Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Taiwan says planned stimulus coupons could boost consumer spending by $3 billion
TAIPEI (Reuters) - Taiwan said on Tuesday that planned "stimulus coupons" for its coronavirus-hit economy could boost consumer spending by T$100 billion ($3.3 billion) this year. In its latest move to...
Jun 02, 2020
Seadrill books $1.2 billion impairment, eyes restructuring
OSLO (Reuters) - Seadrill has written down the value of its oil drilling rigs by $1.2 billion and hired bankers and lawyers to evaluate a financial restructuring that could allow the company to reduce...
Jun 02, 2020
Australia central bank sees glimmer of hope as economy restarts after pandemic shutdown
By Swati Pandey SYDNEY (Reuters) - Australia's central bank held rates at all-time lows on Tuesday and sounded less gloomy as the economy gradually re-opens during what is likely to be the worst quart...
Jun 02, 2020
Around 7.3 million people in Germany on reduced hours over pandemic: Ifo
BERLIN (Reuters) - The number of workers in Germany on reduced hours has risen to 7.3 million, a poll of economic institute Ifo showed on Tuesday, as the coronavirus pandemic is affecting almost all s...
Jun 02, 2020
South Korea says to resume WTO complaint over Japan’s export controls
SEOUL (Reuters) - South Korea said on Tuesday that it decided to resume dispute settlement proceedings over Japan's export controls, saying the two sides failed to make progress over talks to resolve ...
Jun 02, 2020
Plunging cost of wind and solar marks turning point in energy transition: IRENA
By Matthew Green LONDON (Reuters) - Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than runni...
Jun 02, 2020
Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus
By Scott DiSavino NEW YORK (Reuters) - The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide deman...
Jun 02, 2020
Australia’s central bank holds cash rate at 0.25%
SYDNEY (Reuters) - Australia's central bank left its cash rate at a record low of 0.25% on Tuesday and again committed to do what it could to support the economy through the coronavirus crisis. The Re...
Jun 01, 2020
Australia’s Zip taps U.S. market with buyout of buy-now-pay-later peer
(Reuters) - Zip Co Ltd said on Tuesday it will buy out buy-now-pay-later (BNPL) firm QuadPay in a stock deal valuing the New York-based company at $269 million, as the Australian firm looks to tap the...
Jun 01, 2020
Volkswagen closes $2.6 billion investment in self-driving startup Argo AI
(Reuters) - German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday. Argo, founded in 2016 by Br...
Jun 01, 2020
