Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Game Stop shares jump 11% as Redid trading mania calms
(Reuters) - Shares of videogame retailer Game Stop Corp jumped 11% in early deals on Monday even as recent social media-hyped trading hysteria in other stocks appeared to be fizzling out. Game Stop an...
Feb 08, 2021
Mainland China users of Clubhouse app say experiencing internet access disruptions
SHANGHAI (Reuters) - Mainland China users of the U.S. audio app Clubhouse said they were experiencing internet access disruptions, stoking concerns it had been blocked by China's so-called Great Firew...
Feb 08, 2021
Analysis: Food price spikes see inflation rear its head in emerging markets
By Karin Strohecker LONDON (Reuters) - For Cleanne Brito Machado, like millions of people in developing countries around the world, shopping for staple foods such as rice, beans, oil or potatoes now m...
Feb 08, 2021
Futures hit record high on stimulus hopes, speedy vaccine rollout
By Devik Jain and Shreyashi Sanyal (Reuters) - U.S. stock index futures hit a record high on Monday as investors were optimistic that a massive fiscal relief package and a rapid vaccination rollout wo...
Feb 08, 2021
Exclusive: EU to Hungary: change procurement to bar ‘systemic’ fraud from recovery stimulus
By Gabriela Baczynska BRUSSELS (Reuters) - The European Union's executive has told Hungary to reform its public procurement laws to curb systemic fraud before billions of euros from the EU pandemic re...
Feb 08, 2021
Morgan Stanley analysts initiate a long rouble position
LONDON (Reuters) - Morgan Stanley initiated a long Russian rouble position against a 50-50 basket of the dollar and the euro it said on Monday, targeting a 6% rise in the Russian currency. "We think i...
Feb 08, 2021
Once a ‘stonk,’ Hertz reveals dilemma companies face in Reddit frenzy
By Jessica DiNapoli, Mike Spector and Koh Gui Qing NEW YORK (Reuters) - Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc. Operating under bankruptcy protectio...
Feb 08, 2021
U.S. 10-yr yield rises to 1.2%, inflation expectations build
By Dhara Ranasinghe LONDON (Reuters) - A U.S. Treasury selloff gathered pace on Monday, with 10-year yields rising to 1.20% and inflation expectations at the highest since 2014 as investors priced an ...
Feb 08, 2021
Intesa CEO says wealth management sector too pricey for large deals
MILAN (Reuters) - Intesa Sanpaolo Chief Executive Carlo Messina said on Monday current valuations in the wealth management sector did not warrant large acquisitions, but Italy's biggest bank could loo...
Feb 08, 2021
Exclusive: Japan bank regulator surveying impact of coronavirus restrictions on local economies – sources
By Takahiko Wada TOKYO (Reuters) - Japan's banking regulator is surveying regional lenders on how local businesses are coping with new restrictions to contain COVID-19, as it seeks to forestall a spik...
Feb 08, 2021
