Category Archives: Syndicated
China allows asset investment companies to conduct asset management business
BEIJING (Reuters) - China has allowed asset investment companies (AIC) to conduct asset management business to invest in debt-to-equity assets as regulators seek to expand equity financing and reduce ...
May 06, 2020
Virgin Money profits erased by coronavirus provision
LONDON (Reuters) - Virgin Money swung to a first-half loss after setting aside 232 million pounds ($288 million) to handle loans likely to turn sour as a result of the coronavirus crisis. The bank, wh...
May 06, 2020
Give us first-hand information to fight virus, Taiwan asks WHO
By Ben Blanchard TAIPEI (Reuters) - Taiwan's health minister asked the World Health Organization (WHO) on Wednesday to ensure the island had access to first-hand information about the coronavirus, say...
May 06, 2020
German federal government and states agree on way to ease lockdown: draft document
BERLIN (Reuters) - The German federal government and the states have agreed that all shops and amateur open-air sports can restart under certain conditions and states will each decide on a gradual ope...
May 06, 2020
No constitutional court can decide what ECB does: Italy PM tells paper
ROME (Reuters) - The independence of the European Central Bank is key to the foundations of the European Union and no constitutional court should decide what it can or cannot do, Italy's Prime Ministe...
May 06, 2020
BMW reports first-quarter profit rise as coronavirus saps demand
FRANKFURT (Reuters) - BMW AG on Wednesday reported a 133% rise in first-quarter operating profit, due to the absence of a one-off provision in the year-earlier period, but said the impact of the coron...
May 06, 2020
Virus-hit corporate profits seen sliding further in Europe
LONDON (Reuters) - Corporate profits expectations for the second and third quarters continued to deteriorate sharply in Europe, Refinitiv data showed on Wednesday, as fears about the scale of the rece...
May 06, 2020
WTA chief says merger with ATP would not be ‘acquisition’
MUMBAI (Reuters) - Women's Tennis Association (WTA) chief Steve Simon has said a merger with the men's ATP "makes all the sense in the world" but that it would not take the form of "an acquisition". T...
May 06, 2020
Novo Nordisk profit beats expectations as stockpiling boosts sales
COPENHAGEN (Reuters) - Denmark's Novo Nordisk posted a better-than-expected quarterly operating profit on Wednesday and kept its full-year outlook, as customers stocking up during the coronavirus pand...
May 06, 2020
France’s BioMerieux launches product to identify coronavirus antibodies
PARIS (Reuters) - French diagnostics specialist BioMrieux announced on Wednesday the launch of a new product that aims to detect within 30 minutes the presence of antibodies in those exposed to the co...
May 06, 2020
