Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK watchdog bans Bitcoin-based products for retail investors
LONDON (Reuters) - Britain's financial watchdog said on Tuesday it will ban the sale to retail investors of products that track the price of cryptoassets like Bitcoin, saying most people lose money on...
Oct 06, 2020
Exclusive: EU exploring using bond auctions for pandemic-linked debt sales
By Yoruk Bahceli AMSTERDAM (Reuters) - The European Commission is exploring using auctions to sell bonds as it prepares to ramp up debt issuance to finance the European Union's post-pandemic recovery ...
Oct 06, 2020
Daimler to cut fixed costs by more than 20% by 2025
FRANKFURT (Reuters) - Daimler on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20% by 2025 compared with 2019 levels as part of a strategy overhaul ...
Oct 06, 2020
Insurers expect few clashes between EU and UK over capital rules
LONDON (Reuters) - Separate reviews in the European Union and Britain of capital requirements for insurers are likely to produce a similar set of rules for cross-border firms, insurers said on Tuesday...
Oct 06, 2020
Macy’s invests in online ‘buy now, pay later’ firm Klarna
By Supantha Mukherjee STOCKHOLM (Reuters) - Macy's , the largest U.S. department store operator, has signed a deal to invest in Swedish payments group Klarna, joining investors including rapper Snoop ...
Oct 06, 2020
NextEra’s Duke Energy bid faces plethora of regulatory hurdles
By David French NEW YORK (Reuters) - NextEra Energy Inc Chief Executive James Robo joked last week he does not pursue small acquisitions because the reward is not worth the "brain damage" of getting t...
Oct 06, 2020
UK hospitality trade warns of more than half a million job losses
By David Milliken LONDON (Reuters) - Britain's hospitality trade is likely to see more than half a million job losses after the government's furlough scheme ends this month, as local lockdowns and red...
Oct 06, 2020
Stock futures muted after S&P 500, Dow hit over two-week high
By Devik Jain (Reuters) - U.S. stock index futures were subdued on Tuesday as investors booked profits after a rally that sent the S&P 500 and the Dow to their highest levels in more than two weeks, w...
Oct 06, 2020
A ‘new normal’ for employee benefits? What it could look like
By Chris Taylor NEW YORK (Reuters) - During the past year, there is a good chance that you and your priorities changed significantly. The things you used to think were important are not so important a...
Oct 06, 2020
Germany’s Scholz expects quick recovery in most parts of economy
BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Tuesday he expected Europe's largest economy to recover quickly from the coronavirus crisis, though some sectors were likely to rebound f...
Oct 06, 2020
