Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Euro zone firms rush for emergency loans: ECB lending survey
FRANKFURT (Reuters) - Euro zone banks recorded a surge in emergency credit demand from corporate clients in the first quarter and a further rise is likely as the coronavirus pandemic batters the econo...
Apr 28, 2020
European stocks inch higher as positive earnings counter oil, Wirecard slump
(Reuters) - European shares hovered near two-week highs on Tuesday as a slate of strong earnings reports from companies, including Novartis and UBS, outweighed a slump in oil prices and shares of Wire...
Apr 28, 2020
German economy to contract by 6.6% in 2020: Ifo
BERLIN (Reuters) - German economic institute Ifo on Tuesday said it expected the economy to contract by 6.6% in 2020 year-on-year due to the coronavirus pandemic. It said Europe's largest economy shra...
Apr 28, 2020
British grocery sales growth slows to 5.5% in four weeks to April 19: Kantar
LONDON (Reuters) - British grocery sales grew 5.5% in the four weeks to April 19, a slowdown from record growth of 20.6% in March when shoppers built up stocks before the country went on coronavirus l...
Apr 28, 2020
Europcar still in talks over French financial aid
PARIS (Reuters) - French car hire company Europcar said on Tuesday it was still in talks with the government over obtaining further financing aid. Europcar has finalised the second tranche of financin...
Apr 28, 2020
Spain’s unemployment raises to 14.4% in first quarter
Reuters - Spain's unemployment rate rose to 14.4% in the first quarter of the year, data from the National Statistics Institute showed on Tuesday, up from 13.8% in the previous quarter as a result of ...
Apr 28, 2020
BOJ’s Kuroda warns of potential rise in credit costs from pandemic
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the country's financial institutions could see credit costs rise if the economic fallout from the coronavirus pandemic deepens....
Apr 28, 2020
French consumer confidence sees steepest monthly drop in April
PARIS (Reuters) - French consumer confidence suffered its biggest ever monthly drop in April amid the nationwide lockdown to contain the novel coronavirus, the INSEE official statistics agency said on...
Apr 28, 2020
Marks & Spencer strengthens liquidity to cope with coronavirus impact
LONDON (Reuters) - British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18 months, including scrapping next year's divid...
Apr 28, 2020
BP’s profit tumbles, debt climbs as coronavirus crisis hammers oil demand
By Ron Bousso and Shadia Nasralla LONDON (Reuters) - BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warne...
Apr 28, 2020
