Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
World Bank pandemic bonds will funnel $196 million to 64 poor countries
LONDON (Reuters) - A World Bank pandemic funding programme will see $195.84 million distributed as soon as next week among 64 of the world's poorest countries that have reported cases of COVID-19 to h...
Apr 27, 2020
No ‘V-shaped’ recovery for U.S. economy likely without more stimulus: White House adviser
WASHINGTON (Reuters) - The U.S. economy needs another, fourth stimulus bill that could push it to take off again in what is commonly called a "V-shaped recovery," one of the top White House advisers c...
Apr 27, 2020
Tesla drops plan to recall some workers to California plant this week: Bloomberg News
(Reuters) - Tesla Inc has called off having at least some employees return to its Fremont, California plant this week and plans to bring them back the day after a local shelter-in-place order is sched...
Apr 27, 2020
DoubleLine’s Gundlach says U.S. stocks to take out recent lows: CNBC interview
NEW YORK (Reuters) - The U.S. stock market has recovered because of the Federal Reserve's actions but a retest of the recent lows is possible, Jeffrey Gundlach, chief executive of DoubleLine Capital s...
Apr 27, 2020
Mexican economy likely shrank 1.7% in first quarter: Reuters poll
MEXICO CITY (Reuters) - Mexico's gross domestic product likely contracted in the first quarter of this year as the coronavirus pandemic put the brakes on economic activity, a Reuters poll showed on Mo...
Apr 27, 2020
BoE says UK state credit guarantees should limit banks’ loan risks
LONDON (Reuters) - The British government's 80% guarantees to banks for emergency coronavirus-related lending to companies should generally reduce the amount of capital banks need to cover loans that ...
Apr 27, 2020
Mexico’s March jobless rate distorted by coronavirus constraints
MEXICO CITY (Reuters) - Mexico's unemployment rate fell in March, official data showed on Monday, but experts said the true figure was likely higher than reported due to restrictions on data collectio...
Apr 27, 2020
IMF calls for Mideast sovereign wealth funds to boost local economies
By Davide Barbuscia DUBAI (Reuters) - Sovereign wealth funds in the Middle East should be used to boost growth, an International Monetary Fund (IMF) official said on Monday, as regional economies stru...
Apr 27, 2020
Airbus to furlough 3,200 staff at Broughton factory in Wales
LONDON (Reuters) - Airbus will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survi...
Apr 27, 2020
Fiat Chrysler resumes van production in Atessa, some other Italian operations
MILAN (Reuters) - Fiat Chrysler resumed van production on Monday at its Atessa plant in central Italy, a week before the country plans to start lifting a national lockdown put in place to limit the sp...
Apr 27, 2020
