Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Kenya’s power blackout due to glitch in transmission grid: Kenya Power
NAIROBI (Reuters) - Kenya was hit by nationwide power blackout on Saturday that was caused by system disturbance in the transmission grid, distributor Kenya Power said in a statement. The utility said...
May 09, 2020
Bankruptcy court approves Neiman Marcus’ plea to access financing
(Reuters) - U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity o...
May 09, 2020
Germany’s Altmaier wants Europe to be less dependent on other countries
BERLIN (Reuters) - The coronavirus pandemic has shown Europe is too reliant on other countries for some medical supplies, and European states should work together to further diversify international su...
May 08, 2020
Germany needs another extra budget to cushion coronavirus impact: Merkel ally
BERLIN (Reuters) - Germany will have to work on another supplementary budget to help the state's social security system cushion the effects of the coronavirus pandemic, Chancellor Angela Merkel's chie...
May 08, 2020
China extends anti-dumping duties on U.S., EU steel tubes and pipes for five years
BEIJING (Reuters) - China said on Saturday it would extend anti-dumping duties on certain alloy steel seamless tubes and pipes from the United States and European Union for five years starting May 10....
May 08, 2020
U.S. economic reopening should be gradual: Fed’s Daly tells CNN
(Reuters) - The United States should reopen its economy gradually, but it can't let the return to full employment take a decade or more the way it did during the recovery from the last crisis, the San...
May 08, 2020
Pfizer to outsource some drug production, focus on coronavirus vaccine
By Carl O'Donnell and Michael Erman (Reuters) - Pfizer Inc said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an...
May 08, 2020
Fed’s Kashkari says rescue aid should focus on most needy
(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said the U.S. government should funnel aid to those who need it most so that its funds can last the one to two years it w...
May 08, 2020
Argentine economists see inflation rising, GDP shrinking
By Aislinn Laing and Maximilian Heath BUENOS AIRES (Reuters) - Argentine economists on Friday predicted a worsening recession and raised their inflation estimate to 44.4% from 40%, according to the me...
May 08, 2020
U.S. small business rescue falls short on several counts: watchdog
WASHINGTON (Reuters) - The U.S. government's $660 billion program to rescue small businesses hit by the coronavirus pandemic saddles borrowers with rules that undermine the intention of Congress and f...
May 08, 2020
