Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Blackrock CEO: equity market has rallied but global economy still in descent
RIYADH (Reuters) - Blackrock Chief Executive Larry Fink on Thursday said the global economy remains in descent though equity markets have rallied considerably. He was speaking during an online confere...
Apr 23, 2020
Lufthansa aims to finalise 10 billion rescue package next week: sources
By Arno Schuetze, Klaus Lauer and Patricia Uhlig FRANKFURT (Reuters) - Lufthansa is aiming to finalise a state aid rescue package worth up to 10 billion euros ($10.8 billion) next week after the coron...
Apr 23, 2020
Exclusive: Argentina plans higher local oil price to protect sector amid rout – sources
By Eliana Raszewski BUENOS AIRES (Reuters) - Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by crashing global ...
Apr 23, 2020
Rome to take full control of Alitalia in June: minister
MILAN (Reuters) - The Italian government will take full control of Alitalia [CAITLA.UL] in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone bust due to t...
Apr 23, 2020
Honda extends North America auto production halt through May 8
WASHINGTON (Reuters) - Honda Motor Co said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves for many salaried workers. Honda, which be...
Apr 23, 2020
Lufthansa reports first quarter operating loss of 1.2 billion euros
FRANKFURT (Reuters) - Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros ($1.3 billion) during the first thr...
Apr 23, 2020
Repair, abandon, burn: Russia explores options for historic oil cut
By Olesya Astakhova and Katya Golubkova MOSCOW (Reuters) - In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut and is looking at all options...
Apr 23, 2020
Colombia’s Avianca says survival of the airline is in doubt due to coronavirus crisis
By Marcelo Rochabrun SAO PAULO (Reuters) - The financial auditors of Colombian airline Avianca Holdings have concluded that "substantial doubt" exists as to the company's ability to stay in business d...
Apr 23, 2020
Market can take mammoth UK bond issuance in stride: DMO’s Stheeman
LONDON (Reuters) - Britain's government bond market should be able to take in its stride an unprecedented slew of issuance planned for the next three months, the head of the country's debt agency said...
Apr 23, 2020
Reassembling normality: A return to routine at reopened IKEA in Israel
By Steven Scheer RISHON LEZION, Israel (Reuters) - For Israelis savouring some newfound freedom in the coronavirus crisis, a shopping excursion to a reopened IKEA store on Thursday was also about reas...
Apr 23, 2020
