Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Citigroup’s next CEO has Herculean task: turning the bank around for real
By Imani Moise and Svea Herbst-Bayliss NEW YORK (Reuters) - When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her. Citigroup, the third-largest U.S. l...
Sep 11, 2020
EU governments and ECB have more to do to overcome crisis, Lagarde says
FRANKFURT (Reuters) - Europe's recovery from a deep recession is incomplete and uneven so there is no room for complacency by governments or the European Central Bank, ECB President Christine Lagarde ...
Sep 11, 2020
Exclusive: Vingroup weighs selling school, health units, sources say, as Vietnam’s biggest firm refocuses
By Phuong Nguyen and James Pearson HANOI (Reuters) - Vietnam's Vingroup is considering selling controlling stakes in its medical and education units, two sources with direct knowledge said, although t...
Sep 11, 2020
Prada says China sales to date largely exceed 2019 levels
MILAN (Reuters) - Luxury goods group Prada's sales in China have recovered strongly since shops reopened there and to date are well above last year's levels, Chief Executive Patrizio Bertelli told Reu...
Sep 11, 2020
As U.S. cracks down on more Chinese firms, global banks scramble to manage risk
By Sumeet Chatterjee HONG KONG (Reuters) - The sharp expansion of U.S. actions to hobble Chinese firms in recent weeks has sparked a rush by global lenders to pare back exposure to the companies and t...
Sep 11, 2020
Goldman Sachs raises global equities to ‘overweight’
LONDON (Reuters) - Goldman Sachs said it had upped global equity allocations to "overweight" for the next three months after a recent market pullback, citing an inflection in earnings growth and catch...
Sep 11, 2020
Morgan Stanley hikes chance of WTO-style Brexit to 40%
LONDON (Reuters) - Investment bank Morgan Stanley has ramped up the risk of Britain and the European Union flopping onto World Trade Organisation terms to 40% from 25%, after the UK signalled a willin...
Sep 11, 2020
ECB may let some banks pay dividends after December, Mersch says
FRANKFURT (Reuters) - The European Central Bank will in December revisit its recommendation for euro zone banks to not pay dividends and may move to a more flexible, case-by-case approach, ECB board m...
Sep 11, 2020
Philippines probes 57 persons of interest over Wirecard scandal
MANILA (Reuters) - Philippine authorities are investigating 57 foreign and local "persons of interest" potentially involved in a scandal at German payments firm Wirecard AG , an official at the countr...
Sep 11, 2020
European countries call for EU stablecoin regulation
BERLIN (Reuters) - Germany, France, Italy, Spain and the Netherlands on Friday backed the European Commission's goal to draw up regulation for asset-backed crypto assets such as stablecoins, according...
Sep 11, 2020
