Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM Cruise tries to poach Zoox engineers as company for sale
By Jane Lanhee Lee (Reuters) - Self-driving technology company Cruise, a unit of General Motors Co's , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox e...
Jun 05, 2020
Expecting a spike in bitcoin? Investors say it may take time
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coi...
Jun 05, 2020
U.S. unemployment rate seen near 20% as COVID slams jobs market again in May
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific hu...
Jun 04, 2020
As coronavirus sinks global demand, China’s exporters go online to tap domestic market
By Sophie Yu and Brenda Goh YIWU, China/SHANGHAI (Reuters) - At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into c...
Jun 04, 2020
Aussie and kiwi forecasts upgraded, but far behind markets: Reuters poll
By Wayne Cole SYDNEY (Reuters) - Analysts again upgraded their outlook for the Australian dollar in the latest Reuters poll, but were left lagging far behind the market which has already surpassed the...
Jun 04, 2020
Brazil’s Petrobras begins process to sell minority stakes in five power plants
RIO DE JANEIRO (Reuters) - Brazilian state-run oil firm Petrobras has started the process to sell its minority stakes in five power plants throughout Brazil, it said in a filing on Thursday night. The...
Jun 04, 2020
Singapore bank deposits jump as Hong Kong, virus sow uncertainty
By Aradhana Aravindan and Anshuman Daga SINGAPORE (Reuters) - A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 ...
Jun 04, 2020
China central bank drains net $63 billion yuan on week, biggest since mid-Feb
SHANGHAI (Reuters) - China's central bank injected 150 billion yuan ($21.10 billion) into the banking system on Friday through seven-day reverse repurchase agreements, while keeping the interest rate ...
Jun 04, 2020
Goldman Sachs executive’s email making plea for racial equality goes viral at firm
By Imani Moise and Sinead Cruise (Reuters) - An email by a Goldman Sachs Group Inc employee about his experiences of racial injustice and criticizing managers at the Wall Street bank for not supportin...
Jun 04, 2020
Netease raises at least $2.7 billion in Hong Kong listing, sources say
By Scott Murdoch HONG KONG (Reuters) - Chinese online gaming firm Netease raised at least $2.7 billion in a Hong Kong secondary offering after pricing its shares at HK$123 ($15.87) each, according to ...
Jun 04, 2020
