Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Italy PM says budget deficit likely to rise further amid pandemic
MILAN (Reuters) - Italy's budget deficit, currently projected to reach 10.4% of domestic output this year, is likely to expand further as the country tries to prop up the economy amid the coronavirus ...
Jun 21, 2020
American Airlines seeks to raise $1.5 billion in stock, convertible notes sale: Bloomberg News
(Reuters) - American Airlines Group Inc is planning to raise around $1.5 billion by selling shares and convertible notes, as the airline shores up liquidity after travel disruption due to coronavirus ...
Jun 21, 2020
Changing of guard at top German court signals de-escalation for ECB
By Madeline Chambers and Thomas Escritt BERLIN (Reuters) - Changes to the composition of Germany's top court are likely to make it less confrontational towards the European Central Bank following a ru...
Jun 21, 2020
As Bank of Canada quells sub-zero rates talk, next move may be a hike in 2022
By Fergal Smith TORONTO (Reuters) - Investors, looking past the COVID-19 pandemic, are betting that the Bank of Canada could be among the first major central banks to hike interest rates, signaling ne...
Jun 21, 2020
Germany to hold crisis talks with Lufthansa investor over bailout: source
FRANKFURT (Reuters) - Lufthansa's biggest shareholder, billionaire Heinz Hermann Thiele, will meet Germany's economics minister for talks on Monday about a 9 billion euro ($10.1 billion) bailout for t...
Jun 21, 2020
Inflation dog may finally bark, investors bet
By Yoruk Bahceli LONDON (Reuters) - Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of...
Jun 21, 2020
Saudi Arabia to launch $4 billion tourism development fund
DUBAI (Reuters) - Saudi Arabia plans to start a tourism development fund with an initial capital investment of $4 billion, the ministry of tourism said on Sunday. The Tourism Development Fund will lau...
Jun 21, 2020
Chairman of Israel’s Bank Hapoalim steps down due to illness
TEL AVIV (Reuters) - Oded Eran, the chairman of Bank Hapoalim , has stepped down due to illness, Israel's largest lender said on Sunday. Earlier this month the bank said Eran had taken sick leave for ...
Jun 21, 2020
Philippine central bank says none of Wirecard’s missing $2.1 billion entered local financial system
MANILA (Reuters) - The Philippine central bank said on Sunday that none of the missing $2.1 billion of scandal-hit German firm Wirecard had entered the local financial system. In a statement, Bangko S...
Jun 20, 2020
British Finance Minister Sunak plans emergency cut in value-added tax: The Times
(Reuters) - British Finance Minister Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government's latest efforts to tackle economic fallout from the coronavirus outbreak, the Sund...
Jun 20, 2020
