Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Israel’s Hapoalim will pay $870 million to end U.S. tax probe
JERUSALEM (Reuters) - Israel's biggest bank, Hapoalim, said on Wednesday it expects to pay $870 million to settle a U.S. tax evasion investigation. The bank said in a regulatory filing it will increas...
Mar 18, 2020
Impact of virus turmoil would hit Deutsche Bank later this year, not in first-quarter: executive
FRANKFURT (Reuters) - The impact of the current turmoil related to the coronavirus is more likely to affect Deutsche Bank later this year rather than in the first quarter, an executive said on Wednesd...
Mar 18, 2020
Chairman of Santander’s Portuguese unit dies from coronavirus
LISBON/MADRID (Reuters) - The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in P...
Mar 18, 2020
Japan’s MUFG takes big loss on loan to Glencore-led coal port: sources
By Paulina Duran SYDNEY (Reuters) - Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednes...
Mar 18, 2020
Fiat again halts Atessa, its only functioning assembly site in Europe
MILAN (Reuters) - Fiat Chrysler has again halted its Atessa plant in Italy due to disruptions in parts supply linked to the coronavirus outbreak, after it was reopened on Tuesday, a union representati...
Mar 18, 2020
Nissan to stop producing cars in Indonesia as part of reorganisation plan
TOKYO (Reuters) - Nissan Motor Co on Wednesday said it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which has pummeled its profitability...
Mar 18, 2020
Goldman tells staff in Americas, EMEA to work from home after two coronavirus cases found
SHANGHAI (Reuters) - Goldman Sachs has instructed most of its staff in the Americas, Europe, Middle East and Africa to work from home from Wednesday until further notice, according to an internal noti...
Mar 18, 2020
German retailers plead for state aid as stores close
BERLIN (Reuters) - Germany's HDE retail association called on Wednesday for the government to give immediate state aid and tax relief to stop businesses going bust as stores closed to stem the spread ...
Mar 18, 2020
UBS weathers coronavirus ramp-up with low losses: CFO
By Brenna Hughes Neghaiwi ZURICH (Reuters) - Swiss bank UBS has seen relatively low losses in its lending portfolio and feels comfortable with its liquidity despite market drops amidst the coronavirus...
Mar 18, 2020
Emirates asks pilots to take unpaid leave, Qatar Airways lays off staff
By Karen Lema and Alexander Cornwell MANILA/DUBAI (Reuters) - Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave...
Mar 18, 2020
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