Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Renault to re-open its Sandouville plant on Friday: union source
PARIS (Reuters) - French carmaker Renault will re-open its Normandy-based Sandouville plant in northwestern France on Friday, a trade union source told Reuters on Wednesday. Renault had suspended prod...
May 20, 2020
Futures jump as investors hold out for recovery
By Medha Singh and Ambar Warrick (Reuters) - U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more cen...
May 20, 2020
Japan’s LDP advocates stimulus, with funding for firms to survive COVID-19 recession
By Tetsushi Kajimoto TOKYO (Reuters) - Japan must maintain an appropriate "policy mix" by adopting strong fiscal spending to go with the Bank of Japan's powerful monetary easing to protect the economy...
May 20, 2020
Target profit sinks 64% as COVID-19 costs offset gains from sales surge
(Reuters) - Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer...
May 20, 2020
Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann
MILAN (Reuters) - The reasons behind the proposed merger of car makers Fiat Chrysler and Peugeot-owner PSA are "stronger than ever" as the COVID-19 pandemic adds to existing challenges facing the indu...
May 20, 2020
Lowe’s beats sales estimates as lockdowns spur home improvement spending
(Reuters) - Lowe's Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling and repairs, sending sha...
May 20, 2020
Deutsche Bank CEO says bank must be more profitable before consolidating
FRANKFURT (Reuters) - Deutsche Bank's CEO said the bank needed to become more profitable before taking a leading role in European banking consolidation and dismissed concerns it would need state aid a...
May 20, 2020
Israel central bank chief says loose budget will help economic recovery
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) - Bank of Israel Governor Amir Yaron said on Wednesday he supports an expansionary 2020-21 budget to help the economy recover from the coronavi...
May 20, 2020
Greek economy to shrink up to 13% due to coronavirus, finance minister says
ATHENS (Reuters) - Greece's economy may shrink 10 to 13% this year following a lockdown imposed to stem the spread of the novel coronavirus, but the government will take steps to mitigate the impact, ...
May 20, 2020
Dutch government’s 2019 purchase of Air France-KLM shares ‘irregular’: audit office
AMSTERDAM (Reuters) - A 2019 move by the Dutch government to buy a 14% stake in Air France-KLM was not in accordance with the country's laws, the Netherlands' Court of Audit ruled on Wednesday. The go...
May 20, 2020
