Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
USTR Tai says fighting inflation more complicated than cutting China tariffs
By David Lawder WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai on Monday said fighting inflation is a more complicated issue than can be addressed with a "singular focus" on China tari...
Jun 06, 2022
Pfizer to spend $120 million to boost U.S. COVID pill manufacturing
(Reuters) - Pfizer Inc said on Monday it would spend $120 million to expand manufacturing of its COVID-19 antiviral treatment at its Michigan plant, as demand ramps up. Use of the pill, Paxlovid, auth...
Jun 06, 2022
Paramount is sued over ‘Top Gun: Maverick’
(Reuters) - The family of the author whose article inspired the 1986 Tom Cruise movie "Top Gun" on Monday sued Paramount Pictures for copyright infringement over this year's blockbuster sequel "Top Gu...
Jun 06, 2022
Latin America, Caribbean 2022 poverty seen higher as Ukraine war bites: U.N. study
(Reuters) - A United Nations commission has increased its projection for poverty in Latin America and Caribbean for 2022, citing economic disruptions caused by the conflict in Ukraine. Latin America a...
Jun 06, 2022
Chinese tech ADRs rise as end of Didi probe raises hope of easing crackdowns
(Reuters) - U.S.-listed Chinese technology stocks rose on Monday after a report that regulators in China are concluding a probe into ride-hailing giant Didi Global raised expectations of easing crackd...
Jun 06, 2022
Explainer-Why the London Metal Exchange is fighting a lawsuit for cancelling nickel trades
By Pratima Desai and Eric Onstad LONDON (Reuters) - U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for cancelling nickel trades after chaotic trading in M...
Jun 06, 2022
Russia seen cutting key rate by 100 bps to 10% on Friday- Reuters poll
(Reuters) - The Russian central bank is expected to cut its key interest rate by 100 basis points to 10% on Friday as it tries to make lending more affordable amid sluggish consumer demand and a pause...
Jun 06, 2022
Explainer: Israel-Lebanon sea boundary row obstructs energy development
BEIRUT/JERUSALEM (Reuters) - A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between tw...
Jun 06, 2022
Biden waives solar-panel tariffs, invokes defense law, White House confirms
WASHINGTON (Reuters) - President Joe Biden on Monday invoked the Defense Production Act to spur U.S. solar panel manufacturing and exempted tariffs on solar panels from four Southeast Asian nations fo...
Jun 06, 2022
Drugmaker Amarin to cut 40% of jobs, shares jump
(Reuters) - Drugmaker Amarin Corp Plc said on Monday it would reduce its workforce by 40% as part of a company-wide restructuring and cost-saving plan. That will lower operating costs by about $100 mi...
Jun 06, 2022
