Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Indonesia swings to trade deficit in April as exports, imports plunge
JAKARTA (Reuters) - Indonesia's trade balance slipped into deficit in April after two straight months of surpluses, as exports and imports continued to shrink as the coronavirus crisis disrupts global...
May 14, 2020
China’s factory output posts first increase for 2020 but consumption still weak
By Kevin Yao BEIJING (Reuters) - China's industrial output rose 3.9% in April from a year earlier, data showed on Friday, expanding for the first time this year as the world's second-largest economy s...
May 14, 2020
U.S. regulator is reviewing Abbott’s fast COVID test after studies raise accuracy concerns
By Carl O'Donnell (Reuters) - The U.S. Food and Drug Administration said on Thursday that Abbott Laboratories' speedy coronavirus test, which can deliver results within minutes and is used at the Whit...
May 14, 2020
Oil mixed as coronavirus risks offset hopes that crude stockpiles will shrink
TOKYO (Reuters) - Oil prices were mixed on Friday after big gains a day earlier when the International Energy Agency (IEA) predicted crude stockpiles would start to shrink in second-half 2020 after su...
May 14, 2020
Near-term U.S. economic outlook darkens, slow recovery to follow: Reuters poll
By Shrutee Sarkar BENGALURU (Reuters) - An already-dismal near-term U.S. economic outlook has darkened further in the latest Reuters poll of economists, and while a recovery is still forecast for the ...
May 14, 2020
South Korea pledges more steps to tackle pandemic employment shock
SEOUL (Reuters) - South Korea's finance ministry pledged on Friday to introduce more measures to minimize the employment shock from the coronavirus pandemic, saying risks to the economy were intensify...
May 14, 2020
Coronavirus could inflict $8.8 trillion in global losses: ADB
MANILA (Reuters) - Global economic losses caused by the coronavirus pandemic could be between $5.8 trillion and $8.8 trillion this year, the Asian Development Bank said on Friday, more than double its...
May 14, 2020
As euro zone recession deepens, ECB to scale up bond buying next month: Reuters poll
By Richa Rebello BENGALURU (Reuters) - The euro zone economy's worst recession on record will be even deeper than predicted less than a month ago, according to a Reuters poll of economists. They also ...
May 14, 2020
India’s farmers gather record wheat crop, but cannot move it
By Mayank Bhardwaj GHARAUNDA, India (Reuters) - Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country's largest-ever wheat harvest in Haryan...
May 14, 2020
China’s top energy firms to grow gas output despite spending cuts
By Chen Aizhu and Muyu Xu SINGAPORE/BEIJING (Reuters) - China's top energy producers will grow their natural gas output this year by twice as much as in the previous oil rout even as they slash spendi...
May 14, 2020
