Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact – document

BANGKOK (Reuters) – Thai Airways International PCL (THAI.BK) plans to seek a 58.1 billion baht ($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 the plan. Empty lines are seen at Thai Airways counters in Suvarnabhumi Continue Reading

Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter

BOSTON (Reuters) – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony Scaramucci wrote in a letter to clients, saying he was “embarrassed” by the loss. FILE Continue Reading

White House aims to zero in on further stimulus to help battered economy

WASHINGTON (Reuters) – White House advisers hope to come up with several options to present to President Donald Trump for “big thoughtful policies” to help rebuild confidence in an economy battered by the coronavirus pandemic, a Trump economic adviser said on Sunday. A man stands in front of a Modell’s Continue Reading

Your Money: Stimulus check confusion? Common questions, answered

NEW YORK (Reuters) – In a little over a year, when Americans file their 2020 tax returns, much of what is going on with coronavirus-linked stimulus payments will finally add up. FILE PHOTO: FILE PHOTO: U.S. currency is seen in this picture illustration taken March 6, 2020. REUTERS/Mike Segar/Illustration Until Continue Reading

Oil exec and Trump ally Hamm seeks U.S. probe of oil price crash

WASHINGTON (Reuters) – The founder of Continental Resources Inc (CLR.N), an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe whether market manipulation or system failure was behind this week’s unprecedented plunge in U.S. crude futures. FILE PHOTO: U.S. President Donald Continue Reading

U.S. stock funds see third inflow in a row, high-yield corporate bond funds see record: Lipper

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri (Reuters) – Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt Continue Reading

Exclusive: Amazon deploys thermal cameras at warehouses to scan for fevers faster

(Reuters) – Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, employees told Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Continue Reading