Tiffany amends debt pacts for financial leeway amid pandemic, slump in sales
U.S. luxury jeweler Tiffany & Co , which is being bought by France’s LVMH for $16 billion, said on Tuesday it had amended some of...
Oil dips on oversupply concerns and stronger dollar
Oil prices fell on Tuesday, weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would...
Factbox: Why Tiffany’s debt obligations matter for its sale to LVMH
U.S. jewelry chain Tiffany & Co said on Tuesday that it amended some of the terms of its debt to give it financial breathing space,...
Airline industry headed for $84 billion loss this year: IATA
The coronavirus crisis will lead the airline industry into record annual losses of $84 billion as 2020 goes down as the “worst year in the...
EU trade chief Hogan says he is considering bid to become WTO chief
European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, a...
Singapore’s migrant workers fear financial ruin after virus ordeal
As Sharif Uddin contemplates leaving the cramped Singapore dormitory where he has spent weeks under coronavirus quarantine, fears about his future creep in....
Tiffany amends debt agreements amid LVMH deal, sales slump
U.S. luxury jeweler Tiffany & Co said on Tuesday it had amended certain of its debt agreements in order to have sufficient liquidity to navigate...
Oil down on stronger dollar, oversupply concerns
Oil prices fell on Tuesday weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would...
Futures fall as recovery rally pauses ahead of Fed meeting
U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus...
S&P cuts Japan’s debt outlook as spending surges during pandemic
S&P Global Ratings on Tuesday lowered its outlook on Japan’s sovereign debt rating to stable from positive, citing increased uncertainty over the country’s fiscal health...