Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit r...
May 02, 2020
Ireland unveils 6.5 billion euro coronavirus business package
DUBLIN (Reuters) - Ireland will allow firms impacted by the coronavirus crisis to warehouse tax liabilities for 12 months, offering a "lifeline" as part of an additional package of business supports t...
May 02, 2020
Malaysian economy could shrink more than earlier forecasts: finance minister
KUALA LUMPUR (Reuters) - Malaysia's economy in 2020 could shrink more than initially forecast due to extended curbs on movement imposed to stem an outbreak of the new coronavirus, the finance minister...
May 02, 2020
Iran authorises issuance of sukuk securities to fund oil, gas projects – Shana
DUBAI (Reuters) - Iran authorised the issuance of sukuk securities to fund oil and natural gas projects, state-run energy news service Shana reported on Saturday. First Vice President Eshaq Jahangiri ...
May 02, 2020
France’s SocGen to provision between 3.5 and 5 billion euros this year: CEO
PARIS (Reuters) - French bank Societe Generale expects to have to provision 3.5 billion euros to 5 billion euros ($3.84 bln-5.49 bln) this year because of losses due to the coronavirus crisis, its chi...
May 02, 2020
More people hit China roads in first major holiday since coronavirus easing
By Muyu Xu and Ryan Woo BEIJING (Reuters) - China's most populous cities saw a spike in outbound travellers, tourists and day-trippers on May 1, first day of a long holiday weekend, led by Wuhan, epic...
May 02, 2020
IMF approves $91 million loan to Malawi for COVID-19 trade balance woes
BLANTYRE (Reuters) - The International Monetary Fund (IMF) has approved a $91 million loan for Malawi to help fund a balance of payments deficit exacerbated by the COVID-19 pandemic, the Fund said in ...
May 02, 2020
Tesla to extend furlough for some employees by another week: internal email
(Reuters) - Tesla Inc told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San Francisco vehic...
May 02, 2020
New ABB CEO Rosengren outlines decentralisation plan: NZZ
ZURICH (Reuters) - ABB's new Chief Executive Bjorn Rosengren is determined to decentralise the Swiss engineering group to improve its performance, he told Swiss newspaper Neue Zuercher Zeitung in an i...
May 01, 2020
How Boeing went from appealing for government aid to snubbing it
By Kate Duguid, Joshua Franklin and David Shepardson NEW YORK/WASHINGTON (Reuters) - In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The company's $...
May 01, 2020
