Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
New York Fed increases repo support to keep markets running smoothly
By Jonnelle Marte NEW YORK (Reuters) - The New York Federal Reserve announced for the second time this week that it will substantially increase the amount of liquidity it provides to overnight lending...
Mar 11, 2020
U.S. crude output growth to slow, oil prices to slump
By Scott DiSavino and Stephanie Kelly NEW YORK (Reuters) - U.S. oil production is expected to grow more slowly in 2020 and drop outright in 2021, forecasters said this week after U.S. shale producers ...
Mar 11, 2020
Blackstone asks its companies hurt by virus to tap credit lines: BBG
(Reuters) - Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people...
Mar 11, 2020
Amtrak says bookings plunge, is set to lose several hundred million dollars on coronavirus fears
By David Shepardson WASHINGTON (Reuters) - U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service re...
Mar 11, 2020
Falling oil prices increase risk to Mexico’s sovereign credit rating: Moody’s
MEXICO CITY (Reuters) - Falling oil prices increase the risks to Mexico's sovereign credit rating, ratings agency Moody's said on Wednesday, adding that the Mexican oil hedge will mitigate the impact ...
Mar 11, 2020
Trump’s radical plan to waive payroll tax would punch hole in Social Security, Medicare budgets
By Howard Schneider and Steve Holland WASHINGTON (Reuters) - President Donald Trump has picked his favorite weapon to fight the economic fallout from the coronavirus - an elimination of the "payroll t...
Mar 11, 2020
Banks urge EU to ease capital rules to fight coronavirus fallout
LONDON (Reuters) - Europe's banks have called on European Union authorities to ease capital rules to help borrowers struggling because of the coronavirus epidemic. The European Banking Federation said...
Mar 11, 2020
Starboard nominates minority slate of directors to eBay board: WSJ
(Reuters) - Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc's board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter....
Mar 11, 2020
Industry proposes some people over 70 be barred from boarding cruises: USA Today
(Reuters) - A proposal submitted by a cruise industry body to the White House on Tuesday seeks to deny cruise boarding to people over 70, unless they present a fitness note from a doctor, USA Today re...
Mar 11, 2020
Israel expands coronavirus aid package to $2.8 billion
By Steven Scheer JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Wednesday the government will expand an aid package to help the country deal with the coronavirus outbreak by 6...
Mar 11, 2020
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