Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Qualcomm loses fight against EU antitrust regulators’ data demand
By Foo Yun Chee BRUSSELS (Reuters) - Qualcomm on Thursday lost its fight against a data demand from EU antitrust regulators after Europe's top court reaffirmed the regulators' right to see it, in a ca...
Jan 28, 2021
Electric vehicle firm Faraday Future to go public through $3.4 billion SPAC deal
(Reuters) - Electric vehicle maker Faraday Future has agreed to go public through a merger with blank-check firm Property Solutions Acquisition Corp in a deal valuing the combined entity at $3.4 billi...
Jan 28, 2021
Exclusive: China likely to avoid setting 2021 GDP target over debt concerns, sources say
By Kevin Yao BEIJING (Reuters) - China will likely avoid setting a 2021 growth target, dropping the closely watched measure for a second straight year on concerns that maintaining one could encourage ...
Jan 28, 2021
GameStop slugfest spreads as calls for probe build
By Sagarika Jaisinghani and Nikhil Nainan (Reuters) - The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia on Thursday, with surges in ...
Jan 28, 2021
BaFin says suspects employee of Wirecard insider-trading
FRANKFURT (Reuters) - Germany's financial watchdog BaFin said on Thursday it had filed a criminal complaint against one of its employees for suspected insider trading in collapsed payments company Wir...
Jan 28, 2021
No review into workers’ rights, says UK business minister
LONDON (Reuters) - Britain will no longer hold a review into workers' rights, business minister Kwasi Kwarteng said, reiterating that the government will not water down employment protections but inst...
Jan 28, 2021
Norway wealth fund earned $123 billion in 2020 despite pandemic
OSLO (Reuters) - Norway's $1.3 trillion sovereign wealth fund, the world's largest, earned a return on investment of 10.9% in 2020, or 1.07 trillion Norwegian crowns ($122.7 billion), it said as it re...
Jan 28, 2021
Exclusive: Regulators press Deutsche Bank CEO to drop investment bank role – sources
By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) - Regulators are pressing Deutsche Bank CEO Christian Sewing to relinquish day-to-day oversight of its sprawling investment bank, two people with kno...
Jan 28, 2021
Prudential to split off U.S. business Jackson, eyes $2.5-3 billion capital raise
LONDON (Reuters) - British life insurer Prudential said on Thursday it would separate its U.S. business Jackson through a demerger to better focus on Asian and African markets, while adding it was con...
Jan 28, 2021
Germany will mobilize up to 50 billion eur more state aid for firms
BERLIN (Reuters) - Germany has the fiscal strength to mobilize further state aid of up to 50 billion euros ($60.5 billion) for companies affected by the second coronavirus lockdown, Economy Minister P...
Jan 28, 2021
