Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Diamond miner Alrosa reports 60% sales fall as coronavirus hits trade
MOSCOW (Reuters) - Russian diamond producer Alrosa on Friday reported a 60% fall in March sales versus a year earlier citing the spread of the coronavirus for the fall in demand. The virus also hit th...
Apr 10, 2020
China March new loans surge to $405 billion as coronavirus stimulus kicks in
By Judy Hua and Kevin Yao BEIJING (Reuters) - New bank lending in China climbed to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record, as the central bank pumped ...
Apr 10, 2020
Global oil output cuts held hostage to Mexican standoff
By Rania El Gamal and Vladimir Soldatkin DUBAI/MOSCOW (Reuters) - Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to seal an accord for a c...
Apr 10, 2020
Vietnam in talks to borrow $1 billion as budget deficit seen widening
HANOI (Reuters) - Vietnam plans to borrow $1 billion from foreign lenders this year, the Ministry of Finance said Friday, adding that the country's budget deficit is seen widening this year due to the...
Apr 10, 2020
Irish recipients of coronavirus wage subsidy surpass 200,000
DUBLIN (Reuters) - Over 200,000 Irish workers are now in receipt of a new wage subsidy scheme, Finance Minister Paschal Donohoe said on Friday, meaning the state is supporting nearly 30% of the labour...
Apr 10, 2020
Lufthansa’s Belgian carrier to receive state aid – media
By Marine Strauss BRUSSELS (Reuters) - Brussels Airlines, a Lufthansa subsidiary, will receive state aid, its president Etienne Davignon told Belgian newspaper La Libre Belgique as airlines around the...
Apr 10, 2020
Kering luxury goods billionaire Pinault agrees to pay cut
PARIS (Reuters) - Franois-Henri Pinault, the French billionaire chairman and CEO of luxury goods group Kering , has agreed to a pay cut in the latest example of top executives accepting lower salaries...
Apr 10, 2020
France has earmarked 20 billion euros for corporate bailouts: finance minister
PARIS (Reuters) - The French government has set aside 20 billion euros ($21.7 billion) to help big companies that need their capital base shored up by the state, Finance Minister Bruno Le Maire said o...
Apr 10, 2020
Japan auto industry seeks to avoid suspending operations, but worker safety priority
TOKYO (Reuters) - Japan's car industry will try to avoid suspending operations during the coronavirus pandemic, but worker safety takes priority, said its automakers' association, adding the industry ...
Apr 10, 2020
China says its trade faces unprecedented challenges due to coronavirus
BEIJING (Reuters) - China's foreign trade faces unprecedented challenges due to the coronavirus epidemic that has spread to more than 200 countries, China's assistant commerce minister said on Friday,...
Apr 10, 2020
