Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
ECB to devise new tool to help indebted euro zone members
FRANKFURT (Reuters) - The European Central Bank will skew reinvestments of maturing debt to help more indebted members and will devise a new instrument to stop fragmentation, it said on Wednesday, see...
Jun 15, 2022
Analysis-Brazil likely to waive over $20 billion in tax revenue as Bolsonaro tries to spur economy
By Bernardo Caram BRASILIA (Reuters) - Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President Jair Bolsonaro tries to ease inflation and sp...
Jun 15, 2022
Focus on Fed as futures edge higher ahead of rate decision
(Reuters) - U.S. stock index futures inched higher on Wednesday as investors waited to see how high the Federal Reserve would raise interest rates to quell inflation at its policy meeting. Investors h...
Jun 15, 2022
U.S. mortgage interest rates jump to highest level since 2008
(Reuters) - The average interest rate on the most popular U.S. home loan climbed to its highest level since the 2008 financial crisis and purchase applications were down more than 15% from last year, ...
Jun 15, 2022
Samsung’s Lee discusses smooth supply of “essential” chip equipment with ASML’s Wennink
SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee met with ASML Holding NV CEO Peter Wennink on Tuesday to discuss cooperating over the adoption of high-end chip equipment, Samsung said o...
Jun 15, 2022
IKEA to further scale down operations in Russia
STOCKHOLM (Reuters) - Furniture giant IKEA said on Wednesday it would further scale its operations in Russia following the country's invasion of Ukraine. "Unfortunately, the circumstances have not imp...
Jun 15, 2022
Japan PM Kishida expects BOJ to stick to 2% inflation goal
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Wednesday he expected the Bank of Japan (BOJ) to stick to a 2% inflation target, when asked about...
Jun 15, 2022
China’s New Oriental education giant finds new life in English live streaming
BEIJING (Reuters) - Shares in China's New Oriental climbed for a fourth straight day on Wednesday, with analysts saying its new live-streaming sales strategy could help it recover from a regulatory cr...
Jun 15, 2022
Global equity funds decline over 20% this year
(Reuters) - Global equity funds have shed over 7% this month due to a slump in stock prices as higher inflation levels fuel worries about more aggressive policy tightening by major central banks. Glob...
Jun 15, 2022
Binance opens 2,000 positions for hiring – CEO
(Reuters) - Cryptocurrency exchange Binance has opened 2,000 positions for hiring, Chief Executive Officer Changpeng Zhao said in a tweet on Wednesday. (Reporting by Mehnaz Yasmin in Bengaluru; Editin...
Jun 15, 2022
