Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed should buy more MBS to avoid market ‘accident’: Barclays
(Reuters) - The Federal Reserve should increase its purchases of mortgage-backed bonds to reduce the risk that relative weakness in the asset class will lead to forced selling that could create an "ac...
Mar 20, 2020
IMF sees severe impact from pandemic on global economy, but crisis temporary
WASHINGTON (Reuters) - The impact of the global coronavirus pandemic will be "quite severe," but a long expansionary period and high employment rates mean the global economy should weather the current...
Mar 20, 2020
Brazil’s government slashes 2020 GDP growth forecast to zero
By Jamie McGeever BRASILIA (Reuters) - Brazil's government on Friday slashed its 2020 economic growth forecast to zero from 2.1% previously, as it factored in the expected huge hit to activity from th...
Mar 20, 2020
Kraft Heinz talks with Amazon, Walmart daily to speed food deliveries
By Richa Naidu LONDON (Reuters) - Kraft Heinz speaks daily with Amazon.com and Walmart Inc , hoping to speed up deliveries as customers worldwide stay home and shop online to protect themselves from t...
Mar 20, 2020
U.S. banks switch to drive-through, ATMs to guard against coronavirus
By Elizabeth Dilts Marshall and Imani Moise NEW YORK (Reuters) - Banks across the United States announced plans to close branches this week, switching many to drive-through and ATM operations only, as...
Mar 20, 2020
UK’s Tesco to hire 20,000 people to cope with rush on supermarkets
LONDON (Reuters) - Britain's market-leading supermarket chain Tesco said on Friday it would hire 20,000 people to work in its stores for at least the next 12 weeks to cope with an unprecedented increa...
Mar 20, 2020
Highlights: UK’s Sunak goes all out to avert economic collapse
LONDON (Reuters) - British finance minister Rishi Sunak launched a gigantic stimulus package to stabilise Britain's virus-hit economy on Friday, including the government paying the wages of workers up...
Mar 20, 2020
Your Money – Separation anxiety: Divorce, money and coronavirus
By Beth Pinsker NEW YORK (Reuters) - The first few days of staying at home for coronavirus seclusion with my two kids were chaotic, stressful and scary, much like they were for everyone else. And then...
Mar 20, 2020
UK aims to finance coronavirus measures through normal debt issuance
LONDON (Reuters) - Britain will aim to meet the cost of unprecedented measures to keep people in jobs through the coronavirus crisis via normal debt issuance, finance minister Rishi Sunak said on Frid...
Mar 20, 2020
Coronavirus shutdown to cut Europe, Americas auto production by 1.44 million: IHS Markit
(Reuters) - As carmakers grapple with growing signs of coronavirus damage, vehicle production could be reduced by about 1.44 million in Europe, North America and Latin America, according to an estimat...
Mar 20, 2020
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