Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Pandemic won’t cause euro debt crisis, but a North-South divide
By Jan Strupczewski BRUSSELS (Reuters) - Euro zone government debt will surge this year on the coronavirus pandemic, but while another debt crisis is unlikely, large differences in indebtedness as cou...
Apr 22, 2020
Ships, trains, caves: Oil traders chase storage space in world awash with fuel
By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK (Reuters) - Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storag...
Apr 22, 2020
China’s equity funds outperform Asian peers in first quarter
By Patturaja Murugaboopathy and Tom Westbrook (Reuters) - China's equity funds topped Asia in price performance in the first quarter of 2020, Refinitiv Lipper data showed, owing to the resilience of t...
Apr 22, 2020
Pandemic reduces BOJ’s options in backstopping frail economy
By Leika Kihara TOKYO (Reuters) - The Bank of Japan is set to boost funding support for companies, but it will avoid cutting interest rates, sources say, as it could encourage people to step out of th...
Apr 21, 2020
China’s daily air passenger numbers up 7.9% in April vs March -aviation regulator
BEIJING (Reuters) - China's aviation regulator said on Wednesday daily transported air passenger numbers rose 7.9% this month, as of April 21, from March, but was only at 29% of the level seen a year ...
Apr 21, 2020
China’s NPL ratio to rise further in second-quarter but not at a fast pace: banking regulator
BEIJING (Reuters) - China's banking and insurance regulator said on Wednesday that the sector's bad loan ratio is 2.04%, and estimated it will continue to rise in the second quarter but not at a fast ...
Apr 21, 2020
South Korea’s Moon says to prepare third supplementary budget, hike subsidies to keep jobs
SEOUL (Reuters) - South Korea President Moon Jae-in said on Wednesday the government will prepare a third supplementary budget and sharply increase subsidies to keep more Koreans in jobs through the c...
Apr 21, 2020
Virgin Australia administrator to hold first creditors’ meeting on April 30
SYDNEY (Reuters) - Virgin Australia Holdings Ltd's administrators will hold the first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on recapitalizing the airline, th...
Apr 21, 2020
U.S. orders Chevron to ‘wind down’ Venezuela operations by December 1
By Matt Spetalnick and Daphne Psaledakis WASHINGTON (Reuters) - The Trump administration on Tuesday gave Chevron Corp , the last major U.S. oil company still operating in Venezuela, until Dec. 1 to "w...
Apr 21, 2020
Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal
By Joshua Franklin NEW YORK (Reuters) - Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, afte...
Apr 21, 2020
