Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Italy to inject 3 billion euros in new Alitalia: industry minister
ROME (Reuters) - Italy's government will inject fresh capital worth at least 3 billion euros ($3.24 billion) in the ailing carrier Alitalia, which is being nationalised following financial problems, I...
May 07, 2020
H&M sales fall 57% year-on-year in March through early May
STOCKHOLM (Reuters) - Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and r...
May 07, 2020
Japan’s Mizuho cuts profit estimate by 5% amid coronavirus outbreak
TOKYO (Reuters) - Mizuho Financial Group Inc , Japan's third-largest lender by assets, on Thursday cut its full-year estimate for group net profit by 5.3% as it books credit-related costs amid the cor...
May 07, 2020
GSK sells $3.35 billion stake in Hindustan Unilever
By Scott Murdoch and Anshuman Daga HONG KONG/SINGAPORE (Reuters) - GlaxoSmithKline said on Thursday it sold its stake in Unilever's Indian business for $3.35 billion, which Refinitiv says is the large...
May 07, 2020
European stocks lifted by surprise rise in Chinese exports
By Sruthi Shankar (Reuters) - European shares rose on Thursday as a surprise rise in China's exports overshadowed another set of grim results and a warning from Air France-KLM that demand could take "...
May 07, 2020
Pictet sees more market turbulence ahead, cautious on stocks
LONDON (Reuters) - Pictet Asset Management said on Thursday it remained cautious on equities as more turbulence in markets was likely given the possibility of a second wave of infections from the coro...
May 07, 2020
Turkish lira falls to record low against U.S. dollar
ISTANBUL (Reuters) - Turkey's lira fell to a record low against the U.S. dollar on Thursday after traders interpreted comments from a Federal Reserve policy maker as ruling out a Fed swap line to cush...
May 07, 2020
Thai business groups see GDP contracting 3%-5% this year
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand's economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hi...
May 07, 2020
Swiss government sees jobless payouts tripling as coronavirus hits economy
By John Revill and John Miller ZURICH (Reuters) - The Swiss government expects the cost of jobless benefits and short-time working compensation arising from the coronavirus crisis to jump to some 20 b...
May 07, 2020
World food prices fall sharply in April because of coronavirus: U.N.
ROME (Reuters) - World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations food agency said on Thursday. ...
May 07, 2020
