Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
L’Oreal to nominate CEO successor, drawn internally, by autumn
PARIS (Reuters) - L'Oreal 's Chairman and Chief Executive Jean-Paul Agon said on Tuesday he expected the cosmetic group's nominations committee to propose a candidate to succeed him by the autumn as h...
Jun 30, 2020
Company defaults yet to come in pandemic crisis: BoE’s Cunliffe
LONDON (Reuters) - Bank of England Deputy Governor Jon Cunliffe said on Tuesday that a number of companies are likely to enter financial distress as the coronavirus pandemic continues. "I would imagin...
Jun 30, 2020
NY Fed’s Williams says full recovery will likely take years
(Reuters) - The U.S. economy is showing signs of a turnaround as businesses reopen, but the pace of the recovery is being slowed by large-scale outbreaks in some states and it could be years before th...
Jun 30, 2020
India’s Chinese app ban seen jolting ByteDance’s India plans, angers some TikTok users
By Aditya Kalra and Pei Li NEW DELHI/HONG KONG (Reuters) - An Indian ban on dozens of Chinese apps following a border clash between the two nations has possibly derailed a $1 billion India expansion p...
Jun 30, 2020
Colombia central bank set to cut rate for fourth consecutive month
BOGOTA (Reuters) - Colombia's central bank board is expected to once again lower its benchmark interest rate at its meeting on Tuesday, in a bid to bolster the economy ahead of a likely recession. A p...
Jun 30, 2020
Chile manufacturing output plunges in May, copper production steady amid pandemic
SANTIAGO (Reuters) - Chiles manufacturing output plunged 13.3% in May, national statistics agency INE said on Tuesday, as measures to combat the spread of coronavirus shuttered many of its businesses ...
Jun 30, 2020
IMF economic forecasts more pessimistic than Saudi Arabia’s: central bank governor
DUBAI (Reuters) - Saudi Arabia's central bank governor said the International Monetary Fund's economic contraction forecast for Saudi Arabia was "more pessimistic" than Saudi Arabia's own forecasts. T...
Jun 30, 2020
EU rejects calls by steel industry to cut import quotas
LONDON (Reuters) - The European Union made only modest changes to its measures to protect the steel sector on Tuesday, sparking an angry response from an industry that had called for reduced import qu...
Jun 30, 2020
ECB sees slow post-virus recovery, will adjust PEPP aid to situation: Schnabel
LONDON (Reuters) - The European Central Bank can adjust its COVID-19 crisis measures depending on how financial markets adapt to what is likely to be a slow economic recovery from the pandemic, one of...
Jun 30, 2020
U.S. should consider sanctions on Russia, key Democrat says
WASHINGTON (Reuters) - The Democratic chairman of the U.S. House Intelligence Committee said on Tuesday the United States should consider sanctions to deter Russia's "malign" behavior as Democrats pre...
Jun 30, 2020
