Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Wall Street bonuses set to fall by as much as 30% in 2020: report
By Elizabeth Dilts Marshall NEW YORK (Reuters) - Wall Street bonuses for 2020 could fall by as much as 25%-30% due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a...
May 13, 2020
OPEC slashes oil demand forecast but sees cuts helping restore balance
By Alex Lawler LONDON (Reuters) - OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record supply cut...
May 13, 2020
ADM optimistic on U.S.-China Phase 1 deal agriculture purchases
CHICAGO (Reuters) - Global grains trader Archer Daniels Midland Co remains optimistic that China will meet its Phase 1 trade deal purchase commitments despite the slow pace of buying to date and recen...
May 13, 2020
Jersey jackpot of $2 million awaits Deutsche’s lost shareholders
By Tom Sims FRANKFURT (Reuters) - While Deutsche Bank employees fret about their jobs and pay, Germany's largest lender is trying to track down several hundred former staff to claim share payouts it h...
May 13, 2020
Dollar ticks up after Fed’s Powell strikes somber note on economy
NEW YORK (Reuters) - The U.S. dollar index rose modestly on Wednesday morning after Federal Reserve Chair Jerome Powell delivered remarks in which he said an "extended period" of weak growth may be in...
May 13, 2020
U.S. producer prices post biggest drop since 2009
By Lucia Mutikani WASHINGTON (Reuters) - U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, which could bolster some economists' pr...
May 13, 2020
Chanel says increasing prices on handbags, small leather goods
MILAN/PARIS (Reuters) - French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide to take into account a rise in the cost of raw mate...
May 13, 2020
Exclusive: Thyssenkrupp, Fincantieri in talks to form warship champion-source
By Christoph Steitz, Tom Kckenhoff and Sabine Siebold FRANKFURT/DUESSELDORF/BERLIN (Reuters) - Thyssenkrupp is exploring several strategic options for its warship unit, ranging from combining it with ...
May 13, 2020
EU parliament demands states allocate new revenues to next EU budget
By Francesco Guarascio BRUSSELS (Reuters) - The European Parliament is threatening to withhold approval of the next long-term EU budget unless EU governments allocate new sources of revenue to it, acc...
May 13, 2020
Traders reduce bets on negative U.S. rates after Powell says Fed not considering
(Reuters) - Traders of short-term U.S. interest-rate futures on Wednesday reduced bets the Federal Reserve will take the unprecedented step of pushing interest rates below zero after Fed Chair Jerome ...
May 13, 2020
