Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Seattle approves minimum pay rate for Uber and Lyft drivers
(Reuters) - The Seattle City Council passed a minimum pay standard for drivers for companies like Uber Technologies Inc and Lyft Inc on Tuesday. Under the ordinance, effective January, the drivers wil...
Sep 30, 2020
Alibaba cloud division to be profitable within FY2021: CFO
HONG KONG (Reuters) - Chinese tech giant Alibaba's cloud unit expects to be profitable within 2021, a senior executive said on Wednesday. Maggie Wu, chief financial officer of Alibaba, made the remark...
Sep 29, 2020
Hong Kong August home prices post biggest monthly drop since February
HONG KONG (Reuters) - Private home prices in Hong Kong fell 1.1% in August, their biggest monthly drop since February, official data by the Rating and Valuation Department showed on Wednesday, as the ...
Sep 29, 2020
General Atlantic to invest $498.31 million in Reliance’s retail arm
BENGALURU (Reuters) - Reliance Industries Ltd said on Wednesday U.S. Fund General Atlantic plans to invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, making it the lat...
Sep 29, 2020
First U.S. presidential debate fails to move investors
By Stanley White and Noel Randewich TOKYO/SAN FRANCISCO (Reuters) - U.S. stock futures fluctuated slightly but markets and investors were largely stoic as an acrimonious first debate between U.S. pres...
Sep 29, 2020
Goldman Sachs promotes Drayton in Asia: memo
HONG KONG (Reuters) - Goldman Sachs has appointed Iain Drayton to be the co-head of investment banking for Asia, ex Japan, according to a memo seen by Reuters. Drayton, who is based in Hong Kong, is t...
Sep 29, 2020
China Evergrande rises 13.9% after deal with Hengda investors
HONG KONG (Reuters) - Shares of China Evergrande Group rose as much as 13.9% after the property developer reached a deal with some investors of its unit Hengda to ease cash-crunch concerns. The shares...
Sep 29, 2020
China’s factory activity extends solid growth in September, new export orders surge: Caixin PMI
BEIJING (Reuters) - Activity in China's factories extended solid growth in September as payrolls expanded for the first time this year and overseas demand surged, a private survey showed on Monday, ad...
Sep 29, 2020
China publishes draft loss-absorbing capacity rules for major lenders
SHANGHAI/BEIJING (Reuters) - China published draft rules on Wednesday that set total loss-absorbing capacity requirements for systematically important banks. The rules are aimed at further improving t...
Sep 29, 2020
China’s factory activity accelerates at solid pace in Sept on boost from overseas demand
By Gabriel Crossley BEIJING (Reuters) - China's factory activity expanded at a faster pace in September helped by a return to exports growth after several months of shrinking sales, bolstering a stead...
Sep 29, 2020
