Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Pressured equity: Asia buyout firms struggle with COVID-hit portfolio
By Kane Wu and Anshuman Daga HONG KONG/SINGAPORE (Reuters) - Baring Private Equity Asia and CITIC Capital have sold the China business of Wall Street English (WSE) at a deep discount in just over two ...
Aug 18, 2020
Indonesia posts biggest trade surplus in 9 years in July
JAKARTA (Reuters) - Indonesia posted its biggest trade surplus since 2011 in July, more than expected, as exports improved while domestic demand for imports remained subdued due to the coronavirus out...
Aug 18, 2020
Hit by COVID-19 cases, Starbucks Korea cuts seat capacity, delays event
SEOUL (Reuters) - Starbucks Corp's South Korean operation is scrambling to curb the spread of coronavirus, cutting seating capacity in its cafes and delaying a promotional event after nearly 50 cases ...
Aug 18, 2020
Trump rejects proposal to cut military healthcare by $2.2 billion
(Reuters) - U.S. President Donald Trump said late on Monday he has rejected a Pentagon proposal to cut military healthcare by $2.2 billion. Politico reported https://politi.co/2E5GqQS on Sunday that P...
Aug 18, 2020
China’s Ant Group plans consumer finance firm in growth push ahead of IPO
By Julie Zhu HONG KONG (Reuters) - Ant Group, Alibaba's fintech arm and China's dominant mobile payments company, plans to set up a consumer finance firm in the southwestern city of Chongqing, expandi...
Aug 18, 2020
China-backed AIIB approves $100 million loan to Uzbekistan to fight COVID-19
BEIJING (Reuters) - Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Tuesday it would lend $100 million to Uzbekistan to help the country deal with the COVID-19 pandemic and future p...
Aug 18, 2020
Malaysia’s July CPI falls 1.3% year-on-year, in line with forecast
KUALA LUMPUR (Reuters) - Malaysia's consumer price index (CPI) fell for the fifth month in a row in July, contracting 1.3% from a year earlier, government data showed on Tuesday. The drop was in line ...
Aug 18, 2020
Taiwan July export orders likely to rise for fifth straight month: Reuters poll
TAIPEI (Reuters) - Taiwan's export orders likely rose in July for the fifth consecutive month, a Reuters poll showed, buoyed by robust global demand for technology products during coronavirus lockdown...
Aug 17, 2020
Malaysia launches 500 million ringgit sukuk for COVID-19 recovery
KUALA LUMPUR (Reuters) - Malaysia's finance ministry on Tuesday launched a 500 million ringgit ($119.45 million) sukuk as part of the government's efforts to raise funds for their coronavirus economic...
Aug 17, 2020
Pandemic forces Malaysian palm industry to rethink reliance on foreign labour
By Mei Mei Chu KUALA LUMPUR (Reuters) - Malaysia's palm oil producers are embarking on a rare recruitment drive to hire locals and accelerating industry mechanisation as they grapple with a severe sho...
Aug 17, 2020
