Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Lebanon taking steps to strengthen collapsing pound: speaker
BEIRUT (Reuters) - Lebanese parliament speaker Nabih Berri said the government was working on steps on Friday to strengthen the country's collapsing pound currency, with an aim of reducing its price a...
Jun 12, 2020
Dick’s Sporting Goods resumes paying dividend as stores reopen
(Reuters) - Dick's Sporting Goods Inc said on Friday it would resume paying shareholders a quarterly dividend, citing strong early sales at its stores that have reopened amid easing coronavirus-driven...
Jun 12, 2020
U.S. import prices post largest gain in more than a year
WASHINGTON (Reuters) - U.S. import prices increased by the most in more than a year in May, driven by higher costs for petroleum products and food, which could further diminish fears of deflation as t...
Jun 12, 2020
Italy GDP may shrink by more than 8% in 2020, says economy minister
ROME (Reuters) - Italian Economy Minister Roberto Gualtieri said on Friday that the country's economic contraction this year may be worse than the 8% decline currently forecast by the government. The ...
Jun 12, 2020
As Colombia eyes pensions, market shudders
By Nelson Bocanegra BOGOTA (Reuters) - Colombia's financial market cringed last week when it learned the government was planning to order pension funds to transfer some $7.34 billion worth of contribu...
Jun 12, 2020
Indian automaker Mahindra seeks to give up control of struggling unit SsangYong
By Aditi Shah NEW DELHI (Reuters) - Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor , the Indian automaker's managing director said on Friday, as it looks ...
Jun 12, 2020
American Airlines sees 90% slump in second-quarter revenue
(Reuters) - U.S. airline American Airlines Group Inc said on Friday it expects its second quarter revenue to decline 90% compared with a year earlier. The company expects to reduce its cash burn rate ...
Jun 12, 2020
OPEC+ panel meeting next week will advise on policy, not decide: sources
By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW - An OPEC-led panel meeting to review the oil market next week will advise the wider OPEC+ group cooperating on a record supply cut, fi...
Jun 12, 2020
Britain’s Johnson says wasn’t surprised by economic plunge
LONDON (Reuters) - British Prime Minister Boris Johnson said figures showing the economy had plunged by a quarter in the March-April period had not come as a surprise because it was always going to hi...
Jun 12, 2020
Dutch cenbank chief Knot positive on European spending plan
AMSTERDAM (Reuters) - While the Dutch government has been a prominent sceptic of a plan for the European Union to spend 750 billion euros on economies hurt by coronavirus, the president of the country...
Jun 12, 2020
