Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
For U.S. economy, the bottom may be here, but the rebound is slow so far
By Howard Schneider WASHINGTON (Reuters) - The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes of activity and hi...
Jun 04, 2020
EU Commission praises German stimulus plan as ‘very positive’
By Jan Strupczewski BRUSSELS (Reuters) - The European Commission praised Germany's 130 billion euro economic stimulus plan on Thursday, noting the EU's most populous country was finally boosting spend...
Jun 04, 2020
Nasdaq 100 hits intraday record high on recovery optimism
(Reuters) - The Nasdaq 100 index rose to an intra-day record high on Thursday as optimism about the reopening of the U.S. economy eclipsed concerns of the economic damage wrought by the COVID-19 pande...
Jun 04, 2020
Euro hits three-month high, Italy’s bonds rally as ECB ramps up stimulus
By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) - The euro rallied to a three-month high and Italy's borrowing costs tumbled on Thursday, after the European Central Bank ramped up stimulus to s...
Jun 04, 2020
Tech stocks have been a winning bet, but investors worry it will fade
By David Randall NEW YORK (Reuters) - A bet on tech companies has been a solid one in the aftermath of the coronavirus-induced market crash, but some investors are questioning whether those stocks can...
Jun 04, 2020
Intesa CEO says state-backed FCA loan crucial to protect Italy’s economy
MILAN (Reuters) - A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) financed by Intesa Sanpaolo is crucial to safeguard Italy's economy, the head of the country's biggest bank ...
Jun 04, 2020
UK firms cut borrowing again through BoE COVID facility
LONDON (Reuters) - Bank of England lending to businesses affected by the coronavirus outbreak fell for a second week running since the programme launched in March. The BoE said its holdings of commerc...
Jun 04, 2020
French debt seen at 121% of GDP this year: sources
PARIS (Reuters) - The French 2020 budget update due next week sees public debt reaching 120.9% of GDP this year as the government spends billions of euros to soften the impact of the coronavirus crisi...
Jun 04, 2020
Canada’s trade plunges in April as auto, oil shipments slump
By Kelsey Johnson OTTAWA (Reuters) - Canada's exports and imports plunged in April on falling oil prices and as the coronavirus pandemic shut down factories and retail stores, Statistics Canada said o...
Jun 04, 2020
EU regulators to warn EssilorLuxottica about Dutch deal, sources say
BRUSSELS (Reuters) - EU antitrust regulators will warn EssilorLuxottica that its 7.2-billion-euro ($8.1 billion) bid for Dutch opticians group GrandVision could harm competition, people familiar with ...
Jun 04, 2020
