Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
South Africa’s SAA faces wind-down or liquidation, rescue team says
JOHANNESBURG (Reuters) - Specialists appointed to try to save state-owned South African Airways (SAA) said on Thursday that they had no further funds for rescue efforts and that the two remaining opti...
Apr 23, 2020
‘Plain robbery’: Lebanese fume as dollar savings hit by financial crisis
By Eric Knecht and Imad Creidi BEIRUT (Reuters) - Ziad Abdallah has watched with growing alarm as Lebanon's financial meltdown has threatened the savings he spent 25 years building up in his dollar ac...
Apr 23, 2020
Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending
(Reuters) - Hershey Co pulled its 2020 forecast on Thursday and warned of weak sales in certain categories as households worried about their financial futures cut spending on snacks and chocolates. Th...
Apr 23, 2020
Developing world needs $1 trillion debt write-off: U.N. agency
JOHANNESBURG (Reuters) - Around $1 trillion of debt owed by developing countries should be cancelled under a global deal to help them overcome the economic fallout of the COVID-19 pandemic, the United...
Apr 23, 2020
U.S. Treasury says will be hard for public companies to qualify for coronavirus relief loans
WASHINGTON (Reuters) - A highly-valued public company will have a hard time getting a coronavirus relief loan, the U.S. Treasury on Thursday said, just as Congress was poised to approve a new round of...
Apr 23, 2020
Some Americans going back to work, even as virus erases more jobs
By Ann Saphir and Susan Heavey (Reuters) - Some workers in Georgia and other U.S. states prepared to go back to work for the first time in a month, as data released on Thursday showing soaring unemplo...
Apr 23, 2020
ECB warns EU leaders of doing too little, too late about coronavirus effects
BRUSSELS (Reuters) - The head of the European Central Bank Christine Lagarde warned European Union leaders on Thursday about the risk of doing too little and too late to shield the economy from the ef...
Apr 23, 2020
Bezos, Musk among billionaires gaining net worth in pandemic: report
(Reuters) - The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, accordi...
Apr 23, 2020
ECB’s Lagarde tells EU leaders: coronavirus can cut 15% of output: source
BRUSSELS (Reuters) - European Central Bank Governor Christine Lagarde told EU leaders on Thursday that the coronavirus pandemic could cut up to 15% of their economic output, a diplomatic source said. ...
Apr 23, 2020
EBRD adds 3 billion euros to coronavirus support package
LONDON (Reuters) - The European Bank for Reconstruction and Development (EBRD) said on Thursday it would boost its support package by 3 billion euros to help stricken companies and councils across its...
Apr 23, 2020
