Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: Global investors value China’s Ant Group at over $200 billion – sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) - Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge ...
Mar 16, 2021
Volkswagen targets profit recovery as speeds transformation
FRANKFURT (Reuters) - Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world's second-largest carmaker said on Tuesday, a day after outlining an ambiti...
Mar 16, 2021
Credit Suisse flags possible charge from Greensill fallout
ZURICH (Reuters) - Credit Suisse on Tuesday warned it might incur charges following the collapse of its Greensill-linked supply chain finance funds and other dealings with the specialty firm. The lend...
Mar 16, 2021
Analysis: Germany bets U.S. will make the best of ‘bad deal’ Nord Stream gas link
By Andreas Rinke, Robin Emmott and Timothy Gardner BERLIN/WASHINGTON (Reuters) - Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian ...
Mar 16, 2021
Japan to hike tariffs on U.S. beef as FY imports near limit: Kyodo
TOKYO (Reuters) - Japan is set to temporarily impose higher tariffs on U.S. beef, with imports for the fiscal year ending this month expected to exceed the maximum amount set under the Japan-U.S. trad...
Mar 16, 2021
Purdue Pharma to use public trusts, Sackler cash to settle opioid litigation
By Maria Chutchian and Mike Spector (Reuters) - Purdue Pharma LP filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity t...
Mar 15, 2021
BOJ must prepare ‘thoroughly’ on digital currency, says Kuroda
By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the need for the central bank to "prepare thoroughly" for the time it may need to issue its own digital cur...
Mar 15, 2021
U.S. solar industry predicts installations will quadruple by 2030
(Reuters) - Solar installations in the United States are expected to quadruple by 2030 thanks to the extension of a key industry subsidy late last year and booming demand for carbon-free power, an ind...
Mar 15, 2021
Analysis: Asia’s fuel exporters target sales bump as refineries shut Down Under
By Koustav Samanta and Sonali Paul SINGAPORE (Reuters) - Asian fuel exporters are hungrily eyeing Australia as the country's shutdown of almost all its refineries creates a bright demand spot amid oth...
Mar 15, 2021
Oil falls amid stockpiling concern; European vaccine woe threatens demand
TOKYO (Reuters) - Oil prices fell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States added to the threat to demand posed by countries including Ge...
Mar 15, 2021
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