In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
In a statement Lufthansa said, it has agreed to lease four new Airbus A350-900 long-haul passenger jets in a move aimed at restructuring its balance sheet midst the coronavirus-induced COVID-19 pandemic. “Airplanes are currently available at low lease rates as carriers… Read More ›
In a statement Rolls-Royce said, it has agreed to sell its Spanish unit ITP Aero for $2.0 billion (1.7 billion euros) to a consortium led by Bain Capital Private. The development sees the British engineering company closing in on its… Read More ›
According to two sources familiar with the matter at hand, Air France-KLM’s board is expected to meet on Monday to discuss a state-backed refinancing plan aimed at strengthen its balance sheet following a year of coronavirus-induced shutdowns. Sources went on… Read More ›
In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›
In a statement Rolls-Royce said, it plans on raising $2.6 billion (2 billion pounds) from shareholders, 1 billion pounds from the bond market and secure loans to rebuild its balance sheet. The coronavirus pandemic has ravaged Rolls Royce’s finances after… Read More ›
In a statement, Brazil’s state-run oil firm Petrobras said, it has lost an appeal over $2.14 billion (9 billion reais). The case relates to a tax dispute which dates back to 2011 and 2012. Petrobras said, it will stick to… Read More ›
Although risk premiums for the GACS scheme are pricey for the Italian government, but given its size of 100 billion euros, the Italian government is likely to be hard pressed on ways to significantly trim it no matter how complicated… Read More ›
The shifting sands of the Dow are testament to the companies that were once perceived as unassailable household names before falling victims to an evolving economy. An original member of the S&P Dow Jones Indices, General Electric Co has lost… Read More ›
The likelihood of the Republican tax bill undergoing change is high since the House tax bill aims to not only cut taxes, which by itself is hard, but is also taking on provisions that are specific to certain industries, which… Read More ›
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