Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
In China’s auto market, worries grow that cashback deals and gifts presage damaging price war
By Yilei Sun and Brenda Goh HANGZHOU, China/SHANGHAI (Reuters) - Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealers...
May 24, 2020
Japan eyeing second extra budget worth over $929 billion: Nikkei
TOKYO (Reuters) - Japan's government is considering compiling a second extra budget for the current fiscal year worth over 100 trillion yen ($929.45 billion) to combat the economic fallout from the co...
May 24, 2020
UK’s Sunak authorises bailout plan to rescue strategically important companies: FT
(Reuters) - British Finance Minister Rishi Sunak has authorised a bailout plan to rescue companies that are seen as strategically important, with the state expected to buy stakes in crucial businesses...
May 24, 2020
Iranian fuel heads toward Venezuelan port, more tankers to come: data
(Reuters) - The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela was set to arrive at one of state-run PDVSA's ports on Sunday, escorted by the milita...
May 24, 2020
Aston Martin’s chief to leave as a part of shake-up: FT
(Reuters) - Aston Martin Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday. The luxury carmaker will name Tobias Moers, CEO of Mercedes-...
May 24, 2020
Boston Feds’ Rosengren: ‘Main Street’ loans to open beginning this week: CBS
WASHINGTON (Reuters) - The Federal Reserve's "Main Street" program of loans for small and medium sized businesses should start taking applications this week and begin disbursing funds the first week a...
May 24, 2020
Most publicly listed companies keep U.S. small-business aid loans
By Joshua Franklin and Lawrence Delevingne NEW YORK/BOSTON (Reuters) - More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have hel...
May 24, 2020
China drops mention of GDP goal as parliament opens, virus slams economy
By Kevin Yao and Judy Hua BEIJING (Reuters) - China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world's seco...
May 24, 2020
Franco-German 500 billion euro recovery fund step towards EU fiscal union: Centeno
FRANKFURT (Reuters) - Eurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step tow...
May 24, 2020
Air France must slash domestic traffic in exchange for state guarantees -minister
PARIS (Reuters) - Air France will have to "drastically" reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday. Domestic rout...
May 24, 2020
