Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK extends furlough scheme by a month to end of June: finance minister
LONDON (Reuters) - The United Kingdom has extended by a month until the end of June the furlough scheme for workers at companies hurt by the coronavirus outbreak, finance minister Rishi Sunak said. "I...
Apr 17, 2020
Half of announced North American oil cuts come from just three companies
By Arathy S Nair and Shanti S Nair (Reuters) - Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just th...
Apr 17, 2020
Gilead’s shares rise on report of experimental drug’s promise in COVID-19
(Reuters) - Shares of Gilead Sciences Inc rose 10% in early trading on Friday after a report that patients with COVID-19 treated with the company's experimental drug, remdesivir, in a clinical trial s...
Apr 17, 2020
NY Fed’s Williams says economic pain likely to continue for ‘some time’
(Reuters) - The shutdowns enacted to slow the spread of the coronavirus are likely to put a damper on the U.S. economy for some time, New York Federal Reserve Bank President John Williams said Friday ...
Apr 17, 2020
Fed’s Mester says economic reopening has to be done carefully, in stages
(Reuters) - Cleveland Federal Reserve Bank President Loretta Mester said the central bank is working to support market functioning and to shore up businesses so they can resume activity quickly when t...
Apr 17, 2020
Some life insurers hit pause on older Americans during coronavirus crisis
By Suzanne Barlyn (Reuters) - Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or impo...
Apr 17, 2020
Bank of Italy sees Italian economy contracting 5% in first quarter
ROME (Reuters) - Italian gross domestic product will contract by around 5% in the first quarter of this year from the previous three months as the economy is hit by a lockdown to try to contain the co...
Apr 17, 2020
U.S.’s Pompeo: Nations should rethink use of China’s Huawei amid coronavirus
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Friday said China's role in the global coronavirus pandemic is likely to force countries to rethink their telecommunications infrastructur...
Apr 17, 2020
Italy’s firms shake lockdown using shortcut in coronavirus law
By Giselda Vagnoni and Valentina Za ROME/MILAN (Reuters) - Weeks into Italy's coronavirus lockdown, thousands of Italian entrepreneurs have been given a bureaucratic shortcut to market. The government...
Apr 17, 2020
Chile’s economy, battered by 2019 protests, confronts coronavirus
SANTIAGO (Reuters) - Chiles export-driven economy, once the envy of Latin America, will see a painfully slow recovery after being battered by the one-two punch of mass protests in late 2019 and the sl...
Apr 17, 2020
