Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
VAT cut pushes German inflation into negative territory
BERLIN (Reuters) - German annual consumer prices fell for the first time in more than four years in August due to a VAT cut as part of the government's stimulus push to help Europe's largest economy r...
Aug 31, 2020
India’s economy shrinks record 23.9% y/y in April-June quarter: government
NEW DELHI (Reuters) - Indian economy contracted at its steepest pace on record of 23.9% year-on-year in the June quarter, official data showed on Friday, as the pandemic lockdown shattered consumer an...
Aug 31, 2020
No reset, no bottom for GE yet: J.P. Morgan
(Reuters) - General Electric Co shares are now worth less than $5 each, analysts from J.P. Morgan said on Monday, valuing the U.S. conglomerate at less than $44 billion and predicting it is yet to rea...
Aug 31, 2020
CD&R to buy KKR’s Epicor Software for $4.7 billion
(Reuters) - Private equity firm KKR & Co Inc will sell business software maker Epicor Software Corp to Clayton Dubilier & Rice in a $4.7 billion deal, the companies said on Monday. Companies such as E...
Aug 31, 2020
With borders closed, South Africa pins hopes on cash-strapped local tourists
By Wendell Roelf CAPE TOWN (Reuters) - Lisa Krohn's Ashanti Lodge in Cape Town - normally abuzz with backpackers from around the world - today sits largely empty, a sign of how the pandemic has crushe...
Aug 31, 2020
GSK, partner Vir join race to find COVID-19 antibody treatment
(Reuters) - GlaxoSmithKline and partner Vir Biotechnology have started testing their experimental antibody on early-stage COVID-19 patients, entering the race to find a winner in a promising class of ...
Aug 31, 2020
Mexico’s Pemex tests limits of investor influence on climate change
By Stefanie Eschenbacher and Simon Jessop MEXICO CITY/LONDON (Reuters) - At a time when oil production is at historic lows, lenders who want Mexican oil giant Pemex to adapt to climate change are stru...
Aug 31, 2020
McDonald’s says terms of former CEO’s separation based on fraudulent statements
(Reuters) - McDonald's Corp said on Monday former Chief Executive Steve Easterbrook's motion against the company should be dismissed, reiterating that the terms of his separation from the company were...
Aug 31, 2020
Turkey’s economy shrinks nearly 10% in second quarter under pandemic impact
By Daren Butler and Ali Kucukgocmen ISTANBUL (Reuters) - Turkey's economy contracted by 9.9% in the second quarter as a coronavirus lockdown brought activity to a near standstill, according to data on...
Aug 31, 2020
Brazil’s fiscal fragility stokes funding fears, despite record low rates
By Jamie McGeever BRASILIA (Reuters) - Brazil's official interest rates and the average cost of servicing its public debt have never been lower, but investors are becoming worried that the government ...
Aug 31, 2020
