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Baker Hughes Posts Second-Straight Quarterly Loss as Oil Slump Slams Demand

2020-07-22 15:12:50| OGI

Oilfield services provider Baker Hughes Co. posted its second quarterly loss for the year on July 22 and warned it was preparing for longer volatility after a slump in oil prices crushed demand for its services.

Tags: posts loss oil demand

 

Beef production slams on the brakes

2020-05-26 15:31:00| Beef

Labor issues at packing plants will have impact into 2021 as industry works through feeder cattle.

Tags: production beef brakes slams

 
 

US Shale Bust Slams Rural Economies as Oil Checks Shrivel

2020-05-26 11:20:00| OGI

The bust has erased tens of thousands of jobs in the drilling and service sectors, dried up local tax revenues and charitable largess that flowed along with crude oil to Texas, North Dakota and Oklahoma.

Tags: oil rural checks economies

 

Huawei slams 'arbitrary and pernicious' US move to restrict supply chain

2020-05-18 14:24:00| Telecompaper Headlines

(Telecompaper) Huawei has slammed the Trump administration's move to restrict its access to global semiconductor supplies that use US equipment, IP or software. In a strongly-worded statement, the Chinese telecommunications giant described the US commerce department's decision to amend the longstanding foreign-produced direct product rule as "arbitrary and pernicious", adding that the US government's "discriminatory" actions could undermine a number of global industries as well as the trust international companies place in US technology and supply chains. "Ultimately, this will harm US interests," claimed Huawei.

Tags: move supply chain arbitrary

 

Grim reality of severe global economic recession slams meat industry

2020-04-03 15:44:00| ThePigSite - Industry News

The mood of the global marketplace turned more sombre this week, following a grim assessment Tuesday afternoon by US President Trump regarding the COVID-19 outbreak.

Tags: global industry economic reality

 

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