Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Amazon’s latest grocery store concept opens, with high-tech carts
By Jeffrey Dastin (Reuters) - Amazon.com Inc on Thursday said it is opening a supermarket in Los Angeles with shopping carts that let customers skip checkout lines, as the e-commerce company builds ou...
Aug 27, 2020
Ocado taps Rolls-Royce executive to replace long-time CFO
(Reuters) - British online supermarket and technology group Ocado said on Thursday Duncan Tatton-Brown would step down as chief financial officer after eight years in the role and be replaced by Rolls...
Aug 27, 2020
Investors price for Fed chair to signal inflation can run higher
By Karen Pierog and Ross Kerber CHICAGO/BOSTON (Reuters) - Investors are awaiting a pivotal speech by U.S. Federal Reserve chair Jerome Powell on Thursday, positioning for rates to be kept lower-for-l...
Aug 27, 2020
Powell expected to begin laying out Fed’s new monetary policy approach
By Jonnelle Marte (Reuters) - Federal Reserve Chair Jerome Powell is expected on Thursday to begin setting out the U.S. central bank's new strategy for meeting its price stability and maximum employme...
Aug 27, 2020
South Korea central bank cuts 2020 GDP outlook, open to more stimulus to fight virus fallout
By Cynthia Kim and Joori Roh SEOUL (Reuters) - South Korea's central bank kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetar...
Aug 27, 2020
TikTok CEO Kevin Mayer quits: FT
(Reuters) - TikTok Chief Executive Officer Kevin Mayer has quit his role and general manager Vanessa Pappas will replace him on an interim basis, the Financial Times newspaper reported https://on.ft.c...
Aug 27, 2020
Citadel hires ex-Glencore trader to head Asia commodities trading team
SINGAPORE (Reuters) - Citadel, one of the world's largest hedge fund managers, said on Thursday it had hired a former Glencore energy derivatives trader to head its first commodities trading team in A...
Aug 27, 2020
China makes proposal to U.S. in concession to solve accounting dispute: Bloomberg
SHANGHAI (Reuters) - China is proposing to let U.S. regulators audit its state-owned enterprises (SOEs) in a concession aimed at solving their long-running accounting dispute, but would insist on reda...
Aug 26, 2020
New Zealand’s stock exchange halted for third day
(Reuters) - Trading on New Zealand's stock exchange was halted on Thursday for a third day in a row following an offshore cyber attack, bourse operator NZX Ltd said. The cyber attacks on Tuesday and W...
Aug 26, 2020
BOJ’s Suzuki says Japan banks could see spike in COVID-related credit costs
TOKYO (Reuters) - Japanese financial institutions may see credit costs balloon to levels hit during the global financial crisis if a second and third wave of coronavirus infections hammer the economy,...
Aug 26, 2020
