Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
‘W-shaped’ recovery may be too optimistic, Fed’s Powell suggests
By Lindsay Dunsmuir WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting - one that sees business activi...
Apr 30, 2020
Indonesia first-quarter GDP growth seen at slowest in 18 years, worse to come: Reuters poll
JAKARTA (Reuters) - Indonesia's economic growth likely slowed to the weakest in 18 years in the first quarter, but there is probably worse to come during the rest of 2020 due to the impact of the coro...
Apr 30, 2020
Visa gives Kenya’s Safaricom ‘missing link’ for global payments
By Duncan Miriri NAIROBI (Reuters) - Visa and Safaricom have agreed a deal which will connect the Kenyan telecom operator's M-Pesa financial services platform with Visa's global network of merchants a...
Apr 30, 2020
Facebook could address some U.S. antitrust concerns with new photo transfer tool
By Nandita Bose WASHINGTON (Reuters) - Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time - a step that could assua...
Apr 30, 2020
Irish banks extend coronavirus loan breaks to six months
DUBLIN (Reuters) - Ireland's five retail banks, specialist and non-bank lenders agreed on Thursday to extend loan repayment breaks for customers hit by the coronavirus crisis to six months from three ...
Apr 30, 2020
Thyssenkrupp secures state aid of around 1 billion euros: Handelsblatt
BERLIN (Reuters) - Thyssenkrupp has secured state aid of around 1 billion euros ($1.09 billion), newspaper Handelsblatt cited sources with knowledge of the matter as saying on Thursday. The newspaper ...
Apr 30, 2020
Credit Suisse chairman successor search well underway, says Rohner
ZURICH (Reuters) - Credit Suisse's search for a new chairman is well underway, the current chairman Urs Rohner told shareholders at the bank's annual general meeting on Thursday. "Having been a board ...
Apr 30, 2020
Austria says 1.2 million people registered for layoff prevention scheme
VIENNA (Reuters) - Roughly 1.2 million people in Austria are registered for a layoff prevention scheme under which firms can keep staff on their books while only paying for hours actually worked, Fina...
Apr 30, 2020
Euro zone economy shrinks at record rate, inflation slows sharply
By Jan Strupczewski BRUSSELS (Reuters) - The eurozone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply as much economic ...
Apr 30, 2020
Accor real estate arm in talks for French government-backed loan: media
PARIS (Reuters) - AccorInvest, the real estate arm of French hotel group Accor , is in talks with several banks over a 400 to 500 million euro ($544 million) government-guaranteed loan, according to B...
Apr 30, 2020
