Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Key EU states agree coronavirus economic rescue: diplomats
BRUSSELS (Reuters) - Germany, France, Italy, Spain and the Netherlands reached an agreement on Thursday evening on an economic support package against coronavirus epidemic, paving the way for a deal a...
Apr 09, 2020
Volkswagen furloughs workers at Tennessee auto plant starting April 11
(Reuters) - Volkswagen AG said it will furlough workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. The German automaker s...
Apr 09, 2020
Latin America faces post-coronavirus dilemma – a permanent break with economic austerity?
By Jamie McGeever BRASILIA (Reuters) - The scale of the coronavirus-induced economic crash expected in Latin America could upend the region's financial rules for years to come, throwing up big obstacl...
Apr 09, 2020
Caterpillar seeks $3 billion loan from banks to boost liquidity: Bloomberg
(Reuters) - Caterpillar Inc is in talks with banks to raise a new $3 billion nine-month revolving credit facility, Bloomberg reported on Thursday, citing people familiar with the matter. The world's b...
Apr 09, 2020
Full immediate expensing would lure U.S. firms back from China: Trump adviser Kudlow
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Thursday said one policy that could lure U.S. companies to move back to the United States from China would be 100 percent immediate ...
Apr 09, 2020
Fed, BoE push deeper into uncharted territory in face of coronavirus slump
By Howard Schneider and William Schomberg WASHINGTON/LONDON (Reuters) - The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus reces...
Apr 09, 2020
BoE leaves systemic buffer rates for major banks unchanged
LONDON (Reuters) - The Bank of England said on Thursday it would leave unchanged the rates for the additional capital buffers that major banks need to hold, known as the systemic risk buffer (SRB). "T...
Apr 09, 2020
U.S. economy should be able to reopen on ‘rolling basis’: White House adviser Kudlow
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Thursday said the U.S. economy should be able to reopen "on a rolling basis" over the next month or two. "The next month or two, we ...
Apr 09, 2020
Citigroup starts accepting paycheck protection program application
(Reuters) - Citigroup Inc said on Thursday, that it has started accepting applications for the $349 billion small business bailout fund. The third largest U.S. bank by assets said it will provide digi...
Apr 09, 2020
Air France KLM says it needs government support to continue operations
PARIS (Reuters) - Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash in the third quarter, but said it was co...
Apr 09, 2020
