PARIS: France launched what it said was a €15 billion (US$17 billion) rescue plan for its aerospace industry on Tuesday (Jun 9), warning 100,000 jobs were directly at stake due to the COVID-19 crisis travel slump. The package, which includes some already announced measures, includes an investment ...
Germany's bank lobby is set to urge the government to drop some of the conditions attached to a trillion euro rescue scheme, arguing that companies are so reluctant to take the help that it threatens any recovery from the coronavirus outbreak.
Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to flatten the Treasury yield curve.
SINGAPORE: South Korean travel retailer Lotte Duty Free has taken over the liquor and tobacco concession at Changi Airport, making it the first time a new operator has helmed this key concession since DFS Group in 1981. Renovation works for Lotte’s stores at Changi Airport will take place in...
SYDNEY: Cathay Pacific Airways Ltd announced on Tuesday (Jun 9) a recapitalisation plan worth HK$39 billion (US$5.03 billion) led by the Hong Kong government to help it weather the COVID-19 pandemic. The government will be issued HK$19.5 billion of preference shares giving it a 6 per cent stake ...
LONDON: G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to better balance investment portfolios during stressful times. Corporate and Chinese government debt are among alternatives being explored by multi ...
British government borrowing is soaring to levels not seen since World War Two, something Prime Minister Boris Johnson and his finance minister Rishi Sunak will try to fix once the worst of the coronavirus crisis has passed.
Chanel, Revlon and L'Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount.
Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors.
REUTERS: Online used car seller Vroom Inc raised US$467.5 million in its U.S. initial public offering, the company said on Monday, as the IPO market picks up momentum after the COVID-19 pandemic placed many debuts on hold. Vroom priced its IPO at US$22, above the initially marketed range of...
