Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China excludes clean coal from list of projects eligible for green bonds
SHANGHAI/BEIJING (Reuters) - China has excluded "clean coal" from a list of projects eligible for green bonds, according to new draft guidelines published by the central bank on Friday. The new catalo...
May 28, 2020
SoftBank Vision Fund head’s pay doubled last year despite massive losses
TOKYO (Reuters) - SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's underperformance pushed SoftBank t...
May 28, 2020
China-backed AIIB approves $750 million loan for Philippines’ COVID-19 response
BEIJING (Reuters) - Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it had approved a $750 million loan to the Philippines to help the country cope with the coronavirus pande...
May 28, 2020
Japan finance minister sees fiscal situation worsening as virus hits tax revenue
TOKYO (Reuters) - Japan's fiscal situation will further deteriorate following the compilation of stimulus budgets as tax revenue will likely fall due to the impact of the coronavirus on economic activ...
May 28, 2020
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, accord...
May 28, 2020
China cenbank makes biggest weekly cash injection via OMO since mid-Jan
SHANGHAI (Reuters) - China's central bank will inject 300 billion yuan ($41.99 billion) into money markets on Friday through seven-day reverse bond repurchase agreements, traders said. Friday's move w...
May 28, 2020
Volkswagen agrees to buy 50% of EV partner JAC’s parent company
BEIJING (Reuters) - Anhui Jianghuai Automobile Group (JAC Motors) said on Friday that German automaker Volkswagen AG agreed to buy 50% of its parent company Anhui Jianghuai Automobile Group Holding. R...
May 28, 2020
Oil prices fall as U.S. fuel demand remains weak
By Florence Tan SINGAPORE (Reuters) - Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world's largest oil consumer while worsening U.S.-China tensions w...
May 28, 2020
Los Angeles union, joined by ‘Pandemic Pig,’ demands meatpacking plant closure
By Rollo Ross LOS ANGELES (Reuters) - The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the plant'...
May 28, 2020
As China’s factories feel economic blues, band of workers tell their story through rock music
By David Kirton SHENZHEN, China (Reuters) - Wang Zongxing hoped that opening a restaurant would lead to an easier life after 14 years of working long hours in Shenzhen's factories, but serving the spi...
May 28, 2020
