Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UPS quarterly profit beats as pandemic spurs home deliveries
(Reuters) - United Parcel Service Inc beat profit expectations on Wednesday, helped by a surge in home deliveries due to the COVID-19 pandemic. Average daily volumes in the United States rose 13.8% on...
Oct 28, 2020
Bank of England gives banks breathing space over crisis plans
LONDON (Reuters) - Britain's main banks will have extra time before they have to say publicly how they could be closed down in a crisis, the Bank of England proposed on Wednesday. Banks were required ...
Oct 28, 2020
Cross-examination of witnesses in Huawei CFO’s U.S. extradition case enters third day
By Moira Warburton (Reuters) - Lawyers for Huawei Chief Financial Officer Meng Wanzhou and the Canadian government are on Wednesday expected to cross examine more witnesses involved with Meng's 2018 a...
Oct 28, 2020
German economy grew by 6% in third-quarter but recovery likely to slow: DIW
BERLIN (Reuters) - The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak h...
Oct 28, 2020
Exclusive: Russia needs to boost its debt, VTB CEO says, bank ready to co-finance budget
By Tatiana Voronova and Katya Golubkova MOSCOW (Reuters) - Russia needs to increase its state debt to support economic growth and VTB , its second biggest bank, is ready to ramp up government bond pur...
Oct 28, 2020
Ericsson wins BT’s 5G radio contract for London, other major UK cities
LONDON (Reuters) - Ericsson said on Wednesday it had been selected by Britain's BT to provide 5G radio equipment in London, Edinburgh, Belfast, Cardiff and other major UK cities, building on the contr...
Oct 28, 2020
Japan’s Mitsubishi Heavy asks other companies to take on idle workers: sources
By Maki Shiraki TOKYO (Reuters) - Mitsubishi Heavy Industries (MHI) said it has asked several other companies to temporarily employ idle workers from its factories in central Japan in a bid to cut cos...
Oct 28, 2020
Currency market volatility jumps before U.S. election
LONDON (Reuters) - Gauges for implied currency swings in the foreign exchange markets jumped to their highest levels in nearly seven months on Wednesday as traders anticipated more volatility before t...
Oct 28, 2020
Exxon, Japan’s JERA to build LNG-to-power project in Vietnam
SINGAPORE/TOKYO (Reuters) - Exxon Mobil Corp and Japan's biggest power generator, JERA, have agreed to build a power station and import facilities for the liquefied natural gas (LNG) to fuel it in the...
Oct 28, 2020
European stock futures slump 2% on report France mulling national lockdown
(Reuters) - European stock futures dropped to a fresh five-month low on Wednesday after a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections. Euro Sto...
Oct 28, 2020
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