Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
HSBC sees double-digit wealth asset growth in Asia by 2023
By Sumeet Chatterjee HONG KONG (Reuters) - HSBC Holdings PLC expects to achieve double-digit asset growth in its newly combined wealth business in Asia Pacific in the next three years, as it looks to ...
May 19, 2020
Malaysia’s Petronas inks first LNG virtual deal
KUALA LUMPUR (Reuters) - Malaysia's national oil firm, Petroliam Nasional Bhd, has concluded a sales and purchase agreement with Tiger Clean Energy Limited (TCEL) via video teleconference to supply a ...
May 19, 2020
South Korea’s central bank needs to cut policy rate to near zero: government think-tank
SEOUL (Reuters) - A South Korean state-run think-tank said on Wednesday the central bank should cut benchmark interest rates to near zero to support an economy hit by the coronavirus pandemic. "There ...
May 19, 2020
Senate Democrats call for Trump administration to unveil details of TSMC plant deal
WASHINGTON (Reuters) - Democratic lawmakers on Tuesday urged the Trump administration to answer "serious questions" about Taiwan Semiconductor Manufacturing Co Ltd's plans to build a U.S.-based $12 bi...
May 19, 2020
Australian retail sales dive a record 17.9% in April: ABS preliminary estimate
By Swati Pandey SYDNEY (Reuters) - Australian retail sales slumped in April after a record surge the previous month as widespread restrictions to curb the spread of the coronavirus hit demand for clot...
May 19, 2020
South Korea sets up $8.2 billion special purpose vehicle to stabilise bond market
By Cynthia Kim SEOUL (Reuters) - South Korea on Wednesday said the government and the central bank will set up a 10 trillion won ($8.2 billion) special purpose vehicle (SPV) to directly purchase comme...
May 19, 2020
China leaves lending benchmark LPR unchanged, as expected
SHANGHAI (Reuters) - China held its benchmark lending rate steady as expected on Wednesday, mirroring the central bank's decision last week to keep borrowing costs on medium-term funding for financial...
May 19, 2020
Euro maintains firm tone on EU joint recovery fund, yen soft
By Hideyuki Sano TOKYO (Reuters) - The euro held firm on Wednesday, basking in the afterglow of a Franco-German proposal for a common fund that could move Europe closer to fiscal union. The dollar als...
May 19, 2020
Fujifilm shares tumble after report Avigan not showing apparent efficacy in coronavirus treatment
TOKYO (Reuters) - Shares of Fujifilm Holdings Corp tumbled more than 4% in early trade on Wednesday after a report its anti-flu drug Avigan was not showing apparent efficacy in coronavirus treatment i...
May 19, 2020
Oil prices ease on dim economic outlook despite signs of firmer demand
By Jane Chung SEOUL (Reuters) - Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by m...
May 19, 2020
