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Adidas gets 3 billion euro government backed loan, suspends dividend
German sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro ($3.3 billion) government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus......»»
Fiat Chrysler bolsters cash with $3.8 billion syndicated credit
Fiat Chrysler said on Tuesday it had successfully completed the syndication of a 3.5 billion euro ($3.8 billion)credit facility which it had agreed last month with two banks......»»
As Germany reels from coronavirus, some officials debate impact on banks
As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help......»»
Exclusive: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive billions of euros in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters......»»
Airbus adds 15 billion euro credit line, scraps dividend
Airbus boosted its liquidity with a 15 billion euro ($16 billion) expanded credit facility on Monday while suspending its 2020 outlook in response to the coronavirus crisis that has grounded much of the global airlines fleet......»»
A Peek Into The Markets: US Stock Futures Down; WTI Crude Oil Rises Over 10%
Pre-open movers U.S. stock futures traded lower in early pre-market trade. The European Central Bank announced a €750 billion ($820 billion) stimulus package. Data on initial jobless claims for the latest week, the Phil.....»»
The European Central Bank has launched a "bazooka" $820 billion pandemic fund to aid markets. "There are no limits."
Reuters The European Central Bank (ECB) has unveiled a new €750 billion ($820 billion) response to the cor.....»»
European Central Bank offers stimulus to curb coronavirus impact
The central bank for the 19 countries that use the euro decided to buy up to 120 billion euros ($132 billion) more in bonds this year......»»
UBS CEO"s pay slips to $1 million a month as Swiss bank"s top bosses pocket $113 million
UBS Chief Executive Sergio Ermotti, one of Europe's best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the bank was hit with a multi-billion-euro court case and it missed earnings goals......»»
The coronavirus epidemic could wipe out $43 billion of luxury sales in 2020
Photo by Alex Tai/SOPA Images/LightRocket via Getty Images Luxury execs are expecting the coronavirus epidemic to cost the luxury market as much as €30 to €40 billion ($3.....»»
EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6
EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica's 7.2 billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing......»»
Euro zone ministers discuss fiscal boost options as virus worries weigh
Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic......»»
Why the coronavirus could boost the gold price even more
The gold price hit new record highs against the euro and yen today, even as the U.S. dollar continues to hold up well against the... The post Why the coronavirus could .....»»
Google protests "eye-catching" $2.6 billion EU fine, judge disagrees
Google on Friday attacked what it called an eye-catching 2.4 billion euro ($2.6 billion) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount......»»
Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus
Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday......»»
Airbus pledges profit gain after bribery settlement hit
Airbus plunged to a 1.362 billion euro ($1.48 billion) net loss in 2019, weighed down by a multinational bribery settlement, but the European aerospace group pledged to increase operating profit and deliver 880 commercial jets this year......»»
Google says EU antitrust regulators holding back innovation
Google defended its business model on Wednesday, saying that making innovative products was at its core rather than helping rivals, as it sought to overturn a 2.4-billion-euro ($2.6 billion) EU antitrust fine at Europe's second-highest court......»»
EU regulators to investigate EssilorLuxottica"s 7.2-billion-euro Dutch deal
EU antitrust regulators opened on Thursday an in-depth investigation into Ray-Ban maker EssilorLuxottica's 7.2 billion euro bid for Dutch opticians group GrandVision , saying the deal could push up prices......»»
Shrinking French economy adds to euro zone GDP growth miss
France's economy unexpectedly shrank in the fourth quarter, contributing to a weaker-than-expected outcome for the euro zone as a whole. Julian Satterthwaite reports......»»
Exclusive: EssilorLuxottica"s €7.2 billion Dutch deal faces full EU probe - sources
EssilorLuxottica's 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns, people familiar with the matter said on Friday......»»