Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Did hedge funds score on masks and sanitizer? Not so much
By Svea Herbst-Bayliss and Lawrence Delevingne BOSTON (Reuters) - What would seem like a sure win for elite investors - early bets on companies racing to make face masks, hand sanitizer and other coro...
May 20, 2020
Global green energy growth to fall for first time in 20 years: IEA
By Nina Chestney LONDON (Reuters) - Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick ...
May 19, 2020
Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources
By Julie Zhu and Zhang Yan HONG KONG/BEIJING (Reuters) - A company linked to China's scandal-hit Luckin Coffee Inc is seeking fresh capital, sources said, highlighting the ripple effect of Luckin's fa...
May 19, 2020
William O’Neil accelerates China expansion amid pandemic, trade tension
SHANGHAI (Reuters) - The U.S. investment advisory firm founded by Wall Street trader William O'Neil is stepping up business expansion in China as Beijing accelerates financial deregulation amid rising...
May 19, 2020
HSBC sees double-digit wealth asset growth in Asia by 2023
By Sumeet Chatterjee HONG KONG (Reuters) - HSBC Holdings PLC expects to achieve double-digit asset growth in its newly combined wealth business in Asia Pacific in the next three years, as it looks to ...
May 19, 2020
Malaysia’s Petronas inks first LNG virtual deal
KUALA LUMPUR (Reuters) - Malaysia's national oil firm, Petroliam Nasional Bhd, has concluded a sales and purchase agreement with Tiger Clean Energy Limited (TCEL) via video teleconference to supply a ...
May 19, 2020
South Korea’s central bank needs to cut policy rate to near zero: government think-tank
SEOUL (Reuters) - A South Korean state-run think-tank said on Wednesday the central bank should cut benchmark interest rates to near zero to support an economy hit by the coronavirus pandemic. "There ...
May 19, 2020
Senate Democrats call for Trump administration to unveil details of TSMC plant deal
WASHINGTON (Reuters) - Democratic lawmakers on Tuesday urged the Trump administration to answer "serious questions" about Taiwan Semiconductor Manufacturing Co Ltd's plans to build a U.S.-based $12 bi...
May 19, 2020
Australian retail sales dive a record 17.9% in April: ABS preliminary estimate
By Swati Pandey SYDNEY (Reuters) - Australian retail sales slumped in April after a record surge the previous month as widespread restrictions to curb the spread of the coronavirus hit demand for clot...
May 19, 2020
South Korea sets up $8.2 billion special purpose vehicle to stabilise bond market
By Cynthia Kim SEOUL (Reuters) - South Korea on Wednesday said the government and the central bank will set up a 10 trillion won ($8.2 billion) special purpose vehicle (SPV) to directly purchase comme...
May 19, 2020
