Thai Airways International PCL aims to seek a 58.1 billion baht (US$1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.
This time it is capital markets, rather than banks, that have to reform, says the Financial Times Martin Wolf.
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 the United States and other countries, according to data from Microsoft Corp's professional networking site LinkedIn.
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 in the second-quarter due to the coronavirus.
UOB, Singapore Press Holdings (SPH) and Singtel are collaborating to provide close to 250 disadvantaged students in Singapore with a new laptop and online learning resources. This comes amid the shift to remote learning during the coronavirus outbreak.
Royal Dutch Shell cut its dividend for the first time in 80 years on Wednesday after a sharp drop in profit as global oil demand collapsed due to coronavirus.
LONDON: Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they're frantically scouring the terms to see just what firms can get away with to survive the fallout. At the same time, firms starved of cash ......
Carlsberg said on Thursday sales fell 7per cent in the first quarter with a further decline expected this quarter, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.
Nokia Oyj reported lower-than-expected revenues for the first three months of the year on Thursday, but eked out a small profit, backed by good demand for 5G telecoms equipment.
SAN FRANCISCO: Google said Thursday (Apr 30) its task force devoted to fighting "bad" ads hawking bogus COVID-19 cures, illegitimate unemployment benefits and overpriced medical supplies had blocked tens of millions of messages. Google has blocked and removed coronavirus-related marketing pitches ...
