Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Explainer: How Cuba’s monetary reform will take place and impact the economy
By Marc Frank HAVANA (Reuters) - The Cuban government announced on Thursday it would start a long-awaited monetary reform in January, unifying its dual currency and multiple exchange rate system in a ...
Syndicated Content Dec 11, 2020
ABB to pay $104 million to settle South Africa power plant probe
By John Revill and Alexander Winning ZURICH/JOHANNESBURG (Reuters) - ABB has agreed to pay 1.56 billion rand ($104 million) to South African state power utility Eskom to settle an investigation into i...
Syndicated Content Dec 11, 2020
Big tech firms to face 6% fines if breach new EU content rules
By Foo Yun Chee BRUSSELS (Reuters) - Big tech firms such as Google and Facebook will face fines of up to 6% of turnover if they do not do more to tackle illegal content and reveal more about advertisi...
Syndicated Content Dec 11, 2020
Tiny activist investor’s arguments against Exxon draw crowd to its side
By Svea Herbst-Bayliss and Jennifer Hiller BOSTON/HOUSTON (Reuters) - Exxon Mobil Corp, a giant of the energy world and once the world's most valuable company, is being pressured by a small investment...
Syndicated Content Dec 11, 2020
Brazil prosecutors sue Maersk, seek to freeze $200 million
RIO DE JANEIRO (Reuters) - Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former employees of state-run oil firm Petroleo Brasileiro SA, for alleged cor...
Syndicated Content Dec 11, 2020
Bank of America to join the Netherlands as a primary dealer in 2021: DSTA
LONDON (Reuters) - Bank of America will join the Netherlands as a primary dealer in 2021, the Dutch State Treasury Agency said on Friday in its outlook for next year. ING announced last month that it ...
Syndicated Content Dec 11, 2020
Exclusive: Ecuador weighs suit against Vitol in wake of graft revelations, sources say
By Alexandra Valencia and Gram Slattery QUITO/RIO DE JANEIRO (Reuters) - Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world's largest oil trader admitted...
Syndicated Content Dec 11, 2020
Insurers jostle to give dealmakers cover for when things go wrong
By Carolyn Cohn LONDON (Reuters) - A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity fi...
Syndicated Content Dec 11, 2020
Asda paid parent Walmart $1.52 billion dividend in March, annual report shows
LONDON (Reuters) - Asda, the British supermarket arm of Walmart, paid its parent a 1.15 billion pound ($1.52 billion) inter company dividend of surplus cash in March this year, according to Asda's ann...
Syndicated Content Dec 11, 2020
Former Hong Kong lawmaker urges U.S. to punish China’s ‘ATM’: the banking sector
By Humeyra Pamuk WASHINGTON (Reuters) - The United States should target Hong Kong's financial sector with tougher sanctions to deprive China from its 'ATM' and to force Beijing to the negotiating tabl...
Syndicated Content Dec 11, 2020





