Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
German engineering union says 77% of firms are in crisis mode or shut
BERLIN (Reuters) - German engineering union IG Metall said on Friday that 77% of firms it represents were in crisis or completely shut down - 10 percentage points more than in a survey it published be...
Apr 24, 2020
UBS ups estimates for COVID-19 insured losses to $30-60 billion
LONDON (Reuters) - Swiss bank UBS raised its estimates for COVID-19 insured losses to $30-60 billion from $20-40 billion on Friday, citing increasing uncertainty about non-U.S. business interruption c...
Apr 24, 2020
Britain has set tight deadline, not moving in talks: EU’s Barnier
BRUSSELS (Reuters) - The clock is ticking even more than before in talks on the future relationship between Britain and the European Union, but Britain is failing to move despite setting a tight timet...
Apr 24, 2020
Singtel secures $3 billion in bank credit for subsidiaries
SINGAPORE (Reuters) - Singapore Telecommunications' (Singtel) subsidiaries have secured close to $3 billion in bank credit facilities, it said on Friday. The deals include S$3.45 billion ($2.4 billion...
Apr 24, 2020
The cost of lockdowns in emerging markets
By Karin Strohecker LONDON (Reuters) - Measures to prevent the spread of coronavirus in developing countries come at a heavy cost to governments and citizens, raising poverty levels and government deb...
Apr 24, 2020
Verizon loses 68,000 wireless subscribers as coronavirus takes toll
(Reuters) - Verizon Communications Inc lost 68,000 phone subscribers who pay a monthly bill in the first quarter, as people stayed indoors due to lockdowns to halt the spread of the coronavirus. Analy...
Apr 24, 2020
Swedish FSA says risks to joining EU banking union
STOCKHOLM (Reuters) - Joining the banking union would create significant economic and political risks for Sweden, Sweden Financial Supervisory Authority said on Friday. "It is not possible for Sweden ...
Apr 24, 2020
Facebook’s big India deal portends a bruising time for SoftBank-backed Paytm
By Sankalp Phartiyal and Nupur Anand NEW DELHI/MUMBAI (Reuters) - Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India's...
Apr 24, 2020
Freeport-McMoRan posts first-quarter loss, cuts capex
(Reuters) - Freeport-McMoRan reported a quarterly loss on Friday, as production fell in South America and Indonesia, and the world's largest publicly traded copper producer cut its capex for the year....
Apr 24, 2020
Gold miners and funds shine, boosted by coronavirus safe-haven bid
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Shares of gold miners and funds dealing in the precious metal have rallied in recent weeks as the coronavirus crisis rocked global markets and ...
Apr 24, 2020
