Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Commodity currencies slip as OPEC+ output cuts provide little cheer
By Stanley White TOKYO (Reuters) - Commodity currencies slipped against safe-haven units such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil producing nations fail...
Apr 12, 2020
Kia Motors wants to suspend three South Korean factories as virus hits exports: union
SEOUL (Reuters) - Kia Motors told its labour union in South Korea that it wants to suspend operations at three of its factories in the country as the coronavirus oubreak weighs on exports to Europe an...
Apr 12, 2020
UK finance minister says GDP may fall by up to 30% amid virus crisis: paper
(Reuters) - Britain's gross domestic product (GDP) could fall by up to 30% between April and June, Finance Minister Rishi Sunak told his colleagues as members of the cabinet call for easing lockdown r...
Apr 12, 2020
Oil, equities slip as OPEC+ cut fails to lift confidence
By Hideyuki Sano TOKYO (Reuters) - Oil prices and U.S. stock futures dipped in early Monday trade as a landmark agreement by OPEC and its allies to slash output by a record amount failed to give inves...
Apr 12, 2020
Coronavirus pandemic to test China’s unemployment safety net
By Gabriel Crossley and Cheng Leng BEIJING (Reuters) - The coronavirus pandemic is expected to cause millions more people in China to lose their jobs, leaving many of them stranded without a safety ne...
Apr 12, 2020
Virgin Galactic to run as a critical infrastructure business during pandemic
(Reuters) - Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many U.S. states in which it operates have...
Apr 12, 2020
OPEC+ deal could boost oil prices, but oversupply remains
By Stephanie Kelly NEW YORK (Reuters) - An oil producer deal to make record output cuts will lend some support this week to oil prices that have lost half their value this year as the coronavirus hamm...
Apr 12, 2020
Fed’s Kashkari says U.S. economy faces ‘long, hard road’ to recover from coronavirus
(Reuters) - The U.S. economic recovery from the disruptions caused by the novel coronavirus outbreak will likely be a "long, hard road" in which some parts of the economy will periodically shut down a...
Apr 12, 2020
Oil agreement could support stocks, providing a floor
By Sinad Carew (Reuters) - An agreement by oil producing nations to cut output by a record amount may sustain a recent bounce in stocks, though stay-at-home restrictions and closures tied to the coron...
Apr 12, 2020
EU’s Vestager says EU nations should buy stakes to block Chinese takeovers: FT
(Reuters) - The European Union's competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of Chinese takeovers, with her comments coming as...
Apr 12, 2020
