Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Analysis-After COVID shock, U.S. Treasury market set for new scrutiny
By Matt Scuffham NEW YORK (Reuters) - The functioning of the $20 trillion U.S. Treasury market is set to come under intense scrutiny by President-elect Joe Biden's regulators, after seizing-up amid ri...
Dec 16, 2020
Polish coal boss warns of unemployment jump if mines close too fast
WARSAW (Reuters) - A rapid closure of coal mines will lead to a jobless rate of up to 50% in some towns in Poland's southern coal region of Silesia, the chief executive of the country's biggest coal p...
Dec 16, 2020
Analysis-Federal Reserve ‘boneheads’ emerge from Trump era unscathed
By Howard Schneider WASHINGTON (Reuters) - "Boneheads." "Pathetic." An "enemy" of the United States. President Donald Trump was often vicious in his critique of the U.S. Federal Reserve, bashing the c...
Dec 16, 2020
World Bank expects Russian economic growth in 2021 but warns over banks
By Andrey Ostroukh MOSCOW (Reuters) - The World Bank expects Russia's economy to start recovering in 2021, at a pace that may depend on the impact of a COVID-19 vaccine, but has said "the worst may st...
Dec 16, 2020
Deutsche Bank wins court case on Postbank takeover
FRANKFURT (Reuters) - Deutsche Bank does not have to pay former investors in its retail subsidiary Postbank a higher compensation than offered in its 2010 tender offer, a German court ruled on Wednesd...
Dec 16, 2020
Euro zone trade surplus swells as exports recover more than imports
BRUSSELS (Reuters) - The euro zone's unadjusted trade surplus jumped year-on-year in October, data showed on Wednesday, as exports held up better than imports amid the economic slowdown caused by the ...
Dec 16, 2020
Germany’s Ifo institute cuts 2021 GDP growth forecast to 4.2%
BERLIN (Reuters) - Germany's Ifo institute expects Europe's largest economy to recover less strongly than expected next year as a stricter lockdown to contain a second wave of infections in the COVID-...
Dec 16, 2020
“Still an ocean apart” on fisheries in UK trade talks – EU official
BRUSSELS (Reuters) - Agreeing fishing rights is the main sticking point now in EU-UK trade talks, an official in the bloc's hub Brussels said on Wednesday. They spoke after EU chief executive said EU ...
Dec 16, 2020
Euro zone economy performed better than expected in Dec. but still shrank: PMI
By Jonathan Cable LONDON (Reuters) - The euro zone economy performed much better than expected this month - although it still contracted slightly - as a second wave of coronavirus infections and renew...
Dec 16, 2020
Cathay Pacific expects second-half loss to be ‘significantly higher’ than in first-half
SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it expects a "significantly higher" second-half loss than its record first-half loss, driven by low demand, restructuring ch...
Dec 16, 2020
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