Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
BP expects to hit $35 billion net debt target in first quarter
(Reuters) - BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a "very stro...
Apr 06, 2021
Air France KLM wins EU okay for $4.7 billion recapitalisation
BRUSSELS (Reuters) - The European Commission approved on Tuesday a French proposal to grant up to 4 billion euros ($4.72 billion) to recapitalise virus-hit Air France KLM in return for giving up to 18...
Apr 06, 2021
Business among German carmakers picks up speed in March: Ifo
BERLIN (Reuters) - Germany's car industry picked up speed in March, a survey published by the Ifo economic institute showed on Tuesday, although automotive executives also become less optimistic about...
Apr 06, 2021
Winds of change: how Enel and Iberdrola powered up for the energy transition
By Stephen Jewkes and Isla Binnie MILAN/MADRID (Reuters) - Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of prod...
Apr 06, 2021
Japan’s Renesas to shift production to Ehime from fire-hit chip plant: NHK
TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp is set to shift some production to a factory in the southwestern prefecture of Ehime after a fire damaged a factory in northeast Japan, pu...
Apr 06, 2021
Payments giant Stripe expands to Middle East with Dubai office
DUBAI (Reuters) - Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded ...
Apr 06, 2021
Dolce & Gabbana CEO denies talks with Kering over possible tie-up – paper
ROME (Reuters) - Dolce & Gabbana is not in talks with French luxury group Kering over a possible tie-up, the chief executive of the Italian fashion company said in an interview published on Tuesday. "...
Apr 06, 2021
Credit Suisse overhauls executive board as it estimates Archegos fallout at $4.7 billion
ZURICH (Reuters) - Credit Suisse on Tuesday said it was replacing senior managers and reducing proposals for its 2020 dividend and executive compensation as it grapples with the estimated 4.4 billion ...
Apr 06, 2021
MUFG says to stick with some coal lending, even as green pressure mounts
By Takashi Umekawa and Yuki Nitta TOKYO (Reuters) - Japan's Mitsubishi UFJ Financial Group Inc won't completely stop financing for coal-fired power plants, even as external pressure has forced it to t...
Apr 06, 2021
Silicon Valley self-driving startup Gatik works with Isuzu to build delivery trucks
By Jane Lanhee Lee (Reuters) - Silicon Valley self-driving startup Gatik and Isuzu North America Corp on Tuesday said they will work together to build autonomous delivery trucks that Gatik will use to...
Apr 06, 2021
