Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Euro zone bank lending continues to surge amid crisis, ECB says
FRANKFURT (Reuters) - Lending to euro zone companies continued to surge in May as firms relied heavily on bank credit to stay afloat amid the continent's coronavirus-related lockdown, data from the Eu...
Jun 26, 2020
Moody’s outlook revision reignites SoftBank spat
By Sam Nussey TOKYO (Reuters) - Credit-rating firm Moody's Investors Service on Friday revised its outlook for SoftBank Group Corp to "negative" from "ratings under review", three months after making ...
Jun 26, 2020
European shares edge higher, Air France jumps on aid deal
(Reuters) - European stocks opened higher on Friday, propped up by positive company updates, although investors remained cautious about a resurgence in U.S. COVID-19 cases and its impact on the global...
Jun 26, 2020
We’re past the worst of coronavirus crisis, ECB’s Lagarde says
FRANKFURT (Reuters) - The euro zone is "probably past" the worst of the economic crisis caused by the coronavirus pandemic, European Central Bank President Christine Lagarde said on Friday, while urgi...
Jun 26, 2020
Aston Martin turns to stock offering to bolster capital
(Reuters) - Aston Martin said on Friday it would issue new shares worth up to 20% of its existing equity capital as the luxury carmaker seeks additional funds to ride out the coronavirus crisis. New o...
Jun 26, 2020
In battle against British Airways, trade union goes to investors
LONDON (Reuters) - The trade union battling British Airways has met investors in its parent company IAG as it tries to ramp up pressure on the airline to stop it cutting staff pay and conditions by us...
Jun 26, 2020
Exclusive: Malaysian energy giant’s board at odds with PM over payment to Sarawak state
By A. Ananthalakshmi and Joseph Sipalan KUALA LUMPUR (Reuters) - The board and management of Malaysian national energy giant Petronas have urged the prime minister to drop a planned tax settlement wit...
Jun 26, 2020
PG&E raises $5.5 billion as it eyes exit from bankruptcy next week
(Reuters) - PG&E Corp has raised about $5.5 billion from a share offering and sale of equity units as the biggest U.S. power provider by customers looks to emerge from Chapter 11 bankruptcy next week....
Jun 26, 2020
Italy’s artisans anxious as brands haggle to bridge luxury gap
By Silvia Ognibene and Silvia Aloisi FLORENCE/MILAN (Reuters) - With unsold luxury handbags and clothing gathering dust in their workshops, Italy's artisans fear for their future as brands cut orders ...
Jun 26, 2020
Amazon agrees to buy self-driving startup Zoox for over $1 billion: The Information
(Reuters) - Amazon.com Inc has agreed to pay over $1 billion to buy self-driving startup Zoox Inc, the Information reported on Thursday, citing sources, in a move that would expand the e-commerce gian...
Jun 26, 2020
