Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK economy likely to recover slowly from COVID hit: budget office head
LONDON (Reuters) - Britain's economy is likely to have a slower economic recovery rather than a quick bounce-back after its coronavirus shutdown, the head of the country's budget forecasting office sa...
May 17, 2020
India to privatise state-run cos, bar fresh insolvencies amid virus outbreak
NEW DELHI (Reuters) - India said on Sunday it would privatise state-run companies in non-strategic sectors and stop fresh insolvency cases for a year, as the economy grapples with a coronavirus-relate...
May 17, 2020
Indonesian government plans $8.6 billion coronavirus bailout for state firms
JAKARTA (Reuters) - Indonesia is planning an $8.6 billion bailout for 12 state-owned firms, to reduce the impact of the coronavirus pandemic, mostly as cash compensation and working capital investment...
May 17, 2020
Disney says it will reopen shopping area at Florida resort on Wednesday
(Reuters) - Walt Disney Co will partially reopen its Disney Springs entertainment and shopping complex at Walt Disney World Resort in Florida on May 20, it said late on Saturday. Disney and unions rep...
May 17, 2020
China urges food companies to boost supplies on fears of further COVID-19 disruption
By Naveen Thukral and Hallie Gu SINGAPORE/BEIJING (Reuters) - China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cas...
May 17, 2020
Australia says China ignores calls to ease trade tension
By Lidia Kelly MELBOURNE (Reuters) - Australia urged China on Sunday to respond to its requests to discuss easing tensions between the two trading partners after Canberra called for an international e...
May 16, 2020
China central bank should shun risky bond buying as economy improves: adviser
BEIJING (Reuters) - The People's Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to depreciation of the yuan currency, cen...
May 16, 2020
UK mulls plan for ‘bad bank’ to hold stakes in bailed-out firms: Sunday Times
(Reuters) - The British government is considering a plan for a "bad bank" that would hold stakes in bailed-out businesses that many fear could fail during the COVID-19 crisis, the Sunday Times newspap...
May 16, 2020
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
(Reuters) - J.C. Penney Co Inc said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain on the job after the U.S. department store chain file...
May 16, 2020
Blackstone shale oil venture Gavilan Resources files for bankruptcy
HOUSTON (Reuters) - Blackstone Group's Gavilan Resources LLC filed for Chapter 11 bankruptcy late on Friday, citing this year's oil price collapse and a bitter legal battle with a partner. Formed foll...
May 16, 2020
