Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Hit by COVID-19, Thyssenkrupp sees early signs of stabilisation
FRANKFURT (Reuters) - Ailing conglomerate Thyssenkrupp on Thursday said some businesses were stabilising in the current quarter after suffering a heavy blow due to the coronavirus pandemic. The group ...
Aug 13, 2020
China central bank issues 30 billion yuan of offshore bills: HKMA
HONG KONG/BEIJING (Reuters) - China's central bank issued 30 billion yuan ($4.3 billion) of offshore bills in Hong Kong on Thursday, according to a notice published by the Hong Kong Monetary Authority...
Aug 13, 2020
Nikola says open to cooperation with Hyundai Motor on hydrogen technology
SEOUL (Reuters) - U.S. electric commercial truck maker Nikola said it is open to collaborating with Hyundai Motor on hydrogen technology, following a media report it had reached out to the Korean auto...
Aug 13, 2020
Lenovo profit beats expectations, helped by remote working trend
HONG KONG (Reuters) - China's Lenovo Group , the world's biggest PC maker, posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote workin...
Aug 13, 2020
China’s banking sector expected to dispose $490 billion of bad loans in 2020: Xinhua
BEIJING (Reuters) - China's banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by COVID-19, the official...
Aug 13, 2020
ByteDance in talks with India’s Reliance for investment in TikTok: TechCrunch
(Reuters) - China's ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India, TechCrunch reported https://techcrunch.com/2020/08/12/...
Aug 12, 2020
China’s July air passenger numbers fall 34.1% year-on-year: regulator
BEIJING (Reuters) - China's aviation regulator said on Thursday that passenger numbers in July fell 34.1% from a year earlier. That marked a recovery from a year-on-year decline of 42.4% in June. By A...
Aug 12, 2020
Oil edges lower after jump on U.S. stocks draw
TOKYO (Reuters) - Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after U.S. government data showed a fall in inventories, supporting the view that f...
Aug 12, 2020
Australian unemployment ticks up in July, jobs surge again
SYDNEY (Reuters) - Australia's unemployment rate ticked up to a 22-year high of 7.5% in July with a fresh wave of coronavirus infections in the southeastern state of Victoria further threatening the o...
Aug 12, 2020
China extends anti-dumping tariff on Indian fibre optic product
SINGAPORE (Reuters) - China is extending an anti-dumping tariff on a fibre optic product made in India, the Ministry of Commerce said on Thursday. The punitive tariff on single-mode optical fibre take...
Aug 12, 2020
