Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Investors back overhaul of Australian mining sector following caves inquiry
By Melanie Burton MELBOURNE (Reuters) - Rio Tinto's legal destruction of ancient Australian rockshelters showed the mining sector was exposed to material investment risks without more reforms, institu...
Dec 11, 2020
Zurich to buy MetLife U.S. property and casualty business for $3.94 billion
ZURICH (Reuters) - Zurich Insurance said its subsidiary Farmers Group and Farmers Exchanges had agreed to acquire MetLife's property and casualty business in the U.S. for $3.94 billion. The transactio...
Dec 11, 2020
Exclusive: ‘Avoid getting caught’ – report details how Carlsberg, SABMiller and UB fixed beer prices in India
By Aditya Kalra NEW DELHI (Reuters) - Top executives of Carlsberg, SABMiller and India's United Breweries (UB) exchanged commercially sensitive information and colluded to fix beer prices in India ove...
Dec 11, 2020
Oil price rally builds steam as coronavirus vaccine rollouts begin
By Aaron Sheldrick TOKYO (Reuters) - Oil rose on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes ...
Dec 10, 2020
Pop Mart shares jump 100% in Hong Kong IPO debut
By Scott Murdoch and Donny Kwok HONG KONG (Reuters) - Pop Mart shares opened 100% higher in its Hong Kong stock market debut on Friday after the Chinese toy maker raised $676 million in an initial pub...
Dec 10, 2020
Cuba announces first peso devaluation since revolution from January
By Marc Frank HAVANA (Reuters) - Cuba said late on Thursday it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rate system in ...
Dec 10, 2020
Hyundai Motor Group chairman, units to buy Boston Dynamics from SoftBank for up to $828 million: source
SEOUL (Reuters) - Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp for around 800 billion won to 900 billion won ($736...
Dec 10, 2020
Japan to spend $3.7 billion in budget reserves to back travel campaign
TOKYO (Reuters) - Japan's Cabinet has decided to spend 385.6 billion yen ($3.71 billion) in emergency budget reserves to back the country's domestic travel campaign, the Ministry of Finance said on Fr...
Dec 10, 2020
China auto sales to hit 25 million units this year: industry body
BEIJING/SHANGHAI (Reuters) - China's vehicle sales are likely to hit 25 million units this year, an industry body said, as the world's biggest vehicle market continued to lead the global auto industry...
Dec 10, 2020
Sterling slips in Brexit countdown, Aussie rallies
By Tom Westbrook SINGAPORE (Reuters) - Sterling was set to snap five weeks of gains with a slump on Friday, as leaders on both sides of Brexit trade talks sounded doubtful about finding a resolution, ...
Dec 10, 2020
