Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China’s Wuhan offers consumer incentives to support local auto, appliance industries
BEIJING (Reuters) - China's Wuhan has rolled out consumer subsidies to support local auto and home appliance companies as the city in which the coronavirus first emerged tries to revive its economy af...
May 16, 2020
PBOC to strengthen monetary policy support for economy, governor says
HONG KONG (Reuters) - China will strengthen monetary policy support for the economy as authorities fight the hit from the coronavirus pandemic, its central bank governor wrote in an article published ...
May 15, 2020
Japan, U.S. to set up economic security dialogue: Yomiuri
TOKYO (Reuters) - Japan and the United States will set up a dialogue on economic security that will discuss 5G mobile-phone networks and the export of civilian technology that also has military use, t...
May 15, 2020
Amazon says ‘appropriate’ executive available after U.S. House panel calls on CEO Bezos to testify
(Reuters) - Amazon.com Inc said on Friday it would make the "appropriate" executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the c...
May 15, 2020
Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info – sources
By Koh Gui Qing and Pete Schroeder WASHINGTON (Reuters) - The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse...
May 15, 2020
UK’s lowest earners bear the brunt of COVID job hit: survey
LONDON (Reuters) - Britain's lowest-earning workers have suffered the biggest jobs hit since the coronavirus crisis engulfed the country, a survey showed on Saturday. Of the lowest-paid fifth of emplo...
May 15, 2020
J.C. Penney files for bankruptcy protection
NEW YORK(Reuters) - J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pan...
May 15, 2020
Buffett’s Berkshire slashes Goldman stake; exits Phillips 66, Travelers
By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc , despite the billionaire's assurance that the banking s...
May 15, 2020
Brazil says airline bailout settled, but carriers say talks ongoing
By Rodrigo Viga Gaier and Marcelo Rochabrun RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil's state development bank BNDES said on Friday that the country's top three airlines had accepted a $680 million ...
May 15, 2020
V-shaped recovery unlikely for Swiss economy: SNB’s Maechler
By Brenna Hughes Neghaiwi ZURICH (Reuters) - A full V-shaped recovery is unlikely for the Swiss economy, Swiss National Bank Governing Board member Andrea Maechler told Swiss newspaper Neue Zuercher Z...
May 15, 2020
