Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
World Bank approves record $500 million to battle locust swarms
By Andrea Shalal WASHINGTON (Reuters) - The World Bank on Thursday approved a record $500 million in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of deser...
May 21, 2020
Uber has spent $19 million on coronavirus financial assistance for drivers
By Tina Bellon (Reuters) - Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis,...
May 21, 2020
Colombia central bank to cut rate to historic 2.75% low: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) - Colombia's central bank will cut its benchmark interest rate by 50 basis points to a historic low of 2.75% at its meeting next week, as it tries to alleviate fin...
May 21, 2020
IMF says over 20 poor countries seek debt relief, extension possible
WASHINGTON (Reuters) - The International Monetary Fund said on Thursday that over 20 poor countries have requested relief from official bilateral debt under a G20-backed initiative and the Fund stands...
May 21, 2020
Morgan Stanley CEO: too early to consider restarting share buy backs
NEW YORK (Reuters) - Morgan Stanley's Chief Executive Officer James Gorman told shareholders at its annual meeting on Thursday that it is too early for him or the board of directors to consider reinst...
May 21, 2020
Michigan Governor Whitmer reopens auto showrooms and retail by appointment
DETROIT (Reuters) - Michigan Governor Gretchen Whitmer said on Thursday she signed a series of executive orders re-opening sectors of the economy across the state, including allowing retail and auto s...
May 21, 2020
NY Fed’s Williams says it’s hard to know what shape U.S. economic recovery will take
NEW YORK (Reuters) - The U.S. unemployment rate is likely to get worse before it gets better, and it is difficult to know what the economic recovery will look like, New York Federal Reserve Bank Presi...
May 21, 2020
Yield on UK five-year government bonds falls to new record low
LONDON (Reuters) - The yield on five-year British government bonds fell to a record low just above zero on Thursday as investors priced in the possibility of negative interest rates by the Bank of Eng...
May 21, 2020
U.S. existing home sales post largest decline in nearly 10 years
WASHINGTON (Reuters) - U.S. home sales logged their biggest drop in nearly 10 years in April as the novel coronavirus pandemic upended the labor market and broader economy, undercutting demand for hou...
May 21, 2020
The slow reopen: Retail visits edge up, broader economic measures still unmoved
By Howard Schneider WASHINGTON (Reuters) - The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but...
May 21, 2020
