Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Thyssenkrupp CEO: no taboos in steel consolidation plans
FRANKFURT (Reuters) - Thyssenkrupp's CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, with options ranging from selling a majority to buying peers. "Nothing is off-limi...
May 19, 2020
China’s delayed parliament to focus on reviving virus-hit economy
By Kevin Yao and Yew Lun Tian BEIJING (Reuters) - After a 78-day delay, China's parliament begins its annual session this week and is expected to unveil stimulus measures to spur an economy battered b...
May 19, 2020
Indonesia central bank keeps policy rate steady to support FX stability
JAKARTA (Reuters) - Indonesia's central bank kept its key interest rate unchanged on Tuesday, against expectations for a cut, saying the current level was in line with efforts to ensure market stabili...
May 19, 2020
Austria to increase funds for short-time work agreements
VIENNA (Reuters) - Austria will raise its funds for short-time work agreements to 12 billion euros ($13 billion) to help companies weather the effects of the coronavirus pandemic, Finance Minister Ger...
May 19, 2020
European shares extend gains, Germany outperforms
(Reuters) - European shares extended gains on Tuesday as fresh stimulus plans for the European Union added to hopes of a faster economic recovery from a coronavirus-fuelled downturn. The pan-European ...
May 19, 2020
Britain increases large business loan scheme to 200 million pounds
LONDON (Reuters) - Britain has increased the size of the loan that large businesses can borrow to see them through the coronavirus pandemic from next week, raising it to 200 million pounds ($245 milli...
May 19, 2020
Bank of England imposes dividend, pay caps on longer-term corporate borrowers
LONDON (Reuters) - Large businesses which want to borrow from the Bank of England for more than a year under an emergency coronavirus support scheme will have to show restraint on dividends and execut...
May 19, 2020
Auto industry key part of Italy GDP, fair to support FCA if creates jobs: minister
MILAN (Reuters) - The auto industry represents a significant share of Italy's economy and it's right to support those who create jobs in the country, Deputy Economy Minister Laura Castelli said when a...
May 19, 2020
Energean Oil & Gas scraps sale of E&P’s UK, Norway assets
(Reuters) - Energean Oil & Gas said on Tuesday it terminated a $280 million deal to sell the UK and Norwegian assets it acquired from Italian energy company Edison SpA last year. Mediterranean-focusse...
May 19, 2020
Charlesbank invests $70 million in Elbit Systems subsidiary Cyberbit
TEL AVIV (Reuters) - Israeli defence firm Elbit Systems said on Tuesday the Charlesbank Technology Opportunities Fund invested $70 million in Elbit's commercial cybersecurity subsidiary Cyberbit. Elbi...
May 19, 2020
