Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Alpha Bank picks Davidson Kempner as preferred bidder for $12 billion bad loans
ATHENS (Reuters) - Greece's Alpha Bank said on Monday that it picked U.S. investment fund Davidson Kempner as its preferred bidder to buy a 10.8 billion euros ($12.81 billion) portfolio of non-perform...
Nov 23, 2020
COVID-19 lockdown hurts Germany’s services sector: PMI
BERLIN (Reuters) - German service sector activity has contracted faster this month after restrictive measures were introduced to tame a second wave of COVID-19 infections, a survey showed on Monday. I...
Nov 23, 2020
Vaccine hopes drive European stocks higher
(Reuters) - European shares jumped on Monday as encouraging developments around a coronavirus vaccine spurred bets of a faster economic revival globally, even as a surge in infection rates clouded nea...
Nov 23, 2020
Factbox: Brexit and the City of London – what changes and when
LONDON (Reuters) - Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31. The EU is Britain's biggest financial...
Nov 23, 2020
Rush for emerging market company bonds as investors look beyond COVID-19
By Tom Arnold LONDON (Reuters) - Investors are buying up debt of everything from Brazilian airlines to Indian ports, hastened by a hunt for yield and default levels among emerging market companies bel...
Nov 23, 2020
UK’s Cineworld gets debt reprieve to ride out closures
(Reuters) - Britain's Cineworld Group said on Monday its lenders had agreed to waive its debt covenants until June 2022, and the company secured $450 million in new loans to ride out the coronavirus c...
Nov 23, 2020
Smelling blood, Huawei’s Chinese mobile rivals look to capitalise on its U.S. woes
By David Kirton SHENZHEN, China (Reuters) - Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, afte...
Nov 23, 2020
Pipe dreams leave U.S. energy firms caught in climate trap
By Stephanie Kelly, Devika Krishna Kumar and Jessica Resnick-Ault NEW YORK (Reuters) - In remote northern Michigan a propane shortage in early 2014 caused prices to nearly double, squeezing about half...
Nov 23, 2020
Indonesia says U.S. DFC will invest $2 billion in new sovereign wealth fund
JAKARTA (Reuters) - The U.S. International Development Finance Corporation has signed a letter of intent to invest $2 billion in Indonesia's new sovereign wealth fund, the Southeast Asian country's go...
Nov 23, 2020
Hong Kong, Singapore bubble delay highlights hurdles to travel recovery
By Aradhana Aravindan and John Geddie SINGAPORE (Reuters) - A delay to Asia's first travel bubble between Hong Kong and Singapore has hit the shares of their flag carriers and highlighted the challeng...
Nov 23, 2020
