Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM to furlough all workers in Brazil on March 30, suggesting production stop
(Reuters) - General Motors Co will furlough all its employees in Brazil starting on March 30, the company said in a statement to Reuters on Wednesday, suggesting that GM's production in South America'...
Mar 18, 2020
Up 3,000%: The tail risk funds that mastered coronavirus market mayhem
By Svea Herbst-Bayliss and Lawrence Delevingne (Reuters) - Boaz Weinstein was waiting for this. The New York hedge fund manager, seasoned by past financial crises and spooked by seemingly endless quar...
Mar 18, 2020
Tears, economic gloom as Spain wages war on coronavirus
By Nathan Allen and Ingrid Melander MADRID (Reuters) - The surging death toll from the coronavirus epidemic in Spain drove a regional health official to tears on Wednesday, while Prime Minister Pedro ...
Mar 18, 2020
U.S. restaurants seek $455 billion of federal aid due to coronavirus hit
By Hilary Russ NEW YORK (Reuters) - A U.S. restaurant trade group on Wednesday asked the White House and Congressional leaders for a $455 billion aid package, saying that the industry could shed nearl...
Mar 18, 2020
Euro zone eyes ways to deploy its bailout fund in war with coronavirus
By Jan Strupczewski BRUSSELS (Reuters) - Euro zone officials are considering how to deploy the unused firepower of the bloc's bailout fund to limit the economic damage wrought by the coronavirus epide...
Mar 18, 2020
Thyssenkrupp considers production cuts as coronavirus spreads
DUESSELDORF, Germany (Reuters) - Thyssenkrupp , a major supplier to the automotive industry, on Wednesday said it was considering shortened working hours as carmarkers reduce or suspend production due...
Mar 18, 2020
Dollar jumps to three-year highs as coronavirus fears fuel funding crunch
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar surged across the board on Wednesday, hitting multi-year highs against several major currencies, as companies and investors worried by the coronavi...
Mar 18, 2020
Trump administration wants to send taxpayers $500 billion, $50 billion in loans for airlines
(Reuters) - The Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. a...
Mar 18, 2020
Renault and PSA can benefit from French coronavirus measures: finance ministry
PARIS (Reuters) - French carmakers PSA and Renault are entitled to benefit from all measures put in place to fight the economic impact of the coronavirus outbreak, France's Finance Ministry told Reute...
Mar 18, 2020
Stampede to get out: bond ETFs get crushed in selloff
By Saikat Chatterjee LONDON (Reuters) - A rush to sell global bonds in the past week has now rippled into the world of exchange-traded funds with some of the most actively traded seeing the most bulgi...
Mar 18, 2020
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