Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Tens or 100s of billions? Insurers consult crystal balls on coronavirus costs
By Alwyn Scott and Suzanne Barlyn (Reuters) - Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, a...
May 04, 2020
Coronavirus pushes oil majors to biggest output cuts in 17 years
By Ron Bousso LONDON (Reuters) - Oil and gas output from some of the world's top oil companies is set to drop by over 12% in the second quarter of 2020 to levels not seen in at least 17 years, accordi...
May 04, 2020
Swiss gold refineries reopen as virus lockdown eases
By Peter Hobson LONDON (Reuters) - Two of the world's biggest gold refiners, Valcambi and Argor-Heraeus, said on Monday they were restoring close to full operations after Swiss authorities relaxed cor...
May 04, 2020
Banks baffle investors as art meets science in accounting rule
By Lawrence White and Sinead Cruise LONDON (Reuters) - Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential...
May 04, 2020
Slovakia will accelerate reopening of economy hit by coronavirus
BRATISLAVA (Reuters) - Slovakia will accelerate the reopening of its economy from its coronavirus shutdown as the rate of new infections has slowed, Prime Minister Igor Matovic said on Monday. The cen...
May 04, 2020
Fed’s Barkin: New business practices, job retraining key to U.S. recovery
WASHINGTON (Reuters) - Safe, reliable and affordable changes to current work practices and job retraining will have to form the cornerstone of the U.S. economy's recovery from the coronavirus crisis, ...
May 04, 2020
Carnival plans to restart some North American cruises in August
(Reuters) - Carnival Corp said on Monday it planned to restart some of its cruise trips from North America in August as it tries to recover from the coronavirus pandemic, which has brought the industr...
May 04, 2020
U.S. factory orders drop more than expected in March
WASHINGTON (Reuters) - New orders for U.S.-made goods fell more than expected in March and could sink further as disruptions from the novel coronavirus fracture supply chains and depress exports. The ...
May 04, 2020
Uber’s Careem cuts 31% of workforce
DUBAI (Reuters) - Uber Technologies subsidiary Careem on Monday said it would lay off 536 employees this week, representing 31% of its workforce. Dubai-headquarterd Careem, which primarily operates in...
May 04, 2020
NY Fed says corporate credit facilities will begin purchases in May
NEW YORK (Reuters) - The New York Federal Reserve said Monday that the primary and secondary market corporate credit facilities it is setting up as part of its response to stabilize markets in the wak...
May 04, 2020
