Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
German finance minister expects public debt to peak at 80% of GDP
BERLIN (Reuters) - Finance Minister Olaf Scholz said on Monday he expected public debt to reach around 80% of Germany's economic output by the end of the coronavirus crisis, the level it reached at th...
Sep 21, 2020
Norway rates seen on hold at zero, but outlook may change – Reuters poll
By Terje Solsvik OSLO (Reuters) - Norway's central bank is expected to keep its key interest rate at a record low zero percent this week, a Reuters poll found on Monday, leaving many economists to foc...
Sep 21, 2020
Swiss second quarter current account surplus halves to 9.88 billion Sfr
ZURICH (Reuters) - Switzerland's current account surplus shrank to 9.88 billion Swiss francs ($10.86 billion) in the second quarter of 2020, the Swiss National Bank said on Monday, less than half the ...
Sep 21, 2020
Rolls-Royce shares hit 2004 low over mooted $3 billion equity raise
LONDON (Reuters) - Shares in Rolls-Royce sunk to their lowest level since 2004 after the British aero-engine company confirmed it was considering a rights issue of up to 2.5 billion pounds ($3.23 bill...
Sep 21, 2020
Grenke’s founder suspends board seat in wake of critical report
FRANKFURT (Reuters) - German leasing business Grenke said on Monday that its founder Wolfgang Grenke would temporarily give up his seat on the supervisory board in the wake of a critical report by a s...
Sep 21, 2020
German economy minister says EU will support steelworkers
BERLIN (Reuters) - German Economy Minister Peter Altmaier said the European Union would support steelworkers through the transition to environmentally-friendly manufacturing, even though this would be...
Sep 21, 2020
AF-KLM must ‘do much more’ to reduce its costs – CEO
PARIS (Reuters) - Air France-KLM must "do much more" to reduce its costs due to the COVID-19 induced crisis in the airline sector, chief executive Ben Smith said in an interview published on Monday by...
Sep 21, 2020
Lockdown worries knock European stocks lower, HSBC tumbles
(Reuters) - European stocks headed lower for a third straight session on Monday, hit by worries about a surge in coronavirus cases in the continent and a slide in HSBC and Standard Chartered following...
Sep 21, 2020
China needs first mover advantage in digital currency race: PBOC magazine
SHANGHAI (Reuters) - China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commen...
Sep 21, 2020
Spain faces unusual problem: how to spend billions in crisis funds
By Beln Carreo MADRID (Reuters) - After securing a generous portion of European Union recovery funds for the coronavirus crisis, Spain faces an unlikely problem -- how to make use of all the money, go...
Sep 21, 2020
