Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Airlines mull empty seats and masks for coronavirus recovery
By Sarah Young and Laurence Frost LONDON/PARIS (Reuters) - Wizz Air is making plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced conc...
Apr 14, 2020
Fed’s Bullard: Shutdown cannot be sustained forever; restart hinges on risk management
WASHINGTON (Reuters) - The economic shutdown due to the coronavirus pandemic is costing the U.S. perhaps $25 billion a day in lost output and cannot be sustained indefinitely, St. Louis Federal Reserv...
Apr 14, 2020
Barclays delays incentive payments to CEO, CFO due to coronavirus
LONDON (Reuters) - Barclays is delaying the release of portions of Chief Executive Jes Staley and Chief Financial Officer Tushar Morzaria's bonuses in light of the new coronavirus pandemic, it said on...
Apr 14, 2020
Factbox: Global economic policy response to coronavirus crisis
LONDON (Reuters) - Governments and central banks around the world have unleashed unprecedented fiscal and monetary stimulus and other support for economies floored by the coronavirus pandemic. The G20...
Apr 14, 2020
Exclusive: Saudi Aramco in talks with banks to borrow about $10 billion – sources
By Yousef Saba, Clara Denina and Davide Barbuscia DUBAI/LONDON (Reuters) - Saudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance ...
Apr 14, 2020
Trump to make announcements on reopening U.S. economy in next day or two: adviser
WASHINGTON (Reuters) - President Donald Trump will make a number of "key, vital" announcements about re-opening the U.S. economy in the next day or two, his top economic adviser said on Tuesday. "In t...
Apr 14, 2020
Pandemic exposing ‘cracks’ in financial system, bank losses ‘likely’: IMF
By Pete Schroeder WASHINGTON (Reuters) - The novel coronavirus outbreak has exposed "cracks" in the global financial system and "will likely" see banks suffer both credit losses and market losses that...
Apr 14, 2020
U.S. awards airports $10 billion in grants amid travel falloff
By David Shepardson WASHINGTON (Reuters) - The U.S. Transportation Department on Tuesday awarded nearly $10 billion to U.S. airports struggling with a massive falloff in travel demand because of the c...
Apr 14, 2020
Rolex joins leading watchmakers withdrawing from Baselworld fair
ZURICH (Reuters) - Rolex, Patek Philippe and Chanel will not exhibit at MCH Group's Baselworld watch and jewellery trade show in 2021, they said on Tuesday, another blow to the flagging event that has...
Apr 14, 2020
Boeing 737 MAX cancellations mount amid production halt
(Reuters) - Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsens disruptions from the grounding of its best-selling jet. The U.S....
Apr 14, 2020
