Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Jordan sees economy down 3% in 2020 due to coronavirus
AMMAN (Reuters) - Jordan's cash-strapped economy is expected to contract around 3% in 2020 due to the impact of the coronavirus, the finance minister said on Sunday. The International Monetary Fund (I...
May 03, 2020
Jordan lifts all curbs on economic activity in latest easing of lockdown
AMMAN (Reuters) - Jordan said on Sunday it had lifted all restrictions on economic activity in the latest easing of coronavirus lockdown rules to help jump-start the cash-strapped economy. Jordan has ...
May 03, 2020
GM and SAIC’s China sales rebound in April as market recovers
BEIJING (Reuters) - General Motors' sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world's biggest auto market recovers from the coronaviru...
May 03, 2020
Indian bank bad debt could double in coronavirus crisis: sources
By Nupur Anand and Manoj Kumar MUMBAI/NEW DELHI (Reuters) - India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government off...
May 03, 2020
Lufthansa board hopeful of securing government bailout soon
BERLIN (Reuters) - Lufthansa is hopeful its bailout talks with the German government can be concluded soon, the airline's board told staff in a letter seen by Reuters, adding that it is also consideri...
May 03, 2020
Glencore’s Zambia subsidiary to resume mining operations temporarily
LUSAKA (Reuters) - Glencore's Zambian subsidiary Mopani Copper Mines (MCM) will resume mining operations for 90 days but still expects to go ahead with its initial plan to place its mining operations ...
May 03, 2020
Norwegian Air gets bondholder deal on $1.2 billion debt-for-equity swap
By Gwladys Fouche OSLO (Reuters) - Norwegian Air said on Sunday it had secured support from enough bondholders for a $1.2 billion debt-for-equity swap, a vital step in helping it survive the coronavir...
May 03, 2020
Pipe-laying vessel reaches Baltic as Russia’s Nord Stream 2 target looms
MOSCOW (Reuters) - A special pipe-laying vessel that could be used by Russia to complete construction of the Nord Stream 2 gas pipeline to Germany has arrived in the Baltic Sea, a Reuters witness said...
May 03, 2020
U.S. processes over $500 billion in small business loans to stem coronavirus fallout
(Reuters) - The U.S. Small Business Administration has processed over 3.8 million loans for more than half a trillion dollars since the launch of the Paycheck Protection Program on April 3 to deal wit...
May 03, 2020
White House adviser won’t rule out more money for states, small businesses
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill, including more money for state and loca...
May 03, 2020
