Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Greensill drops libel suit against Reuters over bond story
LONDON (Reuters) - Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018. Th...
May 27, 2020
Without tourists, Europe’s luxury shops struggle to reopen in style
By Silvia Aloisi MILAN (Reuters) - As European luxury shopping capitals from Paris to Milan slowly emerge from coronavirus lockdowns, stores are reopening to a trickle of customers, and virtually no t...
May 27, 2020
Carlyle’s Africa dealmakers leave to start their own buyout firm
By Chibuike Oguh (Reuters) - Four dealmakers responsible for Carlyle Group Inc's Sub-Saharan Africa Fund are leaving to launch their own firm, Carlyle said on Wednesday, in the latest private equity r...
May 27, 2020
Auto parts maker Marelli secures $1.2 billion financing to withstand crisis
MILAN (Reuters) - Auto parts maker Marelli said on Wednesday it had secured additional capital and loans worth 130 billion yen ($1.2 billion) from top shareholder U.S. investment firm KKR and Japanese...
May 27, 2020
Why U.S. energy CEOs will get big payouts despite oil meltdown
By Tim McLaughlin and David French BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfiel...
May 27, 2020
U.S. mortgage applications rise for sixth straight week
WASHINGTON (Reuters) - U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy's recovery from the novel corona...
May 27, 2020
Coronavirus pushes global credit rating downgrade threat to record high
By Marc Jones LONDON (Reuters) - The number of companies or countries at risk of having their credit ratings cut has been pushed to an all-time high by the coronavirus pandemic, S&P Global analysis sh...
May 27, 2020
OPEC+ must plan exit strategy: Kemp
By John Kemp LONDON (Reuters) - Saudi Arabia and its allies in the expanded OPEC+ group of oil-exporting nations have only just started to implement output cuts, so it might seem premature to start ta...
May 27, 2020
Exclusive: Google faces antitrust case in India over payments app – sources
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) - India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile payment...
May 27, 2020
Futures climb as economic recovery hopes outweigh Sino-U.S. tensions
By Medha Singh (Reuters) - U.S. stock index futures advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China. Unprecedented m...
May 27, 2020
