Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. drillers expected to slash oil & gas rigs to lowest ever
By Scott DiSavino (Reuters) - The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy industry ...
May 08, 2020
Australia backs BP’s study to produce hydrogen from wind, solar
MELBOURNE (Reuters) - BP Plc has won Australian government backing for a feasibility study into producing hydrogen using wind and solar power to split water and converting the hydrogen to ammonia in W...
May 08, 2020
Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges
ZURICH (Reuters) - Siemens expects "even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial prof...
May 08, 2020
Explainer: Why Friday’s U.S. jobless figures won’t capture the true state of the coronavirus economy
By Ann Saphir SAN FRANCISCO (Reuters) - The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is published Frid...
May 08, 2020
Aussie and kiwi to cool their heels after red-hot rally: Reuters poll
By Wayne Cole SYDNEY (Reuters) - Analysts suspect the Australian and New Zealand dollars have climbed too far, too fast and a pullback is likely in the near term, though both are expected to move high...
May 07, 2020
Japan likely slipped into first recession since 2015 as spending collapsed: Reuters poll
By Leika Kihara TOKYO (Reuters) - Japan's economy likely shrank for a second straight quarter in the first three months of this year, a Reuters poll showed, meeting the technical definition of recessi...
May 07, 2020
India inflation likely fell to a five-month low in April: Reuters poll
By Manjul Paul BENGALURU (Reuters) - Indian retail inflation eased to a five month low in April as the nationwide lockdown imposed to try to quell the spread of the coronavirus and subsequent sluggish...
May 07, 2020
Great Depression-like U.S. job losses, unemployment rate expected in April
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkes...
May 07, 2020
U.S. Fed won’t take rates negative, say fund managers, economists
By Divya Chowdhury (Reuters) - There is little chance the U.S. Federal Reserve will take interest rates into negative territory even as financial markets have begun pricing in such a move for the firs...
May 07, 2020
Japan’s ANA suspends recruitment citing coronavirus fallout
TOKYO (Reuters) - ANA Holdings Inc , the operator of Japan's top airline, said on Friday it would suspend its recruitment process at its 37 group companies due to an uncertain business climate caused ...
May 07, 2020
