Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Kaplan says central bank needs to be conscious of financial stability risks
NEW YORK (Reuters) - The Federal Reserve needs to keep an eye on how its efforts to stabilize markets and promote stronger jobs growth could be encouraging some investors to take on excess debt and ot...
Aug 28, 2020
U.S. consumer spending beats expectations in July
WASHINGTON (Reuters) - U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to...
Aug 28, 2020
Exclusive: Germany seen revising upward its 2020 GDP forecast, says source
BERLIN (Reuters) - The German government is set to revise upward its economic growth forecast for this year to a decline of less than 6% from a previous estimate of -6.3%, a coalition source told Reut...
Aug 28, 2020
Take Five: Sayonara Abenomics?
1/ THE END OF THREE ARROWS Shinzo Abe, Japan's longest serving premier and author of the signature shock-and-awe "Abenomics" stimulus strategy, has resigned for health reasons. Sweeping to power in la...
Aug 28, 2020
Detained Colombia businessman was negotiating with Iran for Venezuela, lawyers say
By Angus Berwick (Reuters) - A Colombian businessman detained in Cape Verde in June was on a mission to Iran as a special envoy of Venezuelan President Nicolas Maduro to negotiate fuel and humanitaria...
Aug 28, 2020
Global funds once again opt out of stocks, despite rally, Reuters polls show
By Rahul Karunakar and Tushar Goenka BENGALURU (Reuters) - Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as th...
Aug 28, 2020
Fed’s Mester: Recovery will be slow and require more fiscal and monetary support
(Reuters) - Economic activity and hiring tempered while coronavirus cases were increasing, confirming that the recovery will be slow and that the economy will require more support from monetary and fi...
Aug 28, 2020
Coca-Cola to cut jobs in restructuring
(Reuters) - Coca-Cola Co said on Friday it would reduce its global workforce as part of a company-wide restructuring. The beverage maker did not provide details on how many jobs it plans to cut, but s...
Aug 28, 2020
Banks eye layoffs as short-term crisis ends, long-term costs emerge
By Elizabeth Dilts Marshall, Anirban Sen and Imani Moise NEW YORK (Reuters) - At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley , Bank of America ...
Aug 28, 2020
Levitating stocks unlikely to help Fed’s economic equality efforts
By April Joyner, Saqib Iqbal Ahmed and Megan Davies NEW YORK (Reuters) - U.S. Federal Reserve chair Jerome Powell tried to address economic inequalities in his landmark policy move. Still the Fed hold...
Aug 28, 2020
