Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Wage growth is false signal on state of labor market, Fed’s Daly says
SAN FRANCISCO (Reuters) - A spike in U.S. wages is not a reliable signal of job market strength, according to new research by San Francisco Federal Reserve President Mary Daly that raises key question...
Aug 31, 2020
Germany to revise downward its 2021 growth forecast on coronavirus woes: sources
By Michael Nienaber BERLIN (Reuters) - The German government expects the economic devastation caused by the coronavirus pandemic this year to be slightly less severe than originally feared, but it wil...
Aug 31, 2020
Bostic: Fed’s tools limited as long as health trajectory remains in doubt
(Reuters) - The Federal Reserve's available tools, such as expanding its monthly asset purchases, aren't the best methods at this point for ensuring the U.S. economy returns to steady growth, Atlanta ...
Aug 31, 2020
Nigeria sets capital rules for mobile money licences
By Chijioke Ohuocha ABUJA (Reuters) - Nigeria's central bank said it will grant more licences for payment service banks but set a minimum capital base of $13 million, which could deter telecoms firms ...
Aug 31, 2020
Shares of snack maker Utz Brands jump 16% in NYSE debut
(Reuters) - Shares of Utz Brands Inc jumped 16% in their debut on the New York Stock Exchange on Monday after nearly 100 years as a family-owned company, riding on the rebound in investor appetite for...
Aug 31, 2020
‘Wake-up call’: World Bank hopes Lebanese blast will spur reform
By Edmund Blair BEIRUT (Reuters) - The World Bank has estimated that a huge explosion at Beirut port caused as much as $4.6 billion in damage to homes and infrastructure, and the bank's regional head ...
Aug 31, 2020
USTR moves to curb steel imports from Mexico, Brazil
WASHINGTON (Reuters) - The U.S. Trade Representative's office said on Monday it was taking additional steps to curb steel imports from Mexico and Brazil amid difficult domestic market conditions cause...
Aug 31, 2020
Yelp joins 15 Percent Pledge to increase representation of Black-owned businesses
LISBON (Reuters) - Crowdsourced business review website Yelp committed on Monday to the Fifteen Percent Pledge, a U.S. campaign for retailers and companies to increase representation of Black-owned bu...
Aug 31, 2020
Turkish Airlines to cut employee wages per union deal, no layoffs: union official
ISTANBUL (Reuters) - Turkish Airlines will cut pilot wages by 50%, cabin crew wages by 35% and other personnel wages by 30% as part of a new agreement with labour union Hava-Is, but the flag carrier w...
Aug 31, 2020
Spain’s economy growing over 10% in third quarter after pandemic hit
MADRID (Reuters) - The Spanish economy has been growing at a rate of more than 10% so far in the third quarter after a record drop in the preceding quarter due to the impact of the coronavirus pandemi...
Aug 31, 2020
