Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK to ramp up coronavirus fight in first budget of Johnson government
By William Schomberg LONDON (Reuters) - Britain's new finance minister Rishi Sunak will pledge billions of pounds to fight the impact of coronavirus on Wednesday, and the Bank of England might add its...
Mar 10, 2020
Investors hit pockets of illiquidity in U.S. Treasuries as yields drop to record lows
By Karen Brettell and Abhinav Ramnarayan (Reuters) - Some investors are growing increasingly concerned about liquidity disruptions in the more than $500 billion-a-day U.S. Treasury market, as volatili...
Mar 10, 2020
Tata Steel Europe to cut 1,250 jobs in turnaround push
(Reuters) - Tata Steel Europe is planning to cut 1,250 jobs as it faces "challenging circumstances" and "needs to urgently improve profitability", Chief Executive Officer Henrik Adam said in an intern...
Mar 10, 2020
Japan MOF official says volatility remains high in forex market
TOKYO (Reuters) - A senior official from Japan's Ministry of Finance said on Wednesday that volatility remained high in the foreign exchange market and that rapid yen swings, whether up or down, were ...
Mar 10, 2020
Australia consumer sentiment falls to five-year low: survey
SYDNEY (Reuters) - A measure of Australian consumer sentiment slid to its lowest in more than five years this month as the mounting impact of the coronavirus shook confidence in the economic outlook, ...
Mar 10, 2020
Busiest U.S. port for China trade says coronavirus hits volume
(Reuters) - Cargo volumes at the Ports of Los Angeles and Long Beach, the No. 1 gateway for ocean trade with China, dropped sharply in February due to the coronavirus outbreak and lingering effects fr...
Mar 10, 2020
Brazil’s Petrobras to inject $3.4 billion into pension fund over 25 years
SAO PAULO (Reuters) - Brazilian state-controlled oil company Petroleo Brasileiro SA expects to inject $3.4 billion into its employees' pension fund, Petros, over the next 25 years, the company said on...
Mar 10, 2020
From Exxon to Royal Caribbean Cruises, U.S. companies rush to hoard cash
By Joshua Franklin NEW YORK (Reuters) - Corporate America is gearing up for leaner times. From Exxon Mobil Corp to Royal Caribbean Cruises Ltd , companies rushed to borrow more money and boost their c...
Mar 10, 2020
Australia to unveil $1.56 billion health package to combat coronavirus: newspaper report
SYDNEY (Reuters) - Australia is expected to unveil a A$2.4 billion ($1.56 billion) health package on Wednesday to combat the spread of the coronavirus in the country, The Australian newspaper said in ...
Mar 10, 2020
UK to spend extra 2.5 billion pounds on road repairs
LONDON (Reuters) - Britain will spend an extra 2.5 billion pounds ($3.2 billion)repairing 50 million potholes in roads over the next five years, the government said ahead of new finance minister Rishi...
Mar 10, 2020
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