Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Malaysia’s AirAsia founders not taking salary; staff accepts up to 75% pay cut
KUALA LUMPUR (Reuters) - The founders of Malaysia's AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbrea...
Apr 12, 2020
China’s U.S. envoy says trade deal being implemented, hopes for coordinated response
SHANGHAI (Reuters) - China is still implementing the first phase of a Sino-U.S. trade pact, its ambassador to the United States said, but hoped the two could work together to assess the changing situa...
Apr 11, 2020
World Bank forecasts worst economic slump in South Asia in 40 years
By Manoj Kumar NEW DELHI (Reuters) - India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank...
Apr 11, 2020
Airlines want U.S. Treasury to scrap proposal to make some grant money repayable
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) - Major U.S. airlines were urging Treasury officials and the federal government's outside advisers on Saturday to scrap or revise a ...
Apr 11, 2020
Mexican president’s nationalist oil vision fuels standoff with Saudis
By Dave Graham and Rania El Gamal MEXICO CITY/DUBAI (Reuters) - The biggest supply cut ever contemplated by the world's top oil producers is hanging in the balance as a refusal by Mexico's leftist lea...
Apr 11, 2020
Exclusive: JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens
By Elizabeth Dilts Marshall NEW YORK (Reuters) - JPMorgan Chase & Co , the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mit...
Apr 11, 2020
Exclusive: Macy’s taps Lazard to bolster finances as coronavirus saps sales – sources
By Jessica DiNapoli and Mike Spector NEW YORK (Reuters) - Macy's Inc has hired investment bank Lazard Ltd to explore options for bolstering its finances after the department store operator lost most o...
Apr 11, 2020
U.S. senators hold call with Saudi officials urging them to put oil cut in motion
WASHINGTON (Reuters) - Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials fr...
Apr 11, 2020
Canadian legislators expected to pass wage subsidy as coronavirus spreads
By Rod Nickel WINNIPEG, Manitoba (Reuters) - Canadian government and opposition legislators met in the House of Commons on Saturday and were expected to approve a wage subsidy worth C$73 billion ($52 ...
Apr 11, 2020
Sudan’s health minister says country needs $120 million to fight coronavirus
By Khalid Abdelaziz KHARTOUM (Reuters) - Sudan urgently needs $120 million to fight the new coronavirus, the country's health minister told Reuters on Saturday, amid a shortage of the equipment to fig...
Apr 11, 2020
