Advertisements



We are Sorry, This Page doesn't Exist


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......»»

Category: topSource: reutersApr 14th, 2020

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......»»

Category: topSource: reutersApr 14th, 2020

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......»»

Category: topSource: reutersApr 6th, 2020

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......»»

Category: topSource: reutersApr 3rd, 2020

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......»»

Category: topSource: reutersMar 23rd, 2020

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.....»»

Category: earningsSource: benzingaMar 19th, 2020

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.....»»

Category: topSource: businessinsiderMar 19th, 2020

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......»»

Category: topSource: foxnewsMar 12th, 2020

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......»»

Category: topSource: reutersFeb 28th, 2020

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.....»»

Category: topSource: businessinsiderFeb 26th, 2020

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......»»

Category: topSource: reutersFeb 25th, 2020

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......»»

Category: topSource: reutersFeb 17th, 2020

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 .....»»

Category: blogSource: valuewalkFeb 14th, 2020

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......»»

Category: topSource: reutersFeb 14th, 2020

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......»»

Category: topSource: reutersFeb 14th, 2020

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......»»

Category: topSource: reutersFeb 13th, 2020

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......»»

Category: topSource: reutersFeb 12th, 2020

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......»»

Category: topSource: reutersFeb 6th, 2020

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......»»

Category: videoSource: reutersJan 31st, 2020

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......»»

Category: topSource: reutersJan 31st, 2020