Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Explainer: How China’s retail investor army got burned by the shock oil collapse
By Emily Chow and Cheng Leng SHANGHAI/BEIJING (Reuters) - China's retail investors take punts on everything from mainstream stocks to niche commodities and derivatives, and many were badly burned this...
Apr 24, 2020
Global oil supply to fall 6% by 2030 due to delayed projects: data
By Shadia Nasralla LONDON (Reuters) - Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coron...
Apr 24, 2020
S&P revises down credit rating outlook for Japan’s megabanks
TOKYO (Reuters) - S&P Global Ratings on Friday revised to stable from positive its credit rating outlook for Japan's three major banking groups, as the economic strain from the coronavirus pandemic pu...
Apr 24, 2020
Japan may need scheme to inject funds into ailing firms, says LDP lawmaker
By Yoshifumi Takemoto TOKYO (Reuters) - Japan's government and central bank may need to set up a special purpose vehicle to inject capital into companies hit by the coronavirus pandemic, an influentia...
Apr 24, 2020
AmEx quarterly profit plunges 76%
(Reuters) - Credit card issuer American Express Co posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses stemming from the coronavirus outbreak. T...
Apr 24, 2020
German economy to shrink by more than 6% this year: government source
BERLIN (Reuters) - The German economy will contract by more than 6% this year, a government source told Reuters on Friday, which would be a post-World War Two record. The economy will rebound from the...
Apr 24, 2020
Eight Thai airlines seek $770 million government assistance
BANGKOK (Reuters) - Thailand's budget and full-service carriers are seeking soft-loans worth 25 billion baht ($770.65 million) from the government to support their businesses amid the coronavirus outb...
Apr 24, 2020
Denmark says $8 billion tunnel link to Germany will begin construction in January 2021
By Andreas Mortensen COPENHAGEN (Reuters) - Construction of the world's longest immersed tunnel connecting Denmark and Germany will begin in January next year, the Danish transport minister said on Fr...
Apr 24, 2020
BofA sees STOXX 600 gaining a further 20% by August
LONDON (Reuters) - The pan-European STOXX 600 index is expected to gain a further 20% and hit 400 points by August, while business activity sentiment in the region could rise back to above 50 by the t...
Apr 24, 2020
Big Oil investors to look past earnings pain and focus on dividends
By Ron Bousso and Jennifer Hiller LONDON/HOUSTON (Reuters) - Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to sa...
Apr 24, 2020
