Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
ECB cuts even more slack to virus-stricken euro zone banks
FRANKFURT (Reuters) - European Central Bank supervisors decided on Friday to provide fresh relief to euro zone banks struggling with the coronavirus outbreak, including by using some wiggle room in ho...
Mar 20, 2020
Downgrade doom looms for coronavirus-hit firms and markets
By Marc Jones and Matt Scuffham LONDON/NEW YORK (Reuters) - A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other mar...
Mar 20, 2020
Bayer mediator says glyphosate settlement talks slowed by coronavirus
(Reuters) - Negotiations between Bayer AG and plaintiff lawyers to settle claims its glyphosate-based weedkillers cause cancer have been slowed by the coronavirus outbreak, according to the mediator i...
Mar 20, 2020
German supplementary budget worth 150 billion euros: source
BERLIN (Reuters) - A German supplementary budget to counter the economic impact of the coronavirus will be worth around 150 billion euros ($161.18 billion), a government source said on Friday. Chancel...
Mar 20, 2020
Forex swap spreads tighten after global central banks launch coordinated action
LONDON (Reuters) - Currency swap spreads, which have jumped amid a scramble for dollar funding by banks and companies, eased on Friday after global central banks agreed to increase the frequency of th...
Mar 20, 2020
Fed expands money market liquidity facility to municipal market
WASHINGTON (Reuters) - The Federal Reserve Board on Friday said it was expanding its program of support to enhance the liquidity and functioning of state and municipal money markets. Loans will now be...
Mar 20, 2020
U.S. home sales hit 13-year high; coronavirus disruption looms
By Lucia Mutikani WASHINGTON (Reuters) - U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed...
Mar 20, 2020
Ford to bring forward UK summer shutdown due to coronavirus
LONDON (Reuters) - Ford will bring forward part of the summer shutdown for its British engine plants to Easter due to the coronavirus outbreak. Ford will temporarily stop production from Mar. 23 at it...
Mar 20, 2020
Regulators discuss easing accounting rule on bank loan losses: source
MADRID/ LONDON (Reuters) - Global banking regulators are in talks about easing an accounting rule to avoid lenders facing ballooning provisions for loans to companies struggling in the coronavirus pan...
Mar 20, 2020
Bank of America adds 1,700 support staff in March
(Reuters) - Bank of America Corp said on Friday it has hired 1,700 people in the consumer bank so far this month as banks faced a surge in customer service demand amid coronavirus concerns. The hires ...
Mar 20, 2020
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