Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Credit Suisse sees 2020 economic contraction in Mexico of 4%
MEXICO CITY (Reuters) - Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note se...
Mar 17, 2020
U.S. Treasury approves revival of Fed primary dealer backstop
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Tuesday said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by the coronavir...
Mar 17, 2020
Peru miners halt operations to slow coronavirus spread; Chile braces for impact
LIMA (Reuters) - Miners shuttered or wound down operations in Peru on Tuesday and were girding for extended supply chain disruptions in neighboring Chile as governments tightened restrictions to try t...
Mar 17, 2020
Latam carriers see ‘bankruptcy pandemic’ risk, Chile opposes bailout
By Marcelo Rochabrun (Reuters) - Latin American airlines need prompt government aid or many of them could go out of business as the global coronavirus outbreak forces widespread flight cancellations, ...
Mar 17, 2020
Factbox: Stock exchanges revise trading rules, circuit breakers as volatility surges
(Reuters) - As the coronavirus outbreak and global growth worries cause global stock markets to sink, stock exchanges are tweaking trading rules to protect their markets from intense volatility and sp...
Mar 17, 2020
Virgin Australia to suspend all international flying as demand plummets
SYDNEY (Reuters) - Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel...
Mar 17, 2020
SoftBank backs away from part of planned WeWork bailout – WSJ
(Reuters) - SoftBank Group Corp is backing away from part of its planned bailout of WeWork, due to several regulatory investigations of the office sharing company, the Wall Street Journal reported htt...
Mar 17, 2020
U.S. regulator proposes path for non-banks to gain deposit license
By Pete Schroeder WASHINGTON (Reuters) - A U.S. banking regulator proposed a set of standards Tuesday for how it would consider special charters to allow non-banks to accept deposits and engage in oth...
Mar 17, 2020
Target reduces store hours to restock, clean amid virus outbreak
(Reuters) - Target Corp said on Tuesday it would reduce store hours for cleaning and restocking, as more consumers shop at its outlets for essentials amid the coronavirus outbreak. The retailer's stor...
Mar 17, 2020
Fed moves to backstop funding for companies as coronavirus fallout spreads
By Howard Schneider and Lindsay Dunsmuir (Reuters) - The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as ...
Mar 17, 2020
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