by a "hard, severe" recession following the coronavirus emergency and special measures were needed to...
Mar 26, 2020
German economy could shrink by 10% this year due to coronavirus: IW
BERLIN (Reuters) - The German economy could shrink by 10% this year due to coronavirus in a worst case scenario whereby the lockdown continues until the end of June, the German Economic Institute (IW)...
Mar 26, 2020
Norway’s wealth fund lost $124 billion this year as stocks crash
OSLO (Reuters) - Norway's $930 billion sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets plunged amid the coronavirus...
Mar 26, 2020
Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources
By Chris Prentice and Devika Krishna Kumar WASHINGTON/NEW YORK (Reuters) - U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil p...
Mar 26, 2020
U.S. corporate crisis bailouts may prove bonanza for insider trading, new study warns
By Chris Prentice and Lawrence Delevingne WASHINGTON/BOSTON (Reuters) - White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from th...
Mar 26, 2020
After Senate vote, massive U.S. coronavirus bill moves to the House
By Richard Cowan and Patricia Zengerle WASHINGTON (Reuters) - The U.S. Senate's unanimous passage of a $2 trillion coronavirus relief bill sent the unprecedented economic legislation to the House of R...
Mar 26, 2020
Deutsche Bank readies government short-time work program amid coronavirus outbreak
FRANKFURT (Reuters) - Deutsche Bank is laying the groundwork for taking advantage of a government-run short-time work scheme for some of its employees in Germany as it deals with fallout of the corona...
Mar 26, 2020
Futures fall after two-day rally as focus turns to jobless numbers
By Uday Sampath Kumar (Reuters) - U.S. stock index futures slipped on Thursday after a two-day rally as investors braced for what is expected to be one of the worst U.S. jobless claims reports in hist...
Mar 26, 2020
Banks call for delay to derivatives margin rule during virus outbreak
LONDON (Reuters) - Banking and markets trade bodies have asked regulators to postpone a rule requiring them to post extra cash against their uncleared derivatives transactions as the coronavirus disru...
Mar 26, 2020
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