Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Options market signals bumpy ride for Tesla shares
LONDON (Reuters) - Tesla shares edged up on Thursday in U.S. premarket trade, extending a recovery from this week's drop, but analysts see a bumpy ride ahead as an extreme build-up in derivative posit...
Sep 10, 2020
U.S. producer prices beat expectations in August
WASHINGTON (Reuters) - U.S. producer prices rose a bit more than expected in August as the cost of services increased solidly, while underlying producer inflation continued to firm. The producer price...
Sep 10, 2020
Brazil airline Gol expects to halve cash burn for remainder of 2020
SAO PAULO (Reuters) - Brazil's Gol Linhas Aereas Inteligentes said on Thursday it expects to burn through 3 million reais ($565,195.27) a day for the rest of 2020, half of its previously announced exp...
Sep 10, 2020
Citi CEO Michael Corbat to step down
(Reuters) - Citigroup Inc Chief Executive Officer Michael Corbat will step down in February 2021, after 37 years with the bank. Citi president Jane Fraser will succeed Corbat, the bank said on Thursda...
Sep 10, 2020
U.S. weekly jobless claims stuck at higher levels
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits hovered at high levels last week, strengthening views that the labor market was settling into a more gradual ...
Sep 10, 2020
Citroen pitches car at TikTok generation
PARIS (Reuters) - France's Citroen has a new vehicle it hopes will reach a market most major carmakers have not tapped - drivers as young as 14. The French automaker's tiny two-seater Citroen Ami vehi...
Sep 10, 2020
Brazil July retail sales jump 5.2%, far more than expected
BRASILIA (Reuters) - Brazilian retail sales rose 5.2% in July, official figures showed on Thursday, more than economists had expected and taking the volume of sales up to the highest levels in years a...
Sep 10, 2020
Exclusive: Mexico’s Pemex could look to Mexican borrowers for financing needs
By Stefanie Eschenbacher and Abraham Gonzalez MEXICO CITY (Reuters) - Mexican state oil company Petroleos Mexicanos should consider borrowing on the local market to meet its vast financing requirement...
Sep 10, 2020
Cuba plans first official peso devaluation since 1959 revolution, sources say
By Marc Frank HAVANA (Reuters) - Communist-run Cuba will soon devalue the peso's one-to-one exchange rate with the U.S. dollar for the first time since the 1959 revolution, according to three sources ...
Sep 10, 2020
Citi, JPMorgan and State Street back fintech startup Capitolis
By Anna Irrera LONDON (Reuters) - JPMorgan Chase & Co , Citigroup Inc and State Street Corp have invested $11 million in Capitolis, a New York-based technology startup that seeks to help banks use cap...
Sep 10, 2020
