Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Hand-holding in the pandemic: Wealth managers grapple with new reality
By Echo Wang, Sumeet Chatterjee and Simon Jessop NEW YORK/HONG KONG/LONDON (Reuters) - During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o'clock in the morning, ...
Apr 16, 2020
French town’s empty main street tells tale of virus impact
By Christian Hartmann STIRING-WENDEL, France (Reuters) - The COVID-19 outbreak forced Shirley Lind to close the hairdressing salon she runs in a French town near the German border. She has instead bee...
Apr 16, 2020
L’Oreal banks on cosmetics bounceback, citing Chinese pick-up
By Sarah White PARIS (Reuters) - Maybelline make-up manufacturer L'Oreal said on Thursday it was counting on a quick recovery in cosmetics demand once global lockdowns to combat the coronavirus pandem...
Apr 16, 2020
Explainer: The Russell index reconstitution is coming up. What is it?
By Chuck Mikolajczak NEW YORK (Reuters) - Market participants are beginning to gear up preparations for the annual reconstitution by FTSE Russell of its indexes at the end of June. The event often res...
Apr 16, 2020
Top House Republican says no ‘fig leaf’ on small business bill
WASHINGTON (Reuters) - The top Republican in the U.S. House of Representatives said on Thursday he saw no reason to give Democrats any concessions to secure funding to help small businesses grappling ...
Apr 16, 2020
G7 leaders committed to doing whatever it takes to ensure economies rebound: Canada
OTTAWA (Reuters) - The leaders of the Group of Seven industrialized nations on Thursday reaffirmed their pledge to take all necessary steps to ensure their economies recover from the coronavirus outbr...
Apr 16, 2020
Sales drop at Vuitton owner LVMH as virus forces store closures
PARIS/MILAN (Reuters) - Louis Vuitton owner LVMH on Thursday posted a 17% drop in comparable sales in the first quarter due to the coronavirus outbreak, as lockdowns imposed in Europe and elsewhere fo...
Apr 16, 2020
Argentine black market peso hits low, risk rises before debt proposal
By Cassandra Garrison and Walter Bianchi BUENOS AIRES (Reuters) - Argentina's black market peso and its official currency both hit new lows on Thursday ahead of the country's long-anticipated offer to...
Apr 16, 2020
IMF’s Georgieva underscores need to help emerging markets, reverse capital outflow
WASHINGTON (Reuters) - International Monetary Fund chief Kristalina Georgieva on Thursday urged governments and the private sector to do all they can to help emerging markets and developing countries ...
Apr 16, 2020
EU ministers to back looser rules to keep bank credit flowing to economy
BRUSSELS (Reuters) - European Union finance ministers are set to endorse a loosening of rules to allow banks to keep credit flowing to the economy as the coronavirus epidemic stifles business activity...
Apr 16, 2020
