Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Ford to draw down $15.4 billion from two credit lines
(Reuters) - Ford Motor Co said on Thursday it would draw down $15.4 billion from two of its existing credit lines and suspend dividend to preserve cash as it battles a hit to its business from the fas...
Mar 19, 2020
Mnuchin urges Congress to pass massive economic relief bill by next week
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Thursday urged Congress to move quickly to pass a massive $1 trillion economic relief measure by early next week, saying he expects bip...
Mar 19, 2020
How U.S. aluminum recyclers reap dividends from tariffs
By Pratima Desai LONDON (Reuters) - North American aluminum recyclers and producers are using import tariffs to boost revenue at the expense of local beer and beverage firms, even though most of the m...
Mar 19, 2020
Coronavirus border curbs disrupt EU food supplies: industry
By Francesco Guarascio BRUSSELS (Reuters) - Restrictions imposed by some European Union countries at their borders with other member states in response to the coronavirus outbreak are disrupting food ...
Mar 19, 2020
Already retired, or close to it? How to think about volatility in perilous times
By Mark Miller CHICAGO (Reuters) - The breathtaking coronavirus-induced plunge of the stock market has unnerved retirement investors of all ages, but it poses special risks for people close to, or alr...
Mar 19, 2020
Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC
(Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus ...
Mar 19, 2020
Exclusive: ECB’s Lagarde overruled German and Dutch resistance to ‘no-limits’ pledge – sources
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) - ECB President Christine Lagarde overruled objections from Germany and the Netherlands to adopt a historic "no-limits" commitment to shore u...
Mar 19, 2020
Bank regulators set rule exempting new Fed money market tool from capital requirement
WASHINGTON (Reuters) - U.S. bank regulators on Thursday set a rule allowing firms to use the Fed's new Money Market Liquidity Facility without counting it against their capital requirements. The waive...
Mar 19, 2020
U.S. jobless claims surge to highest since September 2017 as coronavirus hits employment
(Reuters) - Initial claims for U.S. unemployment benefits rose more than expected to 281,000 in the latest week from an unrevised 211,000 the previous week, the Labor Department said on Thursday, in t...
Mar 19, 2020
Exclusive: Bahrain in talks for $1 billion loan after bond plans suspended – sources
By Davide Barbuscia and Aziz El Yaakoubi DUBAI (Reuters) - Bahrain is in talks with banks for a loan of about $1 billion after the Gulf state's plans to issue international bonds were suspended due to...
Mar 19, 2020
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