Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Mester says it’s hard to imagine quick V-shaped recovery
NEW YORK (Reuters) - Cleveland Federal Reserve Bank President Loretta Mester said economic activity could pick up in the third quarter as businesses begin to reopen, but she cautioned the recovery is ...
May 29, 2020
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
By Mumal Rathore BENGARULU (Reuters) - The Bank of Canada will hold interest rates at a record low of 0.25% until at least the end of next year as the economy reels from the coronavirus crisis, accord...
May 29, 2020
OPEC delivers three quarters of record oil cut in May: survey
By Alex Lawler LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeri...
May 29, 2020
Brazil’s Guedes says more credit, reforms needed to revive ‘hibernating’ economy
BRASLIA (Reuters) - Brazil's Economy Minister Paulo Guedes said on Friday that the government would continue pushing through economic reforms and increasing the supply of credit as it seeks to revive ...
May 29, 2020
India’s economy slows in March quarter, with worse to come
By Manoj Kumar NEW DELHI (Reuters) - India's economy grew at its slowest pace in at least eight years in the January-March quarter as the coronavirus pandemic weakened already sluggish consumer demand...
May 29, 2020
Russia to continue cutting rates amid virus-boosted economic contraction: Reuters poll
By Andrey Ostroukh MOSCOW (Reuters) - The Russian central bank will continue cutting interest rates in 2020, as it faces a worsening economic contraction and lower inflationary risks, a Reuters poll s...
May 29, 2020
Chile jobless rate hits 9% amid pandemic
SANTIAGO (Reuters) - Chile's unemployment rate hit 9% between February and April versus the same period a year ago, the government said on Friday, as lockdown measures to combat the coronavirus batter...
May 29, 2020
Uber launches hourly ride booking option in some U.S. cities
By Tina Bellon (Reuters) - Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential trips during the coronavirus p...
May 29, 2020
U.S. consumer spending tumble in April
WASHINGTON (Reuters) - U.S. consumer spending dropped by a record in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at i...
May 29, 2020
Canada GDP in April fell a record 11%: Statscan flash estimate
OTTAWA (Reuters) - Canada's growth in April plunged by a record 11% from March as large sections of the economy were shut down to fight the coronavirus outbreak, Statistics Canada said in a flash esti...
May 29, 2020
