Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
IMF pushes for changes governing debt restructurings
By David Lawder WASHINGTON (Reuters) - International Monetary Fund officials on Thursday warned that risks of a sovereign debt crisis sparked by the coronavirus pandemic will rise without changes to t...
Oct 01, 2020
China domestic travel gets holiday boost, fewer travelling this year
By Yew Lun Tian and Muyu Xu BEIJING (Reuters) - China estimated that 13 million railway passenger trips were made on Thursday at the start of the Golden Week holiday, the highest for a single day sinc...
Oct 01, 2020
Hair loss treatment vendor Hims agrees deal to go public
(Reuters) - Online prescription drug company Hims Inc said on Thursday it had agreed to go public by merging with Oaktree Acquisition Corp in a deal that values the start-up at $1.6 billion. It is the...
Oct 01, 2020
KKR’s Viridor to start sale of recycling unit: sources
By Clara Denina and Arno Schuetze LONDON/FRANKFURT (Reuters) - Viridor, the British waste management business owned by U.S. private equity firm KKR, has hired investment bank UBS to sell its waste and...
Oct 01, 2020
Ford’s new CEO Farley promises urgency at automaker, shakes up management
By Ben Klayman DETROIT (Reuters) - Ford Motor Co's new chief executive, Jim Farley, on Thursday promised the U.S. automaker would move with urgency, responding to investor and analyst criticism of the...
Oct 01, 2020
Denmark gives Nord Stream 2 nod to operate pipeline
COPENHAGEN (Reuters) - Denmark has given the Russia-led Nord Stream 2 consortium permission to operate its Baltic Sea natural gas pipeline in Danish waters, the country's energy agency said on Thursda...
Oct 01, 2020
Business not responsible for COVID-19 infection rise: German minister
BERLIN (Reuters) - German Economy Minister Peter Altmaier said the government will do everything it can to prevent renewed closures of shops, businesses and factories amid the coronavirus pandemic. Ri...
Oct 01, 2020
Exxon expects higher oil price to boost third-quarter results
(Reuters) - Exxon Mobil Corp said on Thursday its third-quarter results would be buoyed by higher prices for crude oil after a historic collapse in the previous quarter as coronavirus-related lockdown...
Oct 01, 2020
Continued euro strength could hurt growth, slow inflation: Commission
BRUSSELS (Reuters) - A long-lasting appreciation of the euro's nominal effective exchange rate could hurt the euro zone's economic recovery and make the task of boosting inflation more difficult for t...
Oct 01, 2020
Big U.S. banks to report profit plunge as pandemic recession takes hold
By David Henry NEW YORK (Reuters) - As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the...
Oct 01, 2020
