Administrators in charge of South African Airways (SAA) said on Tuesday that they were suspending all operations and putting the struggling state-owned airline under "care and maintenance" until funding for a restructuring plan was found.
China's Tianqi Lithium Corp said on Tuesday it may not be able to make a $1.88 billion repayment due in November on a loan taken out to buy a stake in Sociedad Minera y Quimica de Chile (SQM) in 2018.
Ghana's cocoa board (Cocobod) signed on Tuesday a $1.3 billion pre-export finance deal for the 2020/21 cocoa season through a syndicated loan, following reports earlier this year that its usual lenders had declined to underwrite the risk.
China's Tianqi Lithium Corp said on Tuesday it may not be able to make a $1.88 billion repayment on a loan taken out to buy a stake in Chilean miner Sociedad Minera y Quimica de Chile (SQM) in 2018 as the due date fast approaches.
Tiffany & Co said on Tuesday LVMH's countersuit to drop its $16 billion acquisition of the U.S. jeweler was an attempt to avoid paying the full purchase price.
Tiffany & Co said on Tuesday LVMH's countersuit to drop its $16 billion bid for the U.S. jeweler was just an attempt to evade paying the full purchase price.
Singapore Airlines plans to turn one of its grounded jumbo jets into a pop-up restaurant and offer home-delivered plane food as part of a series of initiatives to try an re-engage customers who have not been able to travel due to the coronavirus pandemic.
Citibank has updated its month-end FX hedge rebalancing estimate, to reflect the rise in equity prices over recent days and its impact on the preliminary month-end hedge rebalancing signals from Sept. 24.
The head of Lufthansa-owned airline Swiss International will step down at the end of 2020, Swiss said on Tuesday, with a successor yet to be determined.
Pilots at Hong Kong's Cathay Pacific Airways Ltd are pushing to be included in restructuring talks at the carrier and will run a newspaper advertisement to drum up public support, a union representing them told Reuters on Tuesday.
A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late on Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, although tough hurdles remained.
A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, though tough hurdles remained.
Air New Zealand Ltd said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.
Brazil's biggest lobby group for soy farmers Aprosoja has broken ties with the Brazil Agribusiness Association (Abag) over its support for an initiative calling on the Brazilian government to rein in soaring deforestation in the Amazon rainforest.
Air New Zealand Ltd said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.
The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration's (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX crashes.
The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration's aircraft certification process in the wake of two fatal Boeing 737 MAX crashes.
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