Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Swiss watchdog extends protective Sberbank transaction ban
ZURICH (Reuters) - Swiss financial market supervisor FINMA on Wednesday extended through August a ban on the Swiss arm of Russia's largest lender Sberbank from making payments and transactions, as wel...
Jun 01, 2022
Mapmaker TomTom to cut 10% of jobs due to improved automation
(Reuters) - TomTom will shed around a tenth of its global workforce, the Dutch navigation and digital mapping company said on Wednesday, as it steps up its automated mapmaking capability. "Regrettably...
Jun 01, 2022
HSBC to invest 3 billion yuan in Chinese business – Xinhua
HONG KONG (Reuters) - HSBC Holdings plans to invest more than 3 billion yuan($448 million) in its China operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he sees challenges ...
Jun 01, 2022
Analysis-Sizzling U.S. energy stock rally confronts global growth worries
By Lewis Krauskopf NEW YORK (Reuters) - A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in prof...
Jun 01, 2022
No contest: Peltz to bring energy to Unilever board
By Richa Naidu LONDON (Reuters) - Billionaire activist investor Nelson Peltz didn't have to wage an all-out proxy war this time - Unilever welcomed him onto its board with little apparent fuss. Peltz ...
Jun 01, 2022
India’s May factory activity remained strong despite inflation worries
BENGALURU (Reuters) - India's factory activity expanded at a better-than-expected pace last month as overall demand remained resilient despite persistently high inflation, encouraging firms to hire at...
Jun 01, 2022
Bank of Canada’s second 50-bps hike seen locked in, but what comes next?
By Julie Gordon OTTAWA (Reuters) - The Bank of Canada will almost certainly go ahead with its second consecutive half-point interest rate hike on Wednesday, as it scrambles to tame runaway inflation b...
Jun 01, 2022
Japan’s Panasonic sees global car output improving this business year
(Reuters) - Panasonic Corp said on Wednesday it expected global car production to recover this fiscal year, but that the two-year long chip shortage will continue. The Japanese conglomerate, which mak...
May 31, 2022
U.S. Chamber of Commerce, others warn of impracticalities in EU subsidy plan
By Foo Yun Chee BRUSSELS (Reuters) - Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in...
May 31, 2022
China’s factory activity falls at slower pace on easing curbs – Caixin PMI
BEIJING (Reuters) - China's factory activity shrank less sharply in May as COVID-19 curbs eased and some production resumed, a private sector survey showed on Wednesday, improving from a 26-month low ...
May 31, 2022
