Norwegian Air’s debt plan sharply dilutes stake of current owners
Norwegian Air’s proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed...
VW re-starts Europe’s largest car factory after coronavirus shutdown
Volkswagen the world’s largest carmaker by sales, on Monday said it had resumed work at its biggest factory in Wolfsburg, Germany, to give its workers...
No decision yet on state aid for Germany’s Lufthansa: minister
Berlin will decide on state support for Lufthansa once the country’s largest airline applies for aid and all facts are on the table, the German...
Adidas expects sales to fall at least 40% in second quarter
German sportswear firm Adidas expects to take a bigger hit from the coronavirus lockdowns in the second quarter, predicting that sales will fall more than...
Bayer more stringent in glyphosate settlement talks due to downturn
German drugs and pesticides company Bayer said the economic downturn due to the coronavirus has prompted it to take a tougher stance in talks to...
Asia shares rally as BOJ buys more bonds; U.S. crude skids
Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while...
Taper Tantrum II? Fed’s slowing Treasury purchases may boost bond yields
The Federal Reserve’s gradual withdrawal from the U.S. Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government...
U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi
A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group...
Oil falls, June WTI leads losses on storage fears
Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to...
Australia’s NAB taps investors for $2.2 billion as coronavirus halves profit
National Australia Bank Ltd , the country’s No.3 lender, asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend on Monday as its first-half...