Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Volkswagen closes $2.6 billion investment in self-driving startup Argo AI
(Reuters) - German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday. Argo, founded in 2016 by Br...
Jun 01, 2020
Japan has no immediate plan to issue ‘corona-bonds’: finance minister Aso
TOKYO (Reuters) - Japan has no immediate plan to issue "corona-bonds," or bonds issued specifically to cover the cost of combating the coronavirus pandemic, Finance Minister Taro Aso said on Tuesday. ...
Jun 01, 2020
Japan’s cash balance hits new high as c.bank pumps money to combat pandemic
By Leika Kihara TOKYO (Reuters) - The balance of money circulating in Japan's economy reached $5 trillion in May, hitting a record high for the second straight month, as the central bank pumped more c...
Jun 01, 2020
Data surprises mean Australia’s economy might not have shrunk in first quarter
By Wayne Cole SYDNEY (Reuters) - Australia boasted a record current account surplus last quarter as firm export prices and a fall in imports provided a timely boost to growth, just as much of the dome...
Jun 01, 2020
South Korean shipbuilder stocks rally on $19 billion deal with Qatar Petroleum
SEOUL (Reuters) - Shares in South Korean shipbuilders rallied more than 20% on Tuesday following $19 billion worth of deals to build vessels for Qatar Petroleum (QP). QP said on Monday it has signed a...
Jun 01, 2020
Geely’s Polestar plans China showroom expansion to compete with Tesla: sources
By Yilei Sun and Brenda Goh SHANGHAI Reuters) - Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it ...
Jun 01, 2020
Southwest offers buyout packages, temporary leaves to ‘ensure survival’
By Tracy Rucinski and David Shepardson (Reuters) - Southwest Airlines Co on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to "en...
Jun 01, 2020
Dollar on defensive as markets pin hopes on global economic recovery
By Hideyuki Sano TOKYO (Reuters) - The dollar was on the defensive on Tuesday as investors stuck to hopes of a global economic recovery despite heightened concerns over U.S.-China tensions and mass pr...
Jun 01, 2020
Japan talking with South Korea about export controls: trade minister
TOKYO (Reuters) - Japan is engaged in dialogue with South Korea on export controls, the Japanese trade minister said on Tuesday, declining to elaborate on Seoul's request for Tokyo to remove restricti...
Jun 01, 2020
APA Group taps Morgan Stanley executive to head strategy, commercial units
(Reuters) - Australia's biggest gas pipeline operator APA Group said on Tuesday it has appointed Morgan Stanley senior executive Julian Peck to head its strategy and commercial units. Peck, who co-led...
Jun 01, 2020
