Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
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
‘Demand destruction’ – analysts race to lower outlooks for oil
By Bozorgmehr Sharafedin and Dmitry Zhdannikov LONDON (Reuters) - Traders and analysts are struggling to revise down their forecasts for oil demand fast enough, as government lockdowns to contain the ...
Mar 20, 2020
Swiss announce $32.6 billion aid deal as virus puts nation’s ‘back against wall’
By John Revill ZURICH (Reuters) - Switzerland has announced a new 32 billion Swiss franc ($32.56 billion) aid package to support companies and workers hit by the coronavirus outbreak, it said on Frida...
Mar 20, 2020
Thyssenkrupp’s Merz to stay CEO long-term, CFO Dietsch resigns
FRANKFURT (Reuters) - Martina Merz, who took over as interim chief executive of Thyssenkrupp , will remain in the job until 2023, the group said on Friday, effectively preventing another leadership va...
Mar 20, 2020
BOJ says enhanced dollar swap lines will ease strains in funding markets
TOKYO (Reuters) - A decision by the world's major central banks to enhance their dollar swap lines will serve as an important backstop to ease strains in global funding markets, the Bank of Japan said...
Mar 20, 2020
Now Playing
101 WIXX | Your Hit Music Station
