Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
United States halts order of Philips ventilators, earnings to be hit
AMSTERDAM (Reuters) - Electrical equipment maker Philips on Monday said the U.S. Department of Health had cancelled the bulk of an order for 43,000 hospital ventilators, leading it to cut its 2020 ear...
Aug 31, 2020
Danish government proposes $1.5 billion coronavirus ‘war fund’ in next year’s budget
COPENHAGEN (Reuters) - Denmark's government has allocated 9.2 billion Danish crowns ($1.47 billion) to a coronavirus crisis "war fund" in its 2021 budget proposal, according to Ritzau news agency. The...
Aug 31, 2020
Exclusive: Rio vows to preserve ancient Australian rock shelter after outcry over caves blast
By Melanie Burton MELBOURNE (Reuters) - Rio Tinto has pledged to protect a 43,000-year old rock shelter on the fringe of its Silvergrass iron ore mine in Western Australia as it reviews heritage sites...
Aug 31, 2020
Huawei ends Australian rugby league team sponsorship amid political tensions
SYDNEY (Reuters) - The Australian operation of Chinese telecommunications equipment maker Huawei said on Monday it would end its sponsorship of a national rugby league team a year earlier than expecte...
Aug 31, 2020
Nestle to buy Aimmune Therapeutics for $2.6 billion
ZURICH (Reuters) - Nestle said on Thursday it was offering $34.50 per share for the remaining 74.4% in peanut allergy treatment maker Aimmune Therapeutics it does not already own, adding a potential b...
Aug 31, 2020
Number of German companies with short-time work declines in August: Ifo
BERLIN (Reuters) - The share of German companies that have implemented short-time work plans declined to 37% in August from 42% in July, a poll by German economic institute Ifo showed on Monday. Short...
Aug 31, 2020
Jump in 30-year Treasury yield raises expectations of Fed purchases
By Kate Duguid NEW YORK (Reuters) - Investors are raising expectations the Federal Reserve will act to tame an upturn in yields by expanding its purchases of long-dated Treasury bonds, after the U.S. ...
Aug 31, 2020
China-backed AIIB approves 70 million euro loan to Turkey to fight COVID-19
BEIJING (Reuters) - Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Monday it would lend 70 million euros ($83.37 million) to Turkey to help the country deal with the COVID-19 pande...
Aug 31, 2020
RBI governor rules out stagflation, expects consumer inflation to moderate: Financial Times
(Reuters) - Reserve Bank of India Governor Shaktikanta Das told the Financial Times https://on.ft.com/3gE9RGZ newspaper that he does not think there will be stagflation and that the consumer inflation...
Aug 31, 2020
Japan’s PM candidate Kishida cautious about cutting sales tax
TOKYO (Reuters) - Fumio Kishida, a senior Japanese ruling party official seen as among candidates to become next prime minister, on Monday voiced caution over the idea of cutting the sales tax rate to...
Aug 30, 2020
