Author Archives: Syndicated Content
Coronavirus turmoil spurs UK bond fund outflows – Calastone
By Simon Jessop LONDON (Reuters) - UK-based bond funds saw outflows of 3.7 billion pounds ($4.54 billion) in March as the coronavirus pandemic spurred a rush to cash, data from the fund transaction ne...
Apr 06, 2020
Russia’s coronavirus cases jump by almost 1,000 in 24 hours
MOSCOW (Reuters) - Russia's coronavirus case tally has risen to 6,343 in the past 24 hours, a record daily increase of 954, the country's crisis response centre said on Monday. Cases have been recorde...
Apr 06, 2020
Rockets hit near site of foreign oil firms, state-run companies in Iraq’s Basra: sources
BASRA, Iraq (Reuters) - Rockets landed near a site connected with foreign oil firms and state-run companies in Iraq's southern city of Basra early on Monday, without causing damage or casualties, oil ...
Apr 06, 2020
Austria trebles job-protection scheme’s funding as applications jump
VIENNA (Reuters) - Austria is trebling the funding available for a scheme designed to prevent layoffs that enables employers to keep staff on their books while only paying for hours actually worked, t...
Apr 06, 2020
German economy likely to contract by 3-6% this year – BDI
BERLIN (Reuters) - The German economy is likely to shrink by 3-6% this year, the head of the BDI industry association said on Monday, adding that this forecast was based on economic activity being dis...
Apr 06, 2020
As Germany reels from coronavirus, some officials debate impact on banks
By John O'Donnell and Tom Sims FRANKFURT (Reuters) - As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche ...
Apr 06, 2020
On this day: Died April 7, 1968: Jim Clark, British racing driver
By Alan Baldwin (Reuters) - Jackie Stewart starts a chapter of his autobiography with a simple sentence: "Jim Clark was the finest racing driver of my era." Few would disagree with the triple world ch...
Apr 06, 2020
Carmaker PSA secures further 3 billion euros worth of loans
PARIS (Reuters) - French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake of the hit to the g...
Apr 06, 2020
BMW sales plunge in first quarter as coronavirus takes toll
BERLIN (Reuters) - BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed...
Apr 06, 2020
Japan vows to fight ‘biggest global crisis since WWII’ with massive coronavirus stimulus package – draft
By Takaya Yamaguchi TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's government is to pledge to take "all steps" encompassing fiscal, monetary and tax policies to battle the deepening fallout fr...
Apr 06, 2020
