Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. SEC investigates Luckin Coffee over accounting scandal: WSJ
(Reuters) - The U.S. Securities and Exchange Commission is investigating Luckin Coffee Inc for fabricating millions of dollars worth of sales deals last year, the Wall Street Journal reported https://...
Apr 29, 2020
Wirecard slides again after short seller demands CEO’s head
BERLIN (Reuters) - Shares in Wirecard slumped again on Wednesday as a prominent short seller demanded the sacking of CEO Markus Braun after a special audit of the German payments company was unable to...
Apr 29, 2020
Ruling on UBS French tax case appeal could be postponed to next year: chairman
ZURICH (Reuters) - A court decision on UBS's appeal of its 4.5 billion euro ($4.89 billion) French tax case penalty could be postponed until next year due to the coronavirus pandemic, the Swiss bank's...
Apr 29, 2020
Exclusive: Amazon turns to Chinese firm on U.S. blacklist to meet thermal camera needs
By Krystal Hu and Jeffrey Dastin NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blac...
Apr 29, 2020
The BoE’s mission impossible – predicting the scale of a COVID recession
By William Schomberg LONDON (Reuters) - The Bank of England faces the nearly impossible task of putting numbers on the scale of the coronavirus recession next week, when it must also decide whether to...
Apr 29, 2020
UK watchdog delays Libor transition deadline for loans
LONDON (Reuters) - Britain's markets watchdog said it has extended the cut off date for ending the use of the Libor interest rate benchmark in new loans until the end of March next year due to the pan...
Apr 29, 2020
Lockdown forces Spain’s property market to modernise
By Clara-Laeila Laudette and Inti Landauro MADRID (Reuters) - Spain's lockdown is dragging one of Europe's older-fashioned property markets into the 21st century, with estate agents scrambling to offe...
Apr 29, 2020
European shares flat as defensives offset upbeat earnings
By Sruthi Shankar (Reuters) - European shares struggled to maintain early gains on Wednesday, as a slide in defensive stocks countered upbeat forecasts from German automakers and sensor specialist AMS...
Apr 29, 2020
Beiersdorf top managers to waive 20% of fixed pay until December
BERLIN (Reuters) - Top managers at Nivea-maker Beiersdorf are waiving 20% of their fixed compensation between April and December, Chief Executive Stefan De Loecker said on Wednesday, adding that the l...
Apr 29, 2020
German inflation to slow further in April, regional data suggests
BERLIN (Reuters) - Inflation slowed further in several German states in April, data showed on Wednesday, suggesting the national reading will stay well below the European Central Bank's target and pos...
Apr 29, 2020
