Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
China will allow more foreign investors to invest in listed firms: state media
BEIJING (Reuters) - China's cabinet said on Wednesday it will allow more qualified foreign investors to make strategic investment in Chinese listed companies, state television reported. China will ste...
Sep 23, 2020
Tesla’s ‘Battery Day’ drives reality check for recent share surge
(Reuters) - Tesla Inc faced a stock market reality check on Wednesday after a much hyped "Battery Day" event which Wall Street analysts judged chiefly for its omissions and hazy delivery deadlines. In...
Sep 23, 2020
SEB money-laundering problems ‘not new’, says Swedish FSA
STOCKHOLM (Reuters) - Sweden's financial watchdog said on Wednesday that it was well known that lender SEB had past deficiencies regarding money-laundering in the Baltics after Swedish Television (SVT...
Sep 23, 2020
Baking, cereal demand boosts General Mills’ sales, shares rise
(Reuters) - General Mills Inc beat sales and profit estimates for the first quarter on Wednesday, as people stuck at home due to the COVID-19 pandemic stocked up on its baking products and cereals. Sh...
Sep 23, 2020
Exclusive: Hyundai in talks with EU on concessions over Daewoo deal – sources
BRUSSELS (Reuters) - World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd are in talks with EU antitrust regulators on concessions to allay competition concerns about its $1.8 billi...
Sep 23, 2020
KKR to buy online contact lens retailer 1-800 Contacts
(Reuters) - KKR & Co Inc has agreed to acquire 1-800 Contacts from investment firm AEA Investors LP, the online contact lens retailer announced on Wednesday, in a deal that a source said was worth mor...
Sep 23, 2020
Pandemic slashes worldwide income from work by a tenth: ILO
By Stephanie Nebehay GENEVA (Reuters) - Income earned from work worldwide dropped by an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the...
Sep 23, 2020
German cabinet approves second-highest net new debt in 2021 budget
By Michael Nienaber BERLIN (Reuters) - The German cabinet on Wednesday approved Finance Minister Olaf Scholz's draft budget for next year which envisages net new debt of 96.2 billion euros ($112.6 bil...
Sep 23, 2020
Futures rise ahead of business activity data; Nike shines
By Sagarika Jaisinghani (Reuters) - U.S. stock index futures rose on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike ...
Sep 23, 2020
Asian suppliers’ shares slip on Tesla’s cheaper battery plan
By Hyunjoo Jin and Yilei Sun SEOUL/SHANGHAI (Reuters) - Shares of Asian battery suppliers fell on Wednesday after Tesla Inc outlined a plan to halve the cost of its electric vehicle batteries and brin...
Sep 23, 2020
