Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Truck maker Volvo ditches dividend payment amid COVID-19 crisis
(Reuters) - Swedish truck maker Volvo will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting not to make payments to shareholders because of the coronavirus c...
May 12, 2020
EU banking watchdog to crack down on ‘cum-ex’ trading schemes
By Huw Jones LONDON (Reuters) - The European Union's banking watchdog has proposed a crackdown on so-called cum ex trading schemes that could pose a threat to financial markets and national budgets. T...
May 12, 2020
Italy considers share voting changes to keep companies at home
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) - Italy is considering incentives to discourage listed companies from moving abroad and help long-standing Italian shareholders ward off hostile bid...
May 12, 2020
U.S. House No. 2 Democrat said new coronavirus bill due Tuesday
WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives are expected to unveil new coronavirus relief legislation on Tuesday afternoon, and could vote on the measure on Friday, the chamb...
May 12, 2020
India’s Modi announces $266 billion economic package after coronavirus hit
NEW DELHI (Reuters) - Prime Minister Narendra Modi announced a 20 trillion rupee ($266 billion) support package for India's economy on Tuesday to help mitigate the damage caused by the novel coronavir...
May 12, 2020
Uber approaches GrubHub with takeover offer: Bloomberg News
(Reuters) - Uber Technologies Inc has made an offer to buy online food delivery company GrubHub Inc , Bloomberg News reported on Tuesday. The two companies are currently in talks about a deal and coul...
May 12, 2020
Exclusive: OPEC+ wants to maintain oil output cuts beyond June – sources
By Rania El Gamal, Ahmad Ghaddar and Alex Lawler DUBAI/LONDON/MOSCOW (Reuters) - OPEC and its allies want to maintain existing oil cuts beyond June when the OPEC+ group is next due to meet to shore up...
May 12, 2020
Electric car sales in Europe jump, but still just 4% of market
By Edward Taylor FRANKFURT (Reuters) - Registrations of electric cars in Europe jumped 57.4% in the first quarter of 2020, but still only accounted for 4.3% of total registrations, auto industry data ...
May 12, 2020
Barkin: ‘Little bit of money’ from new facilities could keep corporate markets settled
WASHINGTON (Reuters) - The theory behind the Fed's new corporate credit facilities is that a relatively small investment would keep private trading on track after it began to falter in late March, Ric...
May 12, 2020
Luckin Coffee sacks CEO, COO following accounting probe
(Reuters) - Chinese coffee chain Luckin Coffee Inc fired its chief executive and chief operating officers following an internal probe on fabrication of annual sales numbers, the company said https://b...
May 12, 2020
