Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Tesla shares surge 10% as strong deliveries drive profit optimism
(Reuters) - Shares of Tesla surged 10% to a record high on Monday, extending their rally to nearly 40% in five sessions after analysts raised their price targets on the electric car maker following it...
Jul 06, 2020
Eyeing United States, EU lawmakers seek quicker trade retaliation
BRUSSELS (Reuters) - EU lawmakers overwhelmingly backed a proposal on Monday to allow the European Union to retaliate more quickly in trade disputes, with a clear eye on the tariffs imposed by U.S. Pr...
Jul 06, 2020
GAM sales chief Rainsford exits in management revamp
ZURICH (Reuters) - GAM Investments' head of sales and distribution, Tim Rainsford, is leaving the Swiss asset management group amid a management revamp, GAM said on Monday. Former BlackRock executive ...
Jul 06, 2020
Morocco’s 2020 budget review sees fiscal deficit at 7.5%, growth at -5%
(Reuters) - Morocco's review of the 2020 budget expects the fiscal deficit at 7.5% and growth at -5% and provides for measures to shore up the economy, the Royal cabinet said on Monday. The new budget...
Jul 06, 2020
French central bank sees full rebound in GDP in wake of virus lockdown
PARIS (Reuters) - The French economy is on course to bounce back this quarter as much as it probably slumped in the previous three months, the central bank estimated on Monday, saying it might need to...
Jul 06, 2020
Moody’s sees Canadian provincial debt loads stabilizing once growth resumes
TORONTO (Reuters) - Moody's Investors Service is expecting Canadian provinces to shift rapidly to stabilizing the additional debt burdens they are taking on due to the coronavirus crisis once economic...
Jul 06, 2020
PPP loans roughly in line with industry payrolls, but some stand out
By Howard Schneider (Reuters) - Paycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday ...
Jul 06, 2020
Italy debt chief says retail bond offer going better than expected
ROME (Reuters) - The Italian Treasury's head of debt management said on Monday that the issuance of the "BTP Futura" bond for retail investors is going better than the Treasury had anticipated. Orders...
Jul 06, 2020
Elite Boies law firm approved for up to $10 million in PPP aid
By Caroline Spiezio (Reuters) - An elite law firm founded by trial lawyer David Boies was approved for up to $10 million in federal aid under a loan program designed to help struggling businesses amid...
Jul 06, 2020
Dutch central bank gives insurers room to resume dividend payments
AMSTERDAM (Reuters) - The Dutch central bank (DNB) said on Monday that insurers could restart dividend payments later this year, as the effects of the coronavirus pandemic on their balance sheets has ...
Jul 06, 2020
