Akira Neverest

Eni’s balance sheet remains strong with plenty of headroom to defend shareholder returns should the coronavirus crisis persist, the Italian energy group said on Wednesday after swinging to a third-quarter net loss.The company booked an adjusted net loss of 0.15 billion euros ($177 million), down from a 0.78 billion euro profit a year ago as the pandemic saps demand.In July Eni cut its dividend and announced further spending cuts after slumping into the red in what it described as the oil and gas industry’s worst-ever quarter.

Eni booked an adjusted net loss of 0.15 billion euros ($177 million), down from a 0.78 billion euro profit a…

U.S. gross domestic product report on Thursday may be the most fought-over piece of economic data since the 1940s.Republicans will point to the record-breaking scorecard as evidence that President Donald Trump is working miracles in getting the U.S. economy back on its feet from the drubbing delivered by the COVID-19 pandemic.Democrats backing their party’s challenger Joe Biden will counter it shows Trump is bungling the country’s future.

The Bureau of Economic Analysis will release the latest U.S. gross domestic product report on Thursday.