Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Bostic: ‘Not a big fan’ of negative interest rates
WASHINGTON (Reuters) - Atlanta Federal Reserve bank president Raphael Bostic said he is "not a big fan" of negative interest rates. Negative rates are "among the weaker tools in the toolkit," Bostic s...
May 11, 2020
California should do whatever’s needed to help Tesla reopen car factory: Mnuchin
By Tina Bellon (Reuters) - California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday. H...
May 11, 2020
Exclusive: Brazil bank Banrisul aims to sell card business, close to hiring JPMorgan – sources
By Tatiana Bautzer and Carolina Mandl SAO PAULO (Reuters) - Brazilian state-controlled bank Banrisul is in talks to sell its card business, as its controlling shareholder, the state of Rio Grande do S...
May 11, 2020
Pandemic could rip 105 billion pound hole in small company finances
LONDON (Reuters) - Britain's smaller companies could be saddled with up to 105 billion pounds ($129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial servi...
May 11, 2020
U.S. consumer watchdog issues exemptions for banks, credit unions on remittances
WASHINGTON (Reuters) - The U.S. consumer watchdog on Monday issued a new rule that permanently allows certain banks and credit unions to disclose estimates for the international remittance fees they c...
May 11, 2020
Mexico central bank seen cutting key rate to lowest level since 2016: Reuters poll
By Miguel Gutierrez MEXICO CITY (Reuters) - Mexico's central bank is expected to again cut its benchmark interest rate on Thursday, responding to the economic toll of the coronavirus and reduced press...
May 11, 2020
Turkish regulator drops days-old FX trading ban on UBS, Citi, BNP
ISTANBUL (Reuters) - Turkey's BDDK bank regulator is dropping a trading ban imposed last week on UBS, Citigroup and BNP Paribas because they have fulfilled foreign exchange obligations promptly, accor...
May 11, 2020
KKR builds 5.2% stake in ProSieben, says company undervalued
BERLIN (Reuters) - Private equity investor KKR said on Monday it had acquired a stake of 5.2% in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 20...
May 11, 2020
Shale pioneer Chesapeake considers bankruptcy filing after oil rout
By Shariq Khan (Reuters) - Chesapeake Energy Corp said on Monday it is no longer able to access financing and is considering a bankruptcy court restructuring of its over $9 billion debt if oil prices ...
May 11, 2020
British aviation bosses warn quarantine plans will damage sector
LONDON (Reuters) - Britain's plans for travellers to quarantine for 14 days after arriving in the country will worsen an already grave situation for the aviation sector, industry leaders said on Monda...
May 11, 2020
