Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Britain needs EU to move for mutually beneficial trade deal, minister says
LONDON (Reuters) - The European Union will need to move in negotiations but it is in the interests of both Britain and the bloc to get a trade deal, British minister Steve Barclay said on Tuesday. "Th...
Dec 15, 2020
Mahindra’s Ssangyong misses $55 million loan repayment to Bank of America, others
NEW DELHI (Reuters) - Automaker Mahindra & Mahindra's South Korean unit Ssangyong Motor Co has defaulted on loan repayment of about 60 billion won ($55 million), the Indian company said in a statement...
Dec 15, 2020
Fashion retailer H&M sales dip 10% in local currencies in fourth quarter
STOCKHOLM (Reuters) - Sweden's H&M, the world's second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10% in the September-November quarter as the second wave of the pandemic...
Dec 15, 2020
Exclusive: Lessor BOC Aviation says AirAsia X restructuring favours Airbus, calls for debt-to-equity swap
By Liz Lee KUALA LUMPUR (Reuters) - Lessor BOC Aviation Limited (BOCA) has asked a Malaysian court to dismiss AirAsia X Bhd's debt restructuring scheme as it rules out a debt-to-equity swap and gives ...
Dec 15, 2020
UK jobless rate rises by less than expected to 4.9%
LONDON (Reuters) - Britain's unemployment rate rose to 4.9% in the three months to October from 4.8% in the three months to September, official data showed on Tuesday. Economists polled by Reuters had...
Dec 15, 2020
Credit Suisse postpones 10%-12% return on tangible equity ambition
ZURICH (Reuters) - Credit Suisse on Tuesday reiterated its key financial ambition for a 10%-12% return on tangible equity in the medium term but avoided re-committing to the 10% goal previously set fo...
Dec 15, 2020
Credit Suisse postpones 10%-12% return on tangible equity ambition
ZURICH (Reuters) - Credit Suisse on Tuesday reiterated its key financial ambition for a 10%-12% return on tangible equity in the medium term but avoided re-committing to the 10% goal previously set fo...
Dec 15, 2020
U.S. tech giants face 6-10% fines as EU set rules to curb their power
By Foo Yun Chee BRUSSELS (Reuters) - Amazon, Apple, Facebook and Alphabet unit Google may have to change their business practices in Europe or face hefty fines between 6-10% under new draft EU rules t...
Dec 15, 2020
Fed will be tested in 2021 as vaccines boost U.S. economic outlook
By Ann Saphir (Reuters) - If 2020 was the year the Federal Reserve overhauled its game plan for supporting the U.S. economy, 2021 will be the year its new approach gets tested should a coronavirus vac...
Dec 15, 2020
Exclusive: China search giant Baidu considers making own electric vehicles – sources
BEIJING (Reuters) - China's Baidu Inc is considering making its own electric vehicles and has held talks with automakers about the possibility, said three people with knowledge of the matter, the late...
Dec 14, 2020
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