Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: Shale producer Oasis Petroleum to halt drilling in Bakken – sources
By Devika Krishna Kumar NEW YORK (Reuters) - Oasis Petroleum Inc has begun to wind down all drilling in the Bakken, three sources familiar with the matter said on Tuesday, as production cuts intensify...
Apr 28, 2020
Fitch cuts Italy’s credit rating to ‘BBB-minus’ with stable outlook
(Reuters) - Rating agency Fitch cut Italy's credit rating to "BBB-minus" on Tuesday, just one notch above junk, saying the downgrade reflects the impact of the coronavirus pandemic on the euro zone's ...
Apr 28, 2020
Escalade repays $5.63 million U.S. government loan
(Reuters) - Sporting goods and outdoor recreation products retailer Escalade Inc said on Tuesday it had repaid its outstanding $5.63 million loan received as part of the U.S. government's small-busine...
Apr 28, 2020
Coming U.S. shale results will test extent of oil hedges, output cuts
By Arathy S Nair and Arunima Kumar (Reuters) - As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners ...
Apr 28, 2020
Liability protection essential for next U.S. coronavirus relief bill: Senate Republican leader
WASHINGTON (Reuters) - U.S. Senate Republican leader Mitch McConnell said on Tuesday he was open to providing further aid to cities and states as Democrats are demanding in another coronavirus relief ...
Apr 28, 2020
Italy economy minister says Fitch downgrade does not take account of EU, ECB decisions
ROME (Reuters) - Fitch's downgrade of Italy does not take proper account of the important economic decisions taken by the European Union and the European Central Bank, the Italian economy minister sai...
Apr 28, 2020
South Korea business outlook for May slides to record low on virus impact
SEOUL (Reuters) - South Korea's businesses confidence index slumped to the worst on record as the coronavirus pandemic put countries into lockdown, battering economic and social activities, a central ...
Apr 28, 2020
Uber tech chief Thuan Pham steps down
(Reuters) - Uber Technologies Inc's Chief Technology Officer Thuan Pham has resigned, effective May 16, the ride-hailing company said in a regulatory filing https://bit.ly/2SiLDZB on Tuesday. Pham, wh...
Apr 28, 2020
Hungary fines Booking.com operator 6.1 million pounds for unfair practices
BUDAPEST (Reuters) - Hungarian competition watchdog GVH has fined online reservation operator Booking.com 2.5 billion forints (6.1 million pounds) for unfair business practices, including misleading a...
Apr 28, 2020
IMF approves $3.4 billion in emergency aid for Nigeria pandemic response
WASHINGTON (Reuters) - The International Monetary Fund's said its executive board on Tuesday approved $3.4 bln in emergency financial assistance for Nigeria to support the oil exporter's response to t...
Apr 28, 2020
