Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Japan bank lending rises most in three years as pandemic-hit firms hoard cash
By Hiroko Hamada TOKYO (Reuters) - Japanese bank lending jumped in April at the fastest annual pace in nearly three years, central bank data showed on Wednesday, reflecting a surge in fund demand from...
May 12, 2020
Exclusive: Neiman Marcus creditor calls for deal with Saks Fifth Avenue – letter
By Mike Spector and Jessica DiNapoli (Reuters) - Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department st...
May 12, 2020
Mexican government committee classifies auto industry as ‘essential’ ahead of reopening
MEXICO CITY (Reuters) - The Mexican government's health committee on Tuesday announced plans to put key industries such as the automotive, mining and construction sectors into the "essential activitie...
May 12, 2020
Occidental offering voluntary job buyouts, citing need for spending cuts: document
By Devika Krishna Kumar (Reuters) - Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp ...
May 12, 2020
South Korea’s jobs fall in April at sharpest pace since 1999
By Cynthia Kim and Joori Roh SEOUL (Reuters) - South Korea's unemployment rate was unchanged in April but the number of employed fell at its fastest in more than two decades, data showed on Wednesday,...
May 12, 2020
Dollar on defensive, eyes on Powell amid negative rates debate
By Hideyuki Sano TOKYO (Reuters) - The dollar was on the defensive against its rivals on Wednesday as traders looked to Federal Reserve Chairman Jerome Powell's speech amid rising speculation the Unit...
May 12, 2020
Asian stocks set to slip on coronavirus fears, vaccine timing
By Suzanne Barlyn NEW YORK (Reuters) - Asian equities were set to pull back on Wednesday as heightened concerns about coronavirus infections and the timing for a vaccine outweighed the lift from rebou...
May 12, 2020
IMF says set to back Chile’s request for $23.8 billion flexible credit line
WASHINGTON (Reuters) - The International Monetary Fund on Tuesday said its managing director would recommend approval of Chile's request for a two-year, $23.8 billion flexible credit line, given the L...
May 12, 2020
UK opens 10 billion pound COVID-19 aid programme for self-employed
LONDON (Reuters) - Millions of British self-employed workers will be able to apply for one-off grants of up to 7,500 pounds ($9,210) from Wednesday, as part of a government assistance package for peop...
May 12, 2020
Investment banks cut jobs despite coronavirus trading surge: Coalition
LONDON (Reuters) - Investments banks cut jobs at the fastest pace in six years during a first quarter in 2020 even though the coronavirus pandemic triggered a surge in volatility and boosted revenues ...
May 12, 2020
