Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Top Michelin executives agree to pay cuts to help with COVID-19 response
PARIS (Reuters) - French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to it...
Apr 06, 2020
Britain’s BT commits to no job losses due to coronavirus crisis
LONDON (Reuters) - Britain's BT on Monday committed to no job losses related to the coronavirus crisis for the foreseeable future. The firm said it would increase pay for "team member" workers and fre...
Apr 06, 2020
Dollar borrowing costs drop to lowest in decade in FX swap markets
By Saikat Chatterjee LONDON (Reuters) - Dollar borrowing costs in the foreign exchange swap markets retreated further on Monday, with swap rates against the euro and pound falling to their lowest leve...
Apr 06, 2020
UK construction activity falls in March at fastest rate since 2009 – PMI
By David Milliken LONDON (Reuters) - Britain's construction sector saw the sharpest fall in activity since the financial crisis last month, a survey showed on Monday, despite facing much less pressure...
Apr 06, 2020
HSBC HK shareholders mull legal action over dividend suspension
By Sumeet Chatterjee and Felix Tam HONG KONG (Reuters) - HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against th...
Apr 06, 2020
EU clears 50 billion pound UK ‘umbrella’ scheme to support economy
BRUSSELS (Reuters) - The European Commission said on Monday it had approved a 50 billion pound ($61.5 billion) British "umbrella" scheme to support companies affected by coronavirus outbreak. The appr...
Apr 06, 2020
Euro zone investor morale hits all-time low on coronavirus – Sentix
BERLIN (Reuters) - Investor morale in the euro zone fell to an all-time low in April and the bloc's economy is in deep recession due to the coronavirus, which is "holding the world economy in a strang...
Apr 06, 2020
Insurers warns on forced payouts for uncovered coronavirus losses
LONDON (Reuters) - The Global Federation of Insurance Associations on Monday warned the world's governments of the danger of forcing insurers to pay out for losses suffered due to the coronavirus even...
Apr 06, 2020
UK car sector slashes 2020 sales forecast by 23% due to coronavirus
LONDON (Reuters) - A group representing Britain's car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represen...
Apr 06, 2020
Dubai’s Emaar suspends construction projects due to virus – sources
By Hadeel Al Sayegh and Alexander Cornwell DUBAI (Reuters) - Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familia...
Apr 06, 2020
