Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Holiday Inn-owner reorders debt as first-quarter revenue per room sinks 25%
(Reuters) - Holiday Inn-owner InterContinental Hotels said on Monday it had agreed changes to the terms of its borrowing with creditors and made use of UK government supported loans as it predicted a ...
Apr 27, 2020
Norwegian Air’s debt plan sharply dilutes stake of current owners
OSLO (Reuters) - Norwegian Air's proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed on Mon...
Apr 27, 2020
VW re-starts Europe’s largest car factory after coronavirus shutdown
FRANKFURT (Reuters) - Volkswagen the world's largest carmaker by sales, on Monday said it had resumed work at its biggest factory in Wolfsburg, Germany, to give its workers time to adapt to new hygien...
Apr 27, 2020
No decision yet on state aid for Germany’s Lufthansa: minister
BERLIN (Reuters) - Berlin will decide on state support for Lufthansa once the country's largest airline applies for aid and all facts are on the table, the German Economy Minister said on Monday. "We ...
Apr 27, 2020
A battle far from over: Five questions for the ECB
By Dhara Ranasinghe, Yoruk Bahceli and Ritvik Carvalho LONDON (Reuters) - The European Central Bank meets on Thursday, the ink barely dry on its emergency bond-buying scheme, and markets are already a...
Apr 27, 2020
Bayer more stringent in glyphosate settlement talks due to downturn
FRANKFURT (Reuters) - German drugs and pesticides company Bayer said the economic downturn due to the coronavirus has prompted it to take a tougher stance in talks to settle claims its glyphosate-base...
Apr 27, 2020
Adidas expects sales to fall at least 40% in second quarter
BERLIN (Reuters) - German sportswear firm Adidas expects to take a bigger hit from the coronavirus lockdowns in the second quarter, predicting that sales will fall more than 40% after it reported a de...
Apr 27, 2020
U.S. Treasury currency report on trade partners delayed, Taiwan central bank sources say
By Liang-sa Loh TAIPEI (Reuters) - The U.S. Treasury's latest semi-annual report on trade practices of its major trading partners which was due this month has been delayed due to the coronavirus pande...
Apr 27, 2020
Taper Tantrum II? Fed’s slowing Treasury purchases may boost bond yields
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The Federal Reserve's gradual withdrawal from the U.S. Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite f...
Apr 27, 2020
U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi
BEIJING (Reuters) - A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China's FAW Group under the brand of choice o...
Apr 26, 2020
