Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact – document
By Chayut Setboonsarng and Panu Wongcha-um BANGKOK (Reuters) - Thai Airways International PCL aims to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a...
Apr 30, 2020
JAL forgoes earnings forecast, dividend amid coronavirus uncertainty
TOKYO (Reuters) - Japan Airlines on Thursday declined to release an annual earnings forecast or pay a shareholder dividend amid uncertainty over the future of air travel as the coronavirus pandemic sa...
Apr 30, 2020
Austria’s GDP shrinks 2.7% in first quarter; largest fall since financial crisis
BERLIN (Reuters) - Austrian economic output fell by 2.7% in the first quarter of 2020 compared to previous year, economic think-tank Wifo said on Thursday, saying such a drop was last seen during in t...
Apr 30, 2020
Exclusive: Finance, tech firms on hiring spree amid coronavirus turmoil – LinkedIn
By Kanupriya Kapoor LONDON (Reuters) - The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in th...
Apr 30, 2020
KLM expects talks on financial aid to take weeks: Telegraaf
AMSTERDAM (Reuters) - KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De Telegraaf reported on ...
Apr 30, 2020
BAT sticks to earnings forecast, flags first signs of sales weakness
(Reuters) - British American Tobacco said on Thursday it was maintaining its guidance of high single figure earnings per share growth for 2020 while expecting some impact on volume and revenue growth ...
Apr 30, 2020
Britain’s Sainsbury’s warns coronavirus profit impact could be £500 million
LONDON (Reuters) - British supermarket group Sainsbury's estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend payment decis...
Apr 30, 2020
China to increase subsidies by 50% for some airports
BEIJING (Reuters) - China will increase subsidies for small and medium-sized airports, the finance ministry said on Thursday. The government will raise subsidies by 50% for airports that cross the 2 m...
Apr 30, 2020
Coronavirus plunges French economy into worst post-war slump
PARIS (Reuters) - France saw its sharpest economic contraction since World War II in the first quarter as a lockdown from mid-March left shops shuttered and consumers hunkered down at home, official d...
Apr 30, 2020
The devil’s in the detail for junk debt investors facing coronavirus defaults
By Yoruk Bahceli LONDON (Reuters) - Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they're frantical...
Apr 30, 2020
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