Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Mirae Asset says sued after deadline miss on $5.8 billion Anbang U.S. hotels deal
SEOUL (Reuters) - South Korean asset manager Mirae Asset Global Investments has been sued over a $5.8 billion deal to buy 15 U.S. hotels from China's Anbang Insurance Group after missing a deadline fo...
Apr 28, 2020
Deflation fears to force Japan to trim inflation-linked bond issuance
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) - Japan plans to cut the amount of inflation-linked bonds it sells to the market next month to the lowest level in seven years, sources said, as pl...
Apr 28, 2020
With virus war still raging, Fed peers out of the foxhole
By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices. The U.S. central bank begins a two-day policy meetin...
Apr 28, 2020
Swiss government agrees aid for aviation sector: Tages-Anzeiger
ZURICH (Reuters) - The Swiss government has agreed in principle to support an aid package worth around 1.5 billion Swiss francs ($1.54 billion) for Lufthansa unit Swiss via state-backed bank loans, th...
Apr 27, 2020
UBS posts 40% first-quarter net profit rise as transaction levels jump
ZURICH (Reuters) - The world's largest wealth manager, UBS , reported a 40% increase in first-quarter net profit on Tuesday, as clients upped trading activity during market turmoil sparked by the coro...
Apr 27, 2020
HSBC first-quarter profit slides 48% on coronavirus crisis, misses forecasts
HONG KONG/LONDON (Reuters) - HSBC Holdings PLC's first-quarter profit tumbled a worse-than-expected 48% after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide...
Apr 27, 2020
Singapore faces deeper-than-forecast recession as virus clouds global outlook: central bank
SINGAPORE (Reuters) - A recession in Singapore's trade-reliant economy could be deeper than forecast as the protracted nature of the COVID-19 pandemic is likely to hamper a decisive rebound in global ...
Apr 27, 2020
China says coronavirus posing new risks, challenges to workplace safety
BEIJING (Reuters) - The coronavirus outbreak is posing new challenges and risks to workplace safety for manufacturers, including an increase in unused inventory of dangerous goods and lack of adequate...
Apr 27, 2020
Australia Treasury says not working on any new economic packages at moment
SYDNEY (Reuters) - The Australia Treasury is not working on any new stimulus packages at the moment, after the government launched a range of substantial spending plans in recent weeks to cushion the ...
Apr 27, 2020
Aussie dollar near six-week peak as easing lockdowns spur risk
By Tom Westbrook SINGAPORE (Reuters) - The Australian dollar tested six-week highs on Tuesday, as signs of progress in re-opening economies helped the risk-sensitive currency recoup most of the panic ...
Apr 27, 2020
