Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Economists trim Canada’s April GDP estimates after grim data
By Julie Gordon and Fergal Smith OTTAWA/TORONTO (Reuters) - Economists cut their estimates for Canada's April GDP numbers on Friday, after a plunge in retail sales capped out a grim week of data refle...
Jun 19, 2020
Poorest countries to save $12 billion in 2020 debt relief: World Bank
NEW YORK (Reuters) - The world's poorest countries could save over $12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program, with Angola alone s...
Jun 19, 2020
Oaktree’s Marks says odds not in investors’ favor in stock rally
By John McCrank NEW YORK (Reuters) - The massive stock market rally in the midst of the coronavirus pandemic has been built largely on optimism and has overlooked potential negatives that could end up...
Jun 19, 2020
UK tells telcos to stockpile Huawei gear in face of U.S. sanctions: letter
LONDON (Reuters) - British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new U.S. sanctions will disrupt the Chinese f...
Jun 19, 2020
Fed’s Kashkari says U.S. economic recovery could take longer than hoped
(Reuters) - There could be a second wave of coronavirus infections in the fall - a shift that would increase the unemployment rate and slow down the economy recovery, Minneapolis Federal Reserve Bank ...
Jun 19, 2020
Brands tout Black heritage as some shoppers question authenticity
By Melissa Fares and Siddharth Cavale NEW YORK/BANGALORE (Reuters) - L'Oreal SA, Unilever and other multinationals that acquired personal-care brands founded by Black people are moving to reassure the...
Jun 19, 2020
U.S. and Canadian oil & gas rig count falls to record lows: Baker Hughes
By Scott DiSavino (Reuters) - U.S. and Canadian energy firms cut the number of oil and natural gas rigs operating to a record low even as higher oil prices prompt some producers to start drilling agai...
Jun 19, 2020
Neptune Energy to cut 21% of workforce amid volatile oil prices
(Reuters) - Neptune Energy plans to cut nearly 21% of its workforce, or 400 roles across nine countries, as the gas and oil producer looks to weather low commodity prices. Energy companies across the ...
Jun 19, 2020
Swiss prosecutors start Glencore criminal probe
(Reuters) - Glencore Plc said on Friday the Office of the Attorney General of Switzerland has opened a criminal investigation into Glencore International AG for failure to have measures in place to pr...
Jun 19, 2020
Russia’s economy contractions slows down to 10.9% in May
MOSCOW (Reuters) - Russia's economy declined by 10.9% in May, year-on-year, data showed on Friday, following a sharper fall of 12% in April when the country was locked down to combat the coronavirus. ...
Jun 19, 2020
