Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)

By Yuka Obayashi TOKYO (Reuters) - Kobe Steel Ltd , Japan's No.3 steelmaker, said on Monday it will cut capital expenditure by a third after one-off charges and weaker demand in steel and aluminium ev...

(Reuters) - Concerns that extended factory lockdowns and social distancing rules will dent company profits prompted analysts to cut forecasts for Asian companies' 2020 earnings by around 5.4% over the...

By Huw Jones LONDON (Reuters) - The European Union's banking watchdog should have barred its executive director from becoming the head of a banking lobby, the bloc's ombudsman said on Monday. The depa...

WARSAW (Reuters) - Recent interest rate cuts will reduce Bank Millennium's net interest income in 2020 by 160-190 million zloty ($38.06-45.20 million), the Polish lender's Chief Executive Joao Bras Jo...

BERLIN (Reuters) - German engineering industry association VDMA on Monday withdrew its 2020 production forecast for a decline of 5% as coronavirus hits the entire sector, but it said supply chain prob...

FRANKFURT (Reuters) - The impact of euro exchange rate movements on inflation has declined, and its impact on euro zone consumer prices is close to insignificant, fresh research from the European Cent...

ROME, May 11 (Reuters) - Italian industrial output plummeted 28.4% in March from the previous month, more than expected and the steepest drop on record, as a lockdown imposed to contain the coronaviru...

NEW YORK (Reuters) - Global average commercial insurance prices increased 14% in the first quarter, driven in part by rises in property insurance rates, insurance broker Marsh said in a report release...

AMSTERDAM (Reuters) - Passengers on all flights of KLM, the Dutch subsidiary of Air France KLM, must wear face masks during travel starting on Monday, the airline said in a statement. Like most major ...

By Yilei Sun and Brenda Goh SHANGHAI (Reuters) - China's Wuhan city is considering steps to support its biggest local automaker Dongfeng Motor Corp, according to a draft policy document reviewed by Re...