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

U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April

WASHINGTON (Reuters) – The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on Friday, ahead of an expected April spending explosion and withering of revenues amid the coronavirus pandemic. A U.S. five dollar Continue Reading

U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

NEW YORK (Reuters) – U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic. FILE PHOTO: A man wears a protective Continue Reading

EU antitrust regulators to rule on $69 billion Aramco, SABIC deal by February 27

The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed BRUSSELS (Reuters) – EU antitrust regulators will decide by Feb. 27 whether to clear state energy Continue Reading

Ericsson to pay over $1 billion to resolve U.S. corruption probes

WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China Continue Reading

AT&T to add directors, sell up to $10 billion in assets next year

(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management. The second-largest Continue Reading

Fallout from money manager Kenneth Fisher’s remarks tops $1 billion in lost assets

BOSTON (Reuters) – Fallout from Kenneth Fisher’s alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. The Iowa Public Employees’ Retirement System was Continue Reading

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture

SEOUL/NEW YORK (Reuters) – Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv (APTV.N), the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market. FILE PHOTO: The logo of Hyundai Motor is Continue Reading