Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: China pushes First Capital merger in drive to take on Wall Street
By Julie Zhu HONG KONG (Reuters) - China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, three sources said, underscoring Beijing's determination to cons...
Aug 13, 2020
German companies see business returning to normal in 11 months: Ifo
BERLIN (Reuters) - German companies expect business to return to normal in an average of 11 months, the Ifo economic institute said on Thursday. For companies in the services sector, that number is ev...
Aug 13, 2020
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
