Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Huawei chip unit orders up more domestic production as U.S. restrictions loom: sources
By Josh Horwitz SHANGHAI (Reuters) - Huawei Technologies Co Ltd is gradually shifting production of chips designed in-house away from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and towards a mai...
Apr 16, 2020
Cash-strapped Thais rush to sell gold as coronavirus hits economy
By Jiraporn Kuhakan and Satawasin Staporncharnchai BANGKOK (Reuters) - Cash-strapped Thais rushed to sell gold in Bangkok's Chinatown, on Thursday, cashing in on a surge in the price of the precious m...
Apr 16, 2020
Argentina’s fledgling lithium sector clipped by coronavirus
By Marina Lammertyn BUENOS AIRES (Reuters) - Argentina's fledgling lithium sector has been torpedoed by the global spread of coronavirus, with operations stalled by a nationwide crackdown and some pro...
Apr 16, 2020
Futures gain ahead of earnings reports, jobless claims
By Medha Singh (Reuters) - U.S. stock index futures edged higher on Thursday, with investors weighing the prospects of the economy re-opening against worsening macroeconomic data and dour first-quarte...
Apr 16, 2020
BlackRock quarterly profit falls 23%
(Reuters) - BlackRock Inc , the world's largest asset manager, reported a 23% drop in quarterly profit, as investors pulled money out of its marquee funds and preferred cash management services, while...
Apr 16, 2020
ECB braces for large economic contraction, Lagarde tells peers
FRANKFURT (Reuters) - The European Central Bank is bracing for a "large contraction" in the euro zone economy and, at least initially, falling inflation, ECB President Christine Lagarde told financial...
Apr 16, 2020
Bentley extends UK production shutdown by three weeks over coronavirus
LONDON (Reuters) - Luxury carmaker Bentley is extending its plant shutdown by three weeks and will begin gradually reopening from May 11, as coronavirus lockdown measures remain in place in Britain. T...
Apr 16, 2020
Uber Eats sees grocery orders jump in locked down Europe
By Paul Sandle LONDON (Reuters) - Uber Eats said orders for grocery delivery on its platform jumped 59% across Europe in March compared with February as countries locked down to fight the coronavirus,...
Apr 16, 2020
Asian lenders lag in Libor transition, virus adds to delays
By Alun John HONG KONG (Reuters) - Few Asian banks will be able to make loans this year using new rates designed to replace Libor benchmarks, key software vendors say, leaving them facing a scramble a...
Apr 16, 2020
Canadian banks ease credit rules for energy companies to stave off defaults, bankruptcies
By Nichola Saminather and Jeff Lewis TORONTO (Reuters) - Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cove...
Apr 16, 2020
