Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Luxury stocks hammered as Chinese trade fears hit Europe
(Reuters) - European shares fell on Friday as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the COVID-19 pandemic. Beijing on Thursday pl...
May 22, 2020
Banks pursue Luckin Coffee chairman’s assets after loan default
By Scott Murdoch HONG KONG (Reuters) - The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gaze...
May 22, 2020
Exclusive: UK risks slow COVID recovery, all stimulus options under review – BoE’s Ramsden
By William Schomberg and David Milliken LONDON (Reuters) - Britain's economy could be facing a slower recovery from its deep coronavirus slump than the Bank of England suggested this month and all sti...
May 22, 2020
Renault could disappear and needs to be able to adapt: Le Maire
PARIS (Reuters) - France's Finance Minister Bruno Le Maire said on Friday that Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, while add...
May 22, 2020
China’s biggest automaker expects domestic car sales to pick up in second quarter
BEIJING (Reuters) - China's biggest automaker SAIC Motor expects the nation's auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its chairma...
May 22, 2020
Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo
TOKYO (Reuters) - Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker st...
May 22, 2020
Vodafone names Heineken’s Van Boxmeer as new chairman
LONDON (Reuters) - Vodafone , the world's second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from N...
May 22, 2020
UK retailers suffer record fall in April amid COVID lockdown
LONDON (Reuters) - British retail sales fell by the most on record in April as much of the sector was shuttered by the government's coronavirus lockdown, official figures showed on Friday. Sales volum...
May 22, 2020
Japan factory output, retail sales seen falling more sharply in April: Reuters poll
TOKYO (Reuters) - Japan's factory output and retail sales likely fell at the fastest pace in years in April as the coronavirus outbreak hurt the world's third-largest economy, a Reuters poll found on ...
May 22, 2020
Argentina to amend $65 billion debt offer, talks on ‘positive’ course: minister
By Hugh Bronstein BUENOS AIRES (Reuters) - Argentina is planning to amend its offer to creditors to restructure $65 billion in foreign debt, with talks on a positive course despite there being an "imp...
May 22, 2020
