Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock

Singapore Airlines (SIA) is tapping existing investors for up to S$15 billion ($10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak......»»

Category: topSource: reutersMar 26th, 2020

Singapore Airlines obtains $13 billion rescue package amid coronavirus shock

State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion) of liquidity into Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic......»»

Category: topSource: reutersMar 27th, 2020

Singapore Airlines latest to get massive rescue amid coronavirus crisis

Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»

Category: topSource: reutersMar 27th, 2020

Singapore Airlines secures $13 billion to survive coronavirus and grow after

Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»

Category: topSource: reutersMar 26th, 2020

World stocks sink on coronavirus shock, oil price crash

Global share markets plunged on Monday as panicked investors fled to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia......»»

Category: topSource: reutersMar 9th, 2020

Coronavirus Wreaks Havoc on Chinese Markets, as Tech Responds to Outbreak

Investors wiped around $420 billion from China’s premier stock index, as commodities were dumped amid the country’s accelerating Coronavirus outbreak. The Shanghai Composite tumbled almo.....»»

Category: topSource: redherringFeb 3rd, 2020

H&M borrows 980 million euros to boost liquidity buffer amid pandemic

H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic......»»

Category: topSource: reuters2 hr. 12 min. ago

Tesco defends dividend payout as warns coronavirus costs could top $1 billion

Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis......»»

Category: topSource: reuters2 hr. 12 min. ago

Figure of $6.5 billion in loans for Air France KLM "not unrealistic": minister

A figure of 6 billion euros ($6.5 billion) in loans to help Air France KLM amid the coronavirus crisis is "not unrealistic", French junior transport minister Jean-Baptiste Djebbari said on Wednesday......»»

Category: topSource: reuters6 hr. 42 min. ago

U.S. Treasury talks continue on $25 billion in aviation grants

Talks between U.S. airlines and the Treasury Department over how to award $25 billion in cash grants earmarked for payroll assistance due to the coronavirus outbreak were set to continue into the evening Tuesday, people briefed on the matter said......»»

Category: topSource: reuters13 hr. 42 min. ago

Oil prices jump as focus swivels to OPEC, Russia meeting on output cuts

Oil climbed on Wednesday, reversing most of the prior session's losses, as investors pinned hopes on a Thursday meeting where OPEC members and allied producers will discuss output cuts to shore up prices that have tumbled amid the coronavirus pandemic......»»

Category: topSource: reuters13 hr. 42 min. ago

WeWork sues SoftBank for dropping $3 billion tender offer

A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse" amid the novel coronavirus outbreak......»»

Category: topSource: reuters19 hr. 12 min. ago

Stocks surge for second day amid apparent virus slowdown

Stocks rallied on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases......»»

Category: topSource: moneycentralApr 7th, 2020

Stocks aim for back-to-back gains as investors focus on coronavirus case tally

U.S. stocks opened sharply higher on Tuesday, on track to consolidate their gains from the day before, amid hopes that the rate of increase in COVID-19 cases in the U.S. and Western .....»»

Category: topSource: marketwatchApr 7th, 2020

Millions of aviation jobs at risk, airlines beg for govt support: IATA

Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the industry's representative body launched a plea for urgent government support amid warnings that carriers are running out of cash......»»

Category: topSource: reutersApr 7th, 2020

Airbnb raises $1 billion from investors as the company takes a big hit from the coronavirus crisis

Mike Segar/Reuters Airbnb has raised $1 billion in debt and equity from Silver Lake and Sixth Street Partners, the company announced Monday. Airbnb .....»»

Category: topSource: businessinsiderApr 6th, 2020

Market Snapshot: Dow jumps more than 4% Monday morning amid hopes that coronavirus outbreak is starting to stabilize

Stocks trade sharply higher Monday morning as investors appear eager to focus on signs that the rapid spread of the COVID-19 disease was stabilizing in the epicenter of the outbreak in the U.S......»»

Category: topSource: marketwatchApr 6th, 2020

New Dawn: Week Begins With Optimistic Tone Amid Positive Signs From Europe, New York State

There’s the old saying that it’s always darkest before the dawn. As today’s trading dawns, investors seem to be more optimistic this morning as they may be sensing signs of a turnaround in the global coronavirus pande.....»»

Category: earningsSource: benzingaApr 6th, 2020

US could stockpile 1B barrels of oil amid coronavirus price crash: energy secretary

Energy Secretary Dan Brouillette said he's looking into reserving up to 1 billion barrels of oil at the direction of President Trump......»»

Category: topSource: foxnewsApr 6th, 2020

Here is What Hedge Funds Think About Southwest Airlines Co. (LUV)

Coronavirus is probably the #1 concern in investors’ minds right now. It should be. On February 27th we published an article with the ti.....»»

Category: topSource: insidermonkeyApr 5th, 2020

Exclusive: Silver Lake to seek more than $16 billion for buyout fund - sources

Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter......»»

Category: topSource: reutersApr 5th, 2020