Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Airlines warn of more bankruptcies as wage support ends
By Laurence Frost PARIS (Reuters) - Global airlines warned on Tuesday that the coronavirus-stricken industry was on course to burn through another $77 billion in cash in the second half of 2020, calli...
Oct 06, 2020
World risks economic scarring if support removed too soon: IMF’s Georgieva
(Reuters) - Countries across the world risk facing massive bankruptcies and economic scarring if fiscal and monetary support deployed to support their economies through the current crisis is removed t...
Oct 06, 2020
Exclusive: ‘Big progress’ in Brexit talks leaves EU seeing trade deal closer – sources
By Gabriela Baczynska BRUSSELS (Reuters) - Britain and the EU are close to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describ...
Oct 06, 2020
S&P Global sees U.S., European corporate default rates doubling
LONDON (Reuters) - The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that th...
Oct 06, 2020
Goldman Sachs to not name more than 60 partners in 2020: WSJ
(Reuters) - Goldman Sachs Group Inc will name no more than 60 partners in 2020, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The bank's new class of partners, t...
Oct 06, 2020
WTO revises up forecast for goods trade to 9.2% decline in 2020
BRUSSELS (Reuters) - The World Trade Organization upgraded its forecast for trade in goods this year to a level still comparable to the decline during the global financial crisis, but better than init...
Oct 06, 2020
Business jet purchase plans mostly unscathed by COVID-19, Honeywell survey shows
By Allison Lampert MONTREAL (Reuters) - Business jet operators planning new aircraft purchases are largely undeterred by the battering the COVID-19 pandemic has done to the aviation sector, a Honeywel...
Oct 06, 2020
EU nominates Swedish finance minister Magdalena Andersson to head IMFC
BERLIN (Reuters) - European Union member states have agreed to nominate Swedish Finance Minister Magdalena Andersson to head the International Monetary and Financial Committee (IMFC), German Finance M...
Oct 06, 2020
U.S. trade deficit jumps to largest in 14 years in August
(Reuters) - The U.S. trade deficit surged in August to the largest in 14 years with imports climbing again, suggesting that trade could be a drag on economic growth in the third quarter. The Commerce ...
Oct 06, 2020
Lyft gives loyalty members free Grubhub restaurant delivery
By Tina Bellon and Hilary Russ NEW YORK (Reuters) - Ride-sharing service Lyft Inc will give its most loyal members free restaurant delivery from Grubhub Inc beginning Tuesday, a partnership that could...
Oct 06, 2020
