Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Chip shortage weighs on car sector recovery – Volkswagen CEO
FRANKFURT (Reuters) - An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Vo...
Apr 15, 2021
Daimler’s Spanish unit can be liable for cartel damages, EU court adviser says
BRUSSELS (Reuters) - Daimler's Spanish unit can be liable for damages sought by companies affected by the German carmaker's role in a truck cartel sanctioned by EU antitrust regulators five years ago,...
Apr 15, 2021
German economy shrank 1.8% in first quarter due to COVID lockdown – institutes
BERLIN (Reuters) - The German economy probably shrank by 1.8% on the quarter in the first three months of this year due to COVID-19 restrictions, leading economic institutes said on Thursday as they r...
Apr 15, 2021
Japanese banking association calls for post-Archegos vigilance
TOKYO (Reuters) - Japanese banks must be on the lookout for cases similar to the collapse of Archegos Capital Management, the head of the country's banking lobby group said on Thursday. The New York i...
Apr 15, 2021
Cathie Wood’s Ark funds bought $246 million Coinbase shares
LONDON (Reuters) - Cathie Wood's Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange's Nasdaq debut on Wednesday, according to the firm's daily trade summary. A chunk...
Apr 15, 2021
Earnings, metal rally spur record high for European stocks
(Reuters) - European stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of COVID-19 vaccination in th...
Apr 15, 2021
China’s first quarter GDP growth seen hitting record 19% as domestic, global demand recovers: Reuters poll
BEIJING (Reuters) - China's economy likely grew at record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and as policy suppor...
Apr 15, 2021
Facebook signs first deal to buy renewable energy in India
SINGAPORE (Reuters) - Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project, the social media giant's first such deal in the South Asian nation, the compan...
Apr 15, 2021
Fujifilm says to invest $11 billion over 3 years to speed healthcare, materials segments growth
TOKYO (Reuters) - Fujifilm Holdings Corp said on Thursday it plans to invest 1.2 trillion yen ($11.02 billion) over three years to accelerate growth in healthcare and its highly-functional materials b...
Apr 15, 2021
Hyundai Motor Group plans to launch EVs in China every year starting 2022
SEOUL (Reuters) - South Korea's Hyundai Motor Group said on Thursday it plans to launch electric vehicles (EVs) in China every year starting 2022 to enhance its presence in the world's biggest car mar...
Apr 15, 2021
