Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Yum China keeps bets on dine-in, sticks to expansion plans after virus
By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) - Yum China is betting that Chinese consumers will still choose to dine-in in the aftermath of the coronavirus crisis and plans to open more Pizz...
May 06, 2020
Metro Bank posts rising deposits, lower first quarter lending
LONDON (Reuters) - Britain's Metro Bank reported a modest dip in lending in the first quarter and a 77 million pounds rise in total deposits to 14.6 billion pounds ($18.15 billion) as customers shrugg...
May 06, 2020
German industrial orders slide 15.6% to record low in March as virus hits
BERLIN (Reuters) - Orders for German industrial goods dived 15.6% in March to their lowest level since records began in 1991, data showed on Wednesday, as the coronavirus slashed domestic and foreign ...
May 06, 2020
UK broadcaster ITV’s advertising revenue falls 42% in April
LONDON (Reuters) - ITV , Britain's biggest free-to-air commercial broadcaster, said COVID-19 had sent its advertising revenue down 42% last month, and an uncertain outlook meant it could not give guid...
May 06, 2020
China allows asset investment companies to conduct asset management business
BEIJING (Reuters) - China has allowed asset investment companies (AIC) to conduct asset management business to invest in debt-to-equity assets as regulators seek to expand equity financing and reduce ...
May 06, 2020
Virgin Money profits erased by coronavirus provision
LONDON (Reuters) - Virgin Money swung to a first-half loss after setting aside 232 million pounds ($288 million) to handle loans likely to turn sour as a result of the coronavirus crisis. The bank, wh...
May 06, 2020
No constitutional court can decide what ECB does: Italy PM tells paper
ROME (Reuters) - The independence of the European Central Bank is key to the foundations of the European Union and no constitutional court should decide what it can or cannot do, Italy's Prime Ministe...
May 06, 2020
BMW reports first-quarter profit rise as coronavirus saps demand
FRANKFURT (Reuters) - BMW AG on Wednesday reported a 133% rise in first-quarter operating profit, due to the absence of a one-off provision in the year-earlier period, but said the impact of the coron...
May 06, 2020
Virus-hit corporate profits seen sliding further in Europe
LONDON (Reuters) - Corporate profits expectations for the second and third quarters continued to deteriorate sharply in Europe, Refinitiv data showed on Wednesday, as fears about the scale of the rece...
May 06, 2020
South Africa’s auto industry ambitions threatened by coronavirus
By Emma Rumney JOHANNESBURG (Reuters) - The expansion of South Africa's auto industry is central to the government's economic development strategy but the coronavirus crisis has forced carmakers into ...
May 06, 2020
