Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Japanese investors back extra multi-billion dollar bonds to save economy
By Tetsushi Kajimoto TOKYO (Reuters) - Many bond investors favor issuing an extra 1.5 trillion yen ($13.96 billion) in bonds a month as part of a second stimulus budget to try to limit the economic da...
May 22, 2020
Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up
By David Randall NEW YORK (Reuters) - Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. A re...
May 22, 2020
Alibaba revenue tops as online sales surge during lockdown
(Reuters) - China's Alibaba Group Holding Ltd reported a better-than-expected quarterly revenue on Friday, as the COVID-19 lockdowns drove more people to shop online for essentials. Revenue rose to 11...
May 22, 2020
With remote work plan, Facebook dashes hopes of paycheck arbitrage
By Katie Paul SAN FRANCISCO (Reuters) - With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the...
May 22, 2020
Fed’s Powell to speak next Friday at 11 a.m. EDT
WASHINGTON (Reuters) - Federal Reserve chair Jerome Powell will appear in a webcast discussion with former Fed vice chair Alan Blinder next Friday at 11 a.m. EDT, the Fed announced. The question and a...
May 22, 2020
No deal Brexit back as a risk for Irish economy: finance minister
DUBLIN (Reuters) - The chances of Britain's status-quo Brexit transition period ending without a trade deal at the end of the year is a risk the Irish economy needs to start preparing for, Finance Min...
May 22, 2020
Futures retreat as Sino-U.S. tensions simmer
By Ambar Warrick (Reuters) - U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession. China...
May 22, 2020
Russian GDP could fall by more than 8% second quarter 2020: Nabiullina
MOSCOW (Reuters) - Russia's economy could contract by more than 8% in the second quarter of 2020, central bank governor Elvira Nabiullina said on Friday, adding that the bank would revise its most rec...
May 22, 2020
Deere profit tops as demand slump not as bad as feared
(Reuters) - Deere & Co topped quarterly estimates for profit on Friday as demand for farm equipment fell less than feared and the company kept a tight lid on costs. Deere typically sees a pick-up in s...
May 22, 2020
Cabin crew union demands Lufthansa bailout safeguards jobs
FRANKFURT (Reuters) - Germany's airline cabin crew union called on Friday for Berlin to include measures to safeguard jobs in the bailout package which is being finalised for airline Lufthansa . The U...
May 22, 2020
