Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China drops mention of GDP goal as parliament opens, virus slams economy
By Kevin Yao and Judy Hua BEIJING (Reuters) - China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world's seco...
May 24, 2020
Franco-German 500 billion euro recovery fund step towards EU fiscal union: Centeno
FRANKFURT (Reuters) - Eurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step tow...
May 24, 2020
Air France must slash domestic traffic in exchange for state guarantees -minister
PARIS (Reuters) - Air France will have to "drastically" reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday. Domestic rout...
May 24, 2020
Xi says China could have set GDP growth goal around 6% had there been no coronavirus
BEIJING (Reuters) - Chinese President Xi Jinping said China's annual economic growth target could have been set around 6% had the new coronavirus epidemic not happened, according to state media report...
May 24, 2020
Lufthansa to resume flights to 20 destinations from mid-June
FRANKFURT (Reuters) - Lufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holida...
May 24, 2020
Major Indian states seek delay in restarting flights as coronavirus cases rise
By Rajendra Jadhav and Aditi Shah MUMBAI/NEW DELHI (Reuters) - Three large Indian states have sought to delay the planned opening of their airports on Monday as new cases of the novel coronavirus jump...
May 24, 2020
India’s Reliance launches JioMart online grocery service, challenging Amazon, Flipkart
NEW DELHI (Reuters) - Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com's local unit and Wa...
May 24, 2020
Chinese banks could post flat or falling profits in 2020 – PBOC article
SHANGHAI (Reuters) - Chinese lenders could post flat or even falling profits in 2020 despite earnings growth in the first quarter, as the coronavirus outbreak brings difficulties to the economy, the c...
May 24, 2020
China’s efforts to resolve financial risks slowed by virus – local central bank head
BEIJING (Reuters) - China's efforts to resolve risks among high-risk financial institutions have been hampered by slower economic conditions caused by the outbreak of the new coronavirus, the head of ...
May 24, 2020
Bain Capital confirms second-round bid for Virgin Australia
SYDNEY (Reuters) - Bain Capital on Sunday said it was preparing a second-round proposal to buy Virgin Australia Holdings Ltd , as the private equity group positioned itself as the "strongest" suitor t...
May 24, 2020
