Author Archives: Syndicated Content
Thyssenkrupp overhaul must happen faster due to COVID-19: CEO
DUESSELDORF (Reuters) - Thyssenkrupp has less time for a wide-ranging restructuring plan than previously thought as the coronavirus pandemic is significantly burdening the already ailing conglomerate,...
May 10, 2020
Rated Gulf banks can absorb up to $36 billion shock before moving into red: S&P
DUBAI (Reuters) - Rated banks in the Gulf can absorb up to a $36 billion shock before depleting their capital bases, S&P Global Ratings said on Sunday, adding that banks in Bahrain, Oman and the Unite...
May 10, 2020
Exclusive: Saudi Aramco seeking to review price of SABIC deal – sources
By Hadeel Al Sayegh and Rania El Gamal DUBAI (Reuters) - Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABI...
May 10, 2020
Washington in talks with chipmakers about building U.S. factories: WSJ
(Reuters) - U.S. President Donald Trump's administration is in talks with semiconductor companies about building chip factories in the United States, the Wall Street Journal reported on Sunday. The Tr...
May 10, 2020
Indian, Chinese border troops in brief skirmish on northeast Indian border, India says
KOLKATA (Reuters) - Indian and Chinese troops on border patrol duties had a brief skirmish in Sikkim, a northeastern Indian state bordering China, the Indian Defence Ministry said on Sunday, blaming b...
May 10, 2020
French, Dutch join forces to urge EU to show teeth on trade
By Michel Rose PARIS (Reuters) - France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs tr...
May 10, 2020
Fighters could lose pay for criticising UFC’s COVID-19 safety measures
By Philip O'Connor (Reuters) - UFC fighters taking part at the UFC 249 event in Florida could lose their purses and bonuses if they publicly criticise the fight promotion's health and safety precautio...
May 10, 2020
Italy to give further support to companies including tax incentives, hybrid bonds: minister
ROME (Reuters) - Italy's government is readying new measures to support companies struggling due to the coronavirus crisis, including tax incentives and hybrid bonds, and aims to access the European R...
May 10, 2020
Zambia seeks IMF funding to help soften impact of coronavirus
LUSAKA (Reuters) - Zambia has applied to the International Monetary Fund (IMF) for a COVID-19-related rapid credit facility as it starts the process of shortlisting financial advisers to help reduce i...
May 10, 2020
Kyrgyzstan to ease coronavirus restrictions
BISHKEK (Reuters) - Kyrgyzstan will end the toughest restrictions it introduced to curb the spread of the new coronavirus, such as curfews, and allow certain businesses to reopen from Monday, the Cent...
May 10, 2020
