Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Iron ore stretches gains on global steel demand recovery
By Enrico Dela Cruz (Reuters) - Iron ore prices in Asia pushed higher on Monday as strengthening global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite th...
Apr 19, 2021
Microsoft to invest $1 billion in Malaysia to set up data centres – Malaysian PM
KUALA LUMPUR (Reuters) - Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Sout...
Apr 19, 2021
Credit Suisse serves investors thin gruel as Wall Street feasts on deals
By Brenna Hughes Neghaiwi ZURICH (Reuters) - While Wall Street rivals feast off a boom in trading and deals, Credit Suisse is stuck in limbo. The collapse of Archegos, a U.S. investment fund, has left...
Apr 19, 2021
Goldman Sachs invests $69 million in Britain’s Starling Bank
LONDON (Reuters) - British digital bank Starling said on Monday that Goldman Sachs had invested 50 million pounds ($69 million) in the UK lender. The investment is an extension of Starling's oversubsc...
Apr 19, 2021
Explainer: What’s next for Jack Ma’s Ant Group after China orders revamp?
By Kane Wu HONG KONG (Reuters) - China has imposed a sweeping restructuring plan on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, t...
Apr 19, 2021
ABN Amro to settle money laundering probe for $574 million
AMSTERDAM (Reuters) -Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over money laundering allegations, which will im...
Apr 19, 2021
Renesas says plans to restore full production of fire-damaged chip plant by end-May
TOKYO (Reuters) - Renesas Electronics Corp, a major supplier of automotive semiconductors, said on Monday it plans to restore output lost to a fire by end-May after restarting production, relying on o...
Apr 19, 2021
The ‘metaverse’ bet: crypto-rich investors snap up virtual real estate
By Elizabeth Howcroft LONDON (Reuters) - What do you do with a $69 million artwork that doesn't physically exist? That's the question faced by the Singapore-based investor calling himself Metakovan, w...
Apr 19, 2021
Toyota says it will introduce 15 BEVs, expand electric lineup by 2025
TOKYO (Reuters) - Toyota Motor Corp said on Monday it will introduce 15 battery electric vehicle (BEV) models globally by 2025, expanding the automaker's electric vehicle lineup to achieve carbon neut...
Apr 19, 2021
Taiwan central bank says may revise up 2021 growth forecast
TAIPEI (Reuters) - Taiwan's central bank may again revise this year's growth forecast higher given the island's strong economic prospects, but will also keep an eye on whether the economy could overhe...
Apr 18, 2021
