Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Retail group seeks government-backed loans to weather coronavirus hit
(Reuters) - A retail industry group has asked the White House for a direct, government-backed loan program to help the industry combat the fallout from the coronavirus pandemic, which has dampened cus...
Mar 18, 2020
Bridgewater hedge funds fall further on coronavirus market rout
By Lawrence Delevingne (Reuters) - Bridgewater Associates LP, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted double-digit losses so far this ye...
Mar 18, 2020
France to consult Dutch over Air France support: finance minister
PARIS (Reuters) - The French government will consult with its Dutch counterpart before making any decision over support for Air France, the French subsidiary of Air France-KLM , Finance Minister Bruno...
Mar 18, 2020
British pound falls to more than 35-year lows as virus selloff accelerates
(Reuters) - Sterling fell more than 4% on Wednesday to the lowest since at least 1985 and past the previous "flash crash" lows hit in October 2016 as Britain joined other European countries by closing...
Mar 18, 2020
Pressure growing for U.S. Federal Reserve to lend directly to U.S. businesses: sources
By Matt Scuffham, Chris Prentice and Pete Schroeder WASHINGTON (Reuters) - Pressure is growing in Washington for the U.S. Federal Reserve to use its emergency powers to lend directly to businesses hur...
Mar 18, 2020
Exclusive: Argentina has deal with domestic bondholders to swap $3.2 billion in peso debt – economy minister
By Hugh Bronstein BUENOS AIRES (Reuters) - Argentina's government has struck a deal with domestic bondholders to swap around 200 billion pesos ($3.2 billion) in local currency debt in a major planned ...
Mar 18, 2020
Austria launches 38 billion euros aid fund, border checks with Germany
By Kirsti Knolle VIENNA (Reuters) - Austria will spend up to 38 billion euros ($42 billion) to secure jobs and keep companies afloat, Chancellor Sebastian Kurz said on Wednesday, joining other Europea...
Mar 18, 2020
Sovereign, corporate and bank CDS spike sharply on coronavirus rout
LONDON (Reuters) - The cost of insuring debt issued by European sovereigns, major global banks and low-grade European companies against default rose sharply on Wednesday after fresh fears over the fal...
Mar 18, 2020
Delta parking 600 jets, cutting more executive pay and flights as revenue tanks
CHICAGO (Reuters) - Delta Air Lines said on Wednesday it was parking more than 600 jets -- at least half of its fleet -- cutting more flights and implementing a round of paycuts for officers, managers...
Mar 18, 2020
Exclusive: U.S. is considering measures to boost lending to low-income Americans – source
WASHINGTON (Reuters) - U.S. regulators are considering issuing guidance that would encourage lenders to offer loans to low-income individuals and to provide leniency on some repayments amid the corona...
Mar 18, 2020
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