Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
BoE’s Vlieghe eyes more stimulus as COVID risks grow
By David Milliken LONDON (Reuters) - Bank of England policymaker Gertjan Vlieghe said on Tuesday that the central bank could well need to add more stimulus as risks to the economy had grown in respons...
Oct 20, 2020
U.S. announces joint Israel-UAE fund to encourage regional cooperation
JERUSALEM (Reuters) - The United States, Israel and the United Arab Emirates will set up a fund to encourage private-sector investment and regional cooperation, U.S. International Development Finance ...
Oct 20, 2020
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand amid pandemic: SCMP
(Reuters) - Hong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China...
Oct 20, 2020
Sweden bans Huawei, ZTE gear for use by firms taking part in 5G spectrum auction
STOCKHOLM (Reuters) - The Swedish Post and Telecom Authority (PTS) on Tuesday banned the use of products from China's Huawei and ZTE by companies taking part in a 5G spectrum auction scheduled for nex...
Oct 20, 2020
European stocks edge lower as virus worries dampen earnings boost
(Reuters) - European stocks slipped on Tuesday as tighter coronavirus curbs across the continent and doubts over fresh U.S. stimulus ahead of the presidential election curbed optimism from strong earn...
Oct 20, 2020
Euronext’s stock markets resume trading after previous day’s glitches
PARIS (Reuters) - The European stock markets run by Euronext resumed normal trading on Tuesday, as Euronext aimed to restore full services after it was plagued by technical glitches the previous day. ...
Oct 20, 2020
UBS posts doubling of third-quarter profit in Ermotti’s swan song
By Brenna Hughes Neghaiwi ZURICH (Reuters) - UBS on Tuesday posted a 99% jump in third-quarter profit on heavy turnover in global markets, helping the bank to a strong performance in investment bankin...
Oct 20, 2020
Exclusive: Didi considers 2021 Hong Kong IPO, targets valuation of more than $60 billion, sources say
By Julie Zhu and Kane Wu HONG KONG (Reuters) - China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowle...
Oct 20, 2020
Stock market boom, new listings mint China billionaires at record pace
SHANGHAI (Reuters) - China is minting new billionaires at a record pace despite an economy bruised by the coronavirus pandemic, thanks to booming share prices and a spate of new stock listings, accord...
Oct 20, 2020
New Virgin Australia strategy spells end of business travel arms race
By Jamie Freed SYDNEY (Reuters) - Virgin Australia looks set to cut basic fares and start charging fees for items like checked baggage and food under new chief executive Jayne Hrdlicka, prompting a wi...
Oct 19, 2020
