Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Australia central bank holds rates, but signals more easing soon
By Swati Pandey SYDNEY (Reuters) - Australia's central bank held its cash rate at a record low on Tuesday but hinted at further monetary easing as it looks to create jobs in the coronavirus-ravaged ec...
Oct 06, 2020
Co-Operative Bank CEO Andrew Bester resigns, succession search begins
LONDON (Reuters) - Andrew Bester, chief executive of the Co-Operative Bank , is stepping down after just over two years in charge, the British lender said on Tuesday. Chairman Bob Dench has begun the ...
Oct 06, 2020
Deutsche Bank CEO does not want to be junior partner in M&A: Bloomberg TV
FRANKFURT (Reuters) - Deutsche Bank's chief executive Christian Sewing does not want the German lender to play second fiddle in any potential tie-up with other lenders, he said in an interview with Bl...
Oct 06, 2020
UK’s Sunak says his priority is jobs, not tax rises
LONDON (Reuters) - Britain's finance minister Rishi Sunak said on Tuesday his priority was saving jobs when asked about the possibility of tax rises to pay for the soaring cost of the COVID-19 pandemi...
Oct 06, 2020
Kering sells 5.9% stake in Puma for $772 million
PARIS (Reuters) - French luxury group Kering said on Tuesday it had completed the sale of a 5.9% stake in Puma for approximately 656 million euros ($772 million). The company, which had announced its ...
Oct 06, 2020
Japan eyes stress test on major banks to gauge impact of COVID-19 on capital
By Leika Kihara TOKYO (Reuters) - Japan plan to conduct stress tests on its five major financial institutions this year that look into how the coronavirus pandemic could affect their earnings and capi...
Oct 06, 2020
Toyota-Panasonic venture to build lithium-ion batteries for hybrids in Japan
TOKYO (Reuters) - A Toyota Motor Corp and Panasonic Corp joint battery venture will establish a production line in Western Japan to manufacture lithium-ion power units for hybrid vehicles beginning in...
Oct 06, 2020
Mid-recovery, coronavirus spreading, global central bankers take stock
By Howard Schneider WASHINGTON (Reuters) - The world's top central bankers have opened the taps with trillions of dollars in promised credit to prevent a global pandemic from causing a global economic...
Oct 06, 2020
U.S. House’s antitrust report hints at break-up of Big Tech firms: lawmaker
By Diane Bartz WASHINGTON (Reuters) - The U.S. House of Representatives antitrust report on Big Tech firms contains a "thinly veiled call to break up" the companies, Republican Congressman Ken Buck sa...
Oct 05, 2020
Australian budget focused on lowering unemployment, treasurer says
By Colin Packham SYDNEY (Reuters) - Creating jobs is the focus of Australia's annual budget set to be unveiled on Tuesday, Treasurer Josh Frydenberg said, as Canberra seeks to revive an economy ravage...
Oct 05, 2020
