Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
After historic job losses from virus, Americans begin heading back to work
By Lucia Mutikani and Maria Caspani WASHINGTON (Reuters) - The coronavirus pandemic triggered the steepest monthly loss of American jobs since the Great Depression, the U.S. government said on Friday,...
May 08, 2020
Exclusive: Brazil asks mint to work overtime as currency shortage looms
By Carolina Mandl and Marcela Ayres SAO PAULO/BRASILIA (Reuters) - Brazil is running short of hard currency needed to pay funds aimed at helping people impoverished by the coronavirus crisis, accordin...
May 08, 2020
U.S. wholesale inventories revised up in March
WASHINGTON (Reuters) - U.S. wholesale inventories fell in March, albeit less than initially estimated, and further decreases are likely as the novel coronavirus outbreak continues to weigh on imports ...
May 08, 2020
White House not considering another stimulus bill this month, Kudlow says
WASHINGTON (Reuters) - The White House will not consider any further stimulus legislation this month as it eyes the economic impact from reopening U.S. states, White House economic adviser Larry Kudlo...
May 08, 2020
South African court orders SAA rescue team to withdraw layoff notices
JOHANNESBURG (Reuters) - South Africa's Labour Court on Friday ordered administrators trying to save struggling South African Airways to withdraw layoff notices because the issuing of those notices wa...
May 08, 2020
Brazil’s Petrobras’ cash burn may reach $1 billion a month in time of extreme stress
RIO DE JANEIRO (Reuters) - Brazilian oil giant Petrobras said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress and volatility, noting the current level of uncer...
May 08, 2020
Mexico car exports, production nosedive amid coronavirus crisis
MEXICO CITY (Reuters) - Mexico auto production and exports plummeted in April, data from the national statistics agency showed on Friday, as the coronavirus pandemic forced shut car manufacturing plan...
May 08, 2020
Microsoft to invest $1.5 billion in Italian cloud business
MILAN (Reuters) - Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to m...
May 08, 2020
J.C. Penney to file for bankruptcy as soon as next week, sources say
By Mike Spector and Jessica DiNapoli (Reuters) - J.C. Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 8...
May 08, 2020
Russian central bank will consider 100 bp rate cut in June, governor says
By Andrey Ostroukh and Gabrielle Ttrault-Farber MOSCOW (Reuters) - Russia's central bank will consider cutting its key rate by 100 basis points in June, its governor Elvira Nabiullina said on Friday, ...
May 08, 2020
