Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Michigan due to reopen manufacturing from coronavirus lockdown
By Ben Klayman DETROIT (Reuters) - Michigan was due to allow its factories to resume production on Monday after more than six weeks of a coronavirus lockdown, removing a major obstacle to North Americ...
May 11, 2020
Over 80% of U.S. small businesses expect longer impact of pandemic: survey
By Andrea Shalal WASHINGTON (Reuters) - Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the ne...
May 11, 2020
EU regulators to decide on $50 billion Fiat Chrysler, Peugeot deal by June 17
BRUSSELS (Reuters) - EU antitrust regulators will decide by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA 's $50 billion merger, according to a European Commission filing on Monday. The...
May 11, 2020
BA-owner IAG not in a position where it needs UK bailout: CEO
LONDON (Reuters) - British Airways-owner IAG is not in a position where it has to ask for a specific bailout from the government to see it through the coronavirus pandemic, its chief executive said on...
May 11, 2020
Japan’s Kobe Steel to cut spending after booking annual loss
By Yuka Obayashi TOKYO (Reuters) - Kobe Steel Ltd , Japan's No.3 steelmaker, said on Monday it will cut capital expenditure by a third after one-off charges and weaker demand in steel and aluminium ev...
May 11, 2020
Virus hits Asian energy, exporters hardest, as analysts cut outlook
(Reuters) - Concerns that extended factory lockdowns and social distancing rules will dent company profits prompted analysts to cut forecasts for Asian companies' 2020 earnings by around 5.4% over the...
May 11, 2020
EU watchdog wrong to let official move to banking lobby: Ombudsman
By Huw Jones LONDON (Reuters) - The European Union's banking watchdog should have barred its executive director from becoming the head of a banking lobby, the bloc's ombudsman said on Monday. The depa...
May 11, 2020
Poland’s Millennium says rate cuts to reduce its net interest income
WARSAW (Reuters) - Recent interest rate cuts will reduce Bank Millennium's net interest income in 2020 by 160-190 million zloty ($38.06-45.20 million), the Polish lender's Chief Executive Joao Bras Jo...
May 11, 2020
German engineering body sees China supply chain issues subsiding
BERLIN (Reuters) - German engineering industry association VDMA on Monday withdrew its 2020 production forecast for a decline of 5% as coronavirus hits the entire sector, but it said supply chain prob...
May 11, 2020
Euro rate has insignificant impact on headline inflation: ECB research
FRANKFURT (Reuters) - The impact of euro exchange rate movements on inflation has declined, and its impact on euro zone consumer prices is close to insignificant, fresh research from the European Cent...
May 11, 2020
