Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
LME to consult on whether its market abuse rules need reform
LONDON (Reuters) - The London Metal Exchange plans to consult members on whether its rules need to be changed to guard against market abuse and insider trading, the exchange said on Tuesday. To start ...
May 26, 2020
BlackRock puts ‘modest overweight’ on credit
LONDON (Reuters) - BlackRock Investment Institute (BII) predicted on Tuesday that developed market government bond returns would be negative over the next five years and raised its outlook on credit t...
May 26, 2020
U.S. consumer confidence edges up in May
WASHINGTON (Reuters) - U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was probably in the past as the country starts to reopen, but it w...
May 26, 2020
Lithium producers must wait as pandemic slows electric vehicle revolution
By Helen Reid and Ernest Scheyder JOHANNESBURG/HOUSTON (Reuters) - The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode wi...
May 26, 2020
UK’s John Lewis plans ‘phased’ re-opening of department stores
LONDON (Reuters) - British retailer John Lewis Partnership said on Tuesday it will re-open its department stores on a "phased basis" after the government said "non-essential" retail could re-open from...
May 26, 2020
Lufthansa hopes for speedy EU nod for bailout: sources
By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) - Lufthansa is hoping for a quick nod from the European Commission for its 9 billion euro ($9.8 billion) bailout agreed on Monday to make sure...
May 26, 2020
ECB can deviate from countries’ bond-buying quotas as needed
FRANKFURT (Reuters) - The European Central Bank can deviate from each euro zone country's quota to the extent needed when it buys government bonds under its Pandemic Emergency Purchase Programme, the ...
May 26, 2020
Markets too optimistic about coronavirus recovery: Deutsche Bank CEO
FRANKFURT (Reuters) - Deutsche Bank chief executive Christian Sewing said on Tuesday that markets were too optimistic in their assessment of a recovery from the coronavirus crisis. It's a bearish stat...
May 26, 2020
Wall Street set to surge at open on recovery, vaccine hopes
By Medha Singh and Uday Sampath Kumar (Reuters) - Wall Street was set to surge at the open, with the S&P 500 poised to breach a major technical barrier on Tuesday as business restarts and optimism abo...
May 26, 2020
Steelcase recalls furloughed workers globally, eases pay restrictions
(Reuters) - Steelcase Inc said on Tuesday that it recalled most of its manufacturing employees globally who were furloughed due to restrictions imposed to curb the spread of the COVID-19 pandemic. The...
May 26, 2020
