Author Archives: Syndicated Content
Thyssenkrupp CEO: no taboos in steel consolidation plans
FRANKFURT (Reuters) - Thyssenkrupp's CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, with options ranging from selling a majority to buying peers. "Nothing is off-limi...
May 19, 2020
China's delayed parliament to focus on reviving virus-hit economy
By Kevin Yao and Yew Lun Tian BEIJING (Reuters) - After a 78-day delay, China's parliament begins its annual session this week and is expected to unveil stimulus measures to spur an economy battered b...
May 19, 2020
Indonesia central bank keeps policy rate steady to support FX stability
JAKARTA (Reuters) - Indonesia's central bank kept its key interest rate unchanged on Tuesday, against expectations for a cut, saying the current level was in line with efforts to ensure market stabili...
May 19, 2020
Russia reports 9,263 new coronavirus infections, total nears 300,000
MOSCOW (Reuters) - Russia said on Tuesday that 9,263 new cases of the novel coronavirus had been reported in the last 24 hours, pushing its nationwide tally to 299,941. The daily rise in cases was bel...
May 19, 2020
Austria to increase funds for short-time work agreements
VIENNA (Reuters) - Austria will raise its funds for short-time work agreements to 12 billion euros ($13 billion) to help companies weather the effects of the coronavirus pandemic, Finance Minister Ger...
May 19, 2020
European shares extend gains, Germany outperforms
(Reuters) - European shares extended gains on Tuesday as fresh stimulus plans for the European Union added to hopes of a faster economic recovery from a coronavirus-fuelled downturn. The pan-European ...
May 19, 2020
Britain increases large business loan scheme to 200 million pounds
LONDON (Reuters) - Britain has increased the size of the loan that large businesses can borrow to see them through the coronavirus pandemic from next week, raising it to 200 million pounds ($245 milli...
May 19, 2020
China's Li focused on self improvement during COVID-19 shutdown
(Reuters) - China's Li Haotong says the disruption to the golf calendar due to the COVID-19 pandemic has made him love the sport even more and he has been using the enforced break to iron out the flaw...
May 19, 2020
Bank of England imposes dividend, pay caps on longer-term corporate borrowers
LONDON (Reuters) - Large businesses which want to borrow from the Bank of England for more than a year under an emergency coronavirus support scheme will have to show restraint on dividends and execut...
May 19, 2020
Switzerland's Sunrise, French-owned Salt link up in $3 billion broadband JV
By John Miller ZURICH (Reuters) - Swiss telecoms operator Sunrise Communications Group and Iliad's Salt unit on Tuesday pledged to invest up to 3 billion Swiss francs ($3.09 billion) in a broadband pa...
May 19, 2020
