MEXICO CITY (Reuters) – Shares in airline Aeromexico closed up 4.48% on Friday, rising for a second straight day even as the company missed a debt payment after filing for […]
Commerzbank chairman and CEO bow out to give lender a fresh start
FRANKFURT (Reuters) – Commerzbank’s chairman and chief executive stepped down on Friday, bowing to demands from top shareholder Cerberus that the German lender change its strategy to stop a downward […]
HSBC pledges more investments in China even as tension escalates over Hong Kong
HONG KONG (BLOOMBERG) – HSBC Holdings pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security […]
Delta amends credit facility to include stricter covenants
(Reuters) – Delta Air Lines Inc (DAL.N) said on Thursday it has amended its $2.65 billion credit facility agreement with covenants, which include restricting the U.S. airline’s ability to pay […]
Fed deluged by letters from needy over U.S. loan program
(Reuters) – The U.S. Federal Reserve on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging wider access to its Main Street Lending […]
Factory data, vaccine bets power stocks higher; U.S. dollar dips
NEW YORK (Reuters) – Stocks across the globe rose on Wednesday following a string of data pointing to a recovery in manufacturing and on bets for a COVID-19 vaccine, while […]
U.S. employers announced more job cuts in June: report
WASHINGTON (Reuters) – U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into bankruptcy, a report showed […]
Police raid Wirecard headquarters as administrator kicks off asset sales
FRANKFURT (Reuters) – Police and public prosecutors raided Wirecard’s headquarters in Munich and four properties in German and Austria on Wednesday as they widened their fraud investigation into the payments […]
Ryanair to cut 3,500 jobs if pay cuts not agreed, says CEO
DUBLIN (Reuters) – Ryanair (RYA.I) is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline’s boss Michael O’Leary said on Wednesday. Europe’s biggest […]
FedEx shares soar almost 9% as quarterly results top expectations
LOS ANGELES (Reuters) – Shares of FedEx Corp (FDX.N) jumped 8.5% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected […]