Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. jobless rate likely to move higher in month ahead: White House adviser
WASHINGTON (Reuters) - The U.S. unemployment rate is likely to move up to around 20% this month from an already historically high 14.7%, a White House adviser said on Friday, adding the economy should...
May 08, 2020
Polish coal producer to cut pay and hours by 20% in May
WARSAW (Reuters) - Trade unions at Poland's biggest coal producer, state-run PGG, have agreed to the company reducing hours and pay by 20% in May, which would make PGG eligible for government help. Po...
May 08, 2020
Portugal’s exports and imports slump in March as pandemic bites
LISBON (Reuters) - Portugal's exports fell by 13% in March after a near 1% rise the previous month as the coronavirus crisis shut down large parts of the economy, data from the National Statistics Ins...
May 08, 2020
ECB’s latest asset purchase programme meets principles of proportionality: Spiegel
BERLIN (Reuters) - The German Finance Ministry has concluded that the ECB's latest asset purchase programme to tackle the coronavirus pandemic meets the principles of proportionality defined by German...
May 08, 2020
U.S. joblessness slams Latinos, less educated with brutal force
By Howard Schneider WASHINGTON (Reuters) - The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: j...
May 08, 2020
Germany’s Scholz expects final agreement on ESM credit line for virus-hit countries
BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Friday he expected euro zone finance ministers to agree on the final details of credit lines from the European Stability Mechanism bailou...
May 08, 2020
U.S. regulators started Scotiabank probe before metals closure: filings
By Peter Hobson LONDON (Reuters) - U.S. regulators were investigating Bank of Nova Scotia's (Scotiabank's) metals trading activities several months before it told staff it would wind down the unit, ac...
May 08, 2020
Argentine peso risk rises as crises spark black market rush for dollars
By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's peso is in increasingly treacherous waters, with twin economic and debt crises at home driving a huge gap between the official rate kept almost sta...
May 08, 2020
Canada loses record 2.0 million jobs in April, unemployment rate surges to 13.0%
OTTAWA (Reuters) - Canada lost a record-breaking 2.0 million jobs in April while the unemployment rate surged to a near-high 13.0%, official data showed on Friday, showing how much damage coronavirus-...
May 08, 2020
Coronavirus deals U.S. job losses of 20.5 million, historic unemployment rate in April
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the ...
May 08, 2020
