Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
SoftBank’s shares hit 20-year highs buoyed by buybacks
TOKYO (Reuters) - SoftBank Group Corp's shares rose 3% on Tuesday to reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group's persistent discount. Shares were price...
Jul 06, 2020
Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains
By Sonali Paul MELBOURNE (Reuters) - Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentia...
Jul 06, 2020
Investment banks got aid intended for U.S. small businesses
By Joshua Franklin (Reuters) - Tens of millions of dollars earmarked by U.S. lawmakers to assist small businesses in the coronavirus-induced economic downturn went to investment banks advising on corp...
Jul 06, 2020
New security law starts to break down Hong Kong’s pro-democracy economy
By Yanni Chow and Carol Mang HONG KONG (Reuters) - As soon as Hong Kong's new national security law came into force last week, Ivan Ng removed all the protest-themed paintings, posters and flags from ...
Jul 06, 2020
Asian stocks set to follow U.S. higher on China hopes, upbeat data
By John McCrank NEW YORK (Reuters) - Asian markets looked set to rise on Tuesday as investors weighed growing expectations of an economic rebound in China and a resurgent U.S. services industry, brush...
Jul 06, 2020
Campos Neto says Brazil’s economy recovering quickly
BRASILIA (Reuters) - Brazilian Central Bank President Roberto Campos Neto said on Monday that the nation's economy appears to be recovering quickly from the downturn caused by the novel coronavirus, a...
Jul 06, 2020
Next World Bank, IMF meetings to be virtual: World Bank chief
By Andrea Shalal WASHINGTON (Reuters) - The World Bank and International Monetary Fund will hold their annual Fall Meetings online in October because of the novel coronavirus pandemic, World Bank Pres...
Jul 06, 2020
Samsung Electronics says second quarter profit likely rose 23% on solid chip demand
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Tuesday second-quarter operating profit likely rose 23% as solid chip sales to data centres bulking up in a work-from-home economy during the pande...
Jul 06, 2020
Brazil drug distributor Profarma eyes listing retail unit
RIO DE JANEIRO (Reuters) - Brazilian drug distributor Profarma has hired advisors to study a share offering for its D1000 Varejo Farma Participacoes SA retail unit, according to a securities filing on...
Jul 06, 2020
Japan May real wages fall at quickest pace in nearly five years
TOKYO (Reuters) - Japan's May inflation-adjusted real wages dropped at the fastest pace in nearly five years, government data showed on Tuesday, in a sign of labour market stress as the economy takes ...
Jul 06, 2020
