Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
DoubleLine’s Gundlach says U.S. stocks to take out recent lows: CNBC interview
NEW YORK (Reuters) - The U.S. stock market has recovered because of the Federal Reserve's actions but a retest of the recent lows is possible, Jeffrey Gundlach, chief executive of DoubleLine Capital s...
Apr 27, 2020
Mexican economy likely shrank 1.7% in first quarter: Reuters poll
MEXICO CITY (Reuters) - Mexico's gross domestic product likely contracted in the first quarter of this year as the coronavirus pandemic put the brakes on economic activity, a Reuters poll showed on Mo...
Apr 27, 2020
BoE says UK state credit guarantees should limit banks’ loan risks
LONDON (Reuters) - The British government's 80% guarantees to banks for emergency coronavirus-related lending to companies should generally reduce the amount of capital banks need to cover loans that ...
Apr 27, 2020
Mexico’s March jobless rate distorted by coronavirus constraints
MEXICO CITY (Reuters) - Mexico's unemployment rate fell in March, official data showed on Monday, but experts said the true figure was likely higher than reported due to restrictions on data collectio...
Apr 27, 2020
IMF calls for Mideast sovereign wealth funds to boost local economies
By Davide Barbuscia DUBAI (Reuters) - Sovereign wealth funds in the Middle East should be used to boost growth, an International Monetary Fund (IMF) official said on Monday, as regional economies stru...
Apr 27, 2020
Airbus to furlough 3,200 staff at Broughton factory in Wales
LONDON (Reuters) - Airbus will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survi...
Apr 27, 2020
Fiat Chrysler resumes van production in Atessa, some other Italian operations
MILAN (Reuters) - Fiat Chrysler resumed van production on Monday at its Atessa plant in central Italy, a week before the country plans to start lifting a national lockdown put in place to limit the sp...
Apr 27, 2020
Resilience of independent oil firms faces hedging, debt tests
By Shadia Nasralla LONDON (Reuters) - Independent international oil producers can cope with plunging oil prices better than higher-cost U.S. shale firms but persistent low prices may still leave them ...
Apr 27, 2020
Falcon Private bank could lose Swiss licence in wake of 1MDB case: sources
By Oliver Hirt ZURICH (Reuters) - Falcon Private Bank, a wealth manager that was at the centre of Malaysia's 1MDB scandal, could lose its Swiss banking licence by the end of the week, two sources clos...
Apr 27, 2020
Can gold love a coronavirus crisis?
By Peter Hobson, Rajendra Jadhav and Saqib Iqbal Ahmed LONDON/MUMBAI/NEW YORK (Reuters) - Gold loves a crisis, the old adage goes. And with prices up 13% this year to their highest since 2012 and many...
Apr 27, 2020
