Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China wants to work with foreign peers on anti-trust issues, central bank vice governor says
SHANGHAI (Reuters) - China's regulators want to step up exchanges with international counterparts and strengthen co-operation on anti-trust issues, data treatment and consumer protection, China's cent...
Jan 27, 2021
Hedge fund Melvin Capital has closed GameStop position: spokesman
BOSTON (Reuters) - Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop, has closed out the position and repositioned the portfolio, a ...
Jan 27, 2021
FedEx to relocate Hong Kong-based pilots to San Francisco to avoid quarantine: memo
(Reuters) - Freight carrier FedEx Corp will temporarily relocate its Hong Kong-based pilots to San Francisco because it expects the Asian financial capital to establish strict 14-day hotel quarantine ...
Jan 27, 2021
China 2020 fiscal spending up 2.8% y/y, revenue falls 3.9%
BEIJING (Reuters) - China's fiscal revenue fell 3.9% in 2020 from a year earlier, while expenditure rose 2.8%, the finance ministry said on Thursday, underscoring the difficulties in government financ...
Jan 27, 2021
Steven Cohen’s fund Point72 suffers 15% loss amid GameStop frenzy: NYT
(Reuters) - Billionaire investor Steven Cohen's Point72 Asset Management has suffered a nearly 15% loss this year due to a sudden surge in the shares of video-game retailer GameStop Corp, the New York...
Jan 27, 2021
Apple grabs 23.4% global smartphone market in fourth-quarter: IDC
SINGAPORE (Reuters) - Apple Inc cornered nearly a quarter of the global smartphone market over October-December and jumped to the top of the winner's tally, IDC data showed, as shipments surged 22%. T...
Jan 27, 2021
Oil slips on tightening COVID-19 curbs, especially in China
By Sonali Paul MELBOURNE (Reuters) - Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world's second-largest ...
Jan 27, 2021
Dollar rises as stock slump rattles investor confidence
By Stanley White TOKYO (Reuters) - The dollar extended gains against most currencies on Thursday as a stock market rout due to concerns about excessive valuations boosted safe-harbour demand for the U...
Jan 27, 2021
Venture Capital firm GGV raises $2.52 billion for latest funds
(Reuters) - Venture Capital firm GGV on Thursday said it raised $2.52 billion for its latest group of funds, making it its largest fund raising so far. The announcement follows several successful init...
Jan 27, 2021
Analysis: Chinese retail banks gain consumer lending clout as fintechs fall out of favour
BEIJING (Reuters) - Chinese banks are gearing up to seize back lost business in consumer loans from fintech players like Ant Group, emboldened by a regulatory sea change that is making them more compe...
Jan 27, 2021
