Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
German economy to contract more sharply in second quarter than in first quarter: ministry
BERLIN (Reuters) - Germany's economic output will fall further in the second quarter than in the first but the easing of coronavirus-related restrictions and leading indicators suggest the trough has ...
Jun 15, 2020
Commerzbank to cut more jobs, branches: board member
FRANKFURT (Reuters) - Commerzbank will announce "considerably" more branch closures and job cuts when it lays out its strategy review in August, a member of the bank's supervisory board said on Monday...
Jun 15, 2020
BP to write off up to $17.5 billion after reduced oil price forecast
LONDON (Reuters) - BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away fro...
Jun 15, 2020
Analysts’ view: Market jitters over second COVID-19 wave are an overdue pullback
SINGAPORE (Reuters) - A second straight day of record new COVID-19 cases in Beijing and a spike in infections across a swathe of the United States has dented investor sentiment and sent stocks sharply...
Jun 15, 2020
French finance minister: working from home is not panacea for virus
PARIS (Reuters) - Working from home is still a preferred option but is not the panacea for dealing with the problems caused by the coronavirus, French finance minister Bruno Le Maire said on Monday, a...
Jun 15, 2020
Charging points surge ahead of electric car boom
By Christoph Steitz FRANKFURT (Reuters) - The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of ba...
Jun 15, 2020
H&M’s March-May sales tumble by less than expected 50%
STOCKHOLM (Reuters) - H&M , the world's second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow the COVID-19 pan...
Jun 15, 2020
Dutch Tata Steel employees hold further strike actions
AMSTERDAM (Reuters) - Dutch Tata Steel employees held further strike actions on Monday to protest against job cuts planned as part of a broader restructuring, the FNV union said. A strike by workers o...
Jun 15, 2020
Intesa, BPER revise terms aiming to avert antitrust hurdles to UBI deal
MILAN (Reuters) - Italian bank Intesa Sanpaolo has increased the number of branches and amount of assets it will sell to rival BPER if its proposed takeover of UBI Banca goes through in an effort to o...
Jun 15, 2020
UK lawmakers urge Sunak to add 1 million workers to income schemes
LONDON (Reuters) - British finance minister Rishi Sunak must extend the government's already huge coronavirus income support measures to include over 1 million more workers who have missed out, lawmak...
Jun 15, 2020
