Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
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
Brazil stocks to slog through worst year since 2008 as pandemic strikes
By Gabriel Burin and Abraham Gonzalez BUENOS AIRES/MEXICO CITY (Reuters) - Brazilian stocks will keep slogging through a year that is shaping up as their worst since the global financial crisis of 200...
May 26, 2020
Coronavirus may sow seeds of next financial crisis: ECB
FRANKFURT (Reuters) - Europe's coronavirus pandemic has amplified financial vulnerabilities, raising the spectre of further crises ahead as debt levels soar and banks struggle, the European Central Ba...
May 26, 2020
Warner Music kicks off $1.8 billion Nasdaq IPO
By Joshua Franklin and Noor Zainab Hussain (Reuters) - Warner Music Group said on Tuesday it is aiming to sell up to $1.82 billion in stock in its U.S. initial public offering, potentially the largest...
May 26, 2020
