Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Focus shifts to Commerzbank’s strategy after CEO named
By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) - The nomination of Manfred Knof as chief executive of Germany's Commerzbank paves the way for an overhaul that could close hundreds of branches and ...
Sep 27, 2020
Italy ramps up pressure on Atlantia to reach motorway unit deal: source
By Giuseppe Fonte ROME (Reuters) - Italy is ready to revoke motorway unit Autostrade per l'Italia's (ASPI) lucrative concession if its parent company Atlantia fails to agree a deal over ASPI's future ...
Sep 27, 2020
Swiss voters split on $6.5 billion purchase of fighter jets: TV
ZURICH (Reuters) - Swiss voters were evenly split on Sunday on the government's plan to spend up to 6 billion Swiss francs ($6.46 billion) on new fighter jets, projections for broadcaster SRF based on...
Sep 27, 2020
Qatar Airways reports $1.92 billion loss amid coronavirus crisis
DUBAI (Reuters) - Qatar Airways reported a loss of 7 billion riyals ($1.92 billion) on Sunday for the year ending March 31, as the coronavirus crisis hurt the aviation industry around the world. The a...
Sep 27, 2020
Restructuring firm AlixPartners boosts Mideast headcount amid corporate slump
By Davide Barbuscia DUBAI (Reuters) - Turnaround and restructuring firm AlixPartners is boosting its headcount in the Middle East as corporates seek to cut costs and restructure debt amid the double s...
Sep 27, 2020
China’s industrial profits grow 19.1% year-on-year in August
SHANGHAI (Reuters) - Profits at China's industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan, the statistics bureau said on Sunday, as the vast manufacturing sector extended its r...
Sep 26, 2020
Nikola Corp’s founder purchased truck designs from third party – FT
(Reuters) - Nikola Corporation's founder Trevor Milton purchased the original design for the company's flagship truck from a Croatia-based designer, the Financial Times reported https://on.ft.com/3mWv...
Sep 26, 2020
Exclusive: U.S. shale producers Devon, WPX Energy in merger talks
By David French NEW YORK (Reuters) - U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around $6 ...
Sep 26, 2020
BoE’s Tenreyro says evidence on negative rates encouraging
LONDON (Reuters) - The Bank of England has been discussing how effective negative interest rates might be in the economic downturn and "the evidence has been encouraging", policymaker Silvana Tenreyro...
Sep 26, 2020
Iran and Iraq commit to boosting border cooperation and trade
DUBAI (Reuters) - Iran and Iraq on Saturday pledged to improve border cooperation and boost trade between the two neighbours that has been hit hard by the coronavirus pandemic. "We remain committed to...
Sep 26, 2020
