A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.
Several staffers at major retail chains, including J.C. Penney Co Inc and Saks Fifth Avenue, reported for duty at some Texas-based stores on Friday, selling merchandise "to-go" for orders placed online.
European markets are hoping the ECB, again facing the task of rescuing the euro zone, will soon add junk-rated company debt to its stimulus programmes, but some investors say such a bold move might prove counterproductive.
A previously unreported Brazilian court injunction last month has thrown a wrench into Bunge Ltd's plan to take over two soy processing plants from local crusher Imcopa, according to court filings seen by Reuters.
Several employees at JBS SA's poultry plant in the town of Passo Fundo, in the southern Brazilian state of Rio Grande do Sul, have contracted COVID-19, a source close to the company said on condition of anonymity on Friday.
With millions of people hungry in Venezuela, acute fuel shortages are forcing farmers to let crops rot in fields or feed them to livestock since they cannot transport food to market during the coronavirus quarantine.
Norway's parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19.
Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht ($770.65 million) from the government to support their businesses amid the coronavirus outbreak, an airline executive said on Friday.
China's securities regulator said on Friday it had approved the launch of hog futures by the Dalian Commodity Exchange in a long awaited move for the world's top pork producer.
German supermarket chain Rewe is looking for takeover candidates to complement its grocery and tourism activities, despite the coronavirus crisis, chief executive Lionel Souque said on Friday.
Steel stockpiles in China fell for a sixth straight week helped by accelerating demand in construction sector, but were still hovering near a five-year high as mills ramped up production after slowing output during the height of the coronavirus outbreak.
EU leaders finally agreed to build a trillion-euro emergency fund to fund recovery from the coronavirus pandemic. But while they managed to avoid another all-night bust-up, they have left the more divisive details until the summer.
Two state-owned banks in South Korea said on Friday they would provide up to 1.2 trillion won ($971 million) in liquidity to support Korean Air Lines Co Ltd as the aviation industry reels from the coronavirus crisis.
British luxury brand Burberry will continue to pay its employees who are unable to fulfil their roles because of store or site closures during the coronavirus crisis and will not rely on government help, it said on Friday.
Two state-owned banks in South Korea said on Friday they will provide up to 1.2 trillion won ($972 million) in liquidity to support Korean Air Lines Co Ltd as the aviation industry reels from the coronavirus crisis.
British luxury brand Burberry will continue to maintain base pay for all of its employees who are unable to fulfil their roles because of store or site closures, it said on Friday.
In Nigeria's Benue state, the food basket of the country, Mercy Yialase sits in front of her idle rice mill. Demand is high across the nation, but she already has mounds of paddy rice that are going nowhere amid the COVID-19 lockdown.
Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review and will seek a three-month payment waiver from aircraft lessors, according to the company's administrators.
Reuters
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