Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
German economy to shrink by 5.2% this year, grow by 5.1% next year – Ifo
BERLIN (Reuters) - Germany's Ifo institute on Tuesday said Europe's largest economy would likely shrink by 5.2% this year, raising its previous estimate for a 6.7% drop, in the latest sign the damage ...
Sep 22, 2020
UK banks must do more to fight dirty money, says BoE’s Woods
LONDON (Reuters) - Britain's banks need to do more to fight dirty money or risk facing more severe fines, Bank of England Deputy Governor Sam Woods said on Tuesday. "If the banks get this wrong, then ...
Sep 22, 2020
BoE’s Bailey says worsening COVID trend reinforces downside risks
LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that escalating COVID-19 cases in Britain reinforced the downside risks in its latest forecasts for the economy. He told a Bri...
Sep 22, 2020
Permira buys German specialty pharma group Neuraxpharm
FRANKFURT (Reuters) - Buyout group Permira has agreed to buy German pharma group Neuraxpharm as it seeks to benefit from an expected surge in demand for the company's antidepressants, painkillers and ...
Sep 22, 2020
Singapore central bank ‘closely studying’ reports on suspicious bank transfers
SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) said on Tuesday that it was 'closely studying' media reports that Singapore banks had informed U.S. regulators of suspicious transaction...
Sep 22, 2020
European stocks steady after sell-off, travel sector hit again
(Reuters) - European stocks stabilised on Tuesday after a sell-off in the previous session, as technology and healthcare stocks gained, but worries about new coronavirus restrictions in Britain and el...
Sep 22, 2020
Thai cabinet approves $1.6 billion cash handouts to boost spending
BANGKOK (Reuters) - Thailand's cabinet on Tuesday approved cash handouts worth 51 billion baht ($1.6 billion) in a bid to boost domestic consumption and help an economy suffering from the impacts of t...
Sep 22, 2020
Premier Inn owner Whitbread may cut nearly 6,000 jobs
(Reuters) - Premier Inn-owner Whitbread said on Tuesday it could cut up to 6,000 jobs in its hotel and restaurant business as it expects demand to remain at lower levels in the short to medium term. T...
Sep 22, 2020
UK watchdog proposes ban on car, home insurance ‘loyalty penalties’
LONDON (Reuters) - Britain's Financial Conduct Authority said on Tuesday it was proposing to stop insurers from charging more to repeat car and home insurance customers than to new clients. When a cus...
Sep 22, 2020
Beazley sees COVID-19 insurance claims doubling to $340 mln
LONDON (Reuters) - Specialist insurer Beazley is bracing for claims linked to the novel coronavirus pandemic to double to $340 million, with almost all the estimated increase arising from events cance...
Sep 22, 2020
