Abu Dhabi-based Etihad Airways posted on Thursday a core operating loss of $1.7 billion for 2020, more than double the year before due to lower demand and reduced service in the pandemic. Etihad has also slashed jobs and salaries.
Malaysian sovereign wealth fund Khazanah Nasional's holding in Malaysia Airlines has been diluted as a result of debt-to-equity conversions that were part of the airline's debt restructuring plan, the fund said on Thursday.
Abu Dhabi-based Etihad Airways on Thursday posted a core operating loss of $1.7 billion in 2020, more than doubling from a year earlier, citing lower demand and reduced service due to the pandemic.
Malaysian sovereign wealth fund Khazanah Nasional's holding in Malaysia Airlines has been diluted as a result of debt-to-equity conversions that were part of the airline's debt restructuring plan, the fund said on Thursday.
No doubt there's a calmer tone in world bond markets after last week's sharp selloff. Yet Federal Reserve Chairman Jerome Powell is under pressure to spell out his thoughts and possible action on rising U.S. bond yields when he speaks later.
Lufthansa may permanently ground more planes to emerge leaner from the coronavirus pandemic, the German airline group said on Thursday as it posted record losses for 2020.
Aker Clean Hydrogen (ACH), a hydrogen-focused arm of Norway's Aker group, is set to raise up to 3 billion crowns ($353 million) in a private placement and to list its shares on Oslo's small cap market, its parent company said on Thursday.
Green Thumb Industries Inc said it would make and distribute Gwyneth Paltrow-backed THC- and CBD-infused sparkling water Cann in the United States, banking on the brand's early success in California and rising demand for cannabis drinks.
Nickel prices on Thursday hit a 10-week low in London and were set for their biggest drop in nine months in Shanghai after a major deal by Chinese firm Tsingshan eased worries of battery-grade nickel supply shortage.
French defence and aerospace group Thales predicted a progressive recovery in most businesses this year after seeing 2020 sales and profits dragged lower by the COVID-19 crisis.
Deutsche Lufthansa on Thursday posted a smaller-than-expected net loss in the fourth quarter and forecast an operating loss in 2021 below last year's level.
London nickel prices hit their lowest in more than two months on Thursday while the Shanghai contract for the metal also dropped on concerns of oversupply in the nickel battery market after Chinese giant Tsingshan announced a major supply pact.
Chilean miner SQM, the world's No. 2 producer of lithium, said on Wednesday it posted record lithium sales in the last quarter of 2020, although floundering prices for the ultralight metal continued to weigh on the company´s profits.
Pot producer Green Thumb Industries Inc said it would make and distribute Gwyneth Paltrow-backed CBD-infused sparkling water "Cann" across the U.S, banking on the brand's early success in California and rising demand for cannabis drinks.
American Eagle Outfitters Inc forecast higher spending for fiscal 2021 on Wednesday, as the apparel retailer plans supply chain investments to ensure fast delivery and easy shopping for consumers making online purchases.
American Eagle Outfitters Inc beat Wall Street expectations for fourth-quarter revenue on Wednesday, boosted by demand for lingerie and loungewear from its high-growth brand, Aerie.
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in
Boeing Co-backed supersonic jet maker Aerion said on Wednesday Berkshire Hathaway's private aircraft firm, NetJets, has obtained purchase rights for 20 of its AS2 business jets.
The Brazilian unit of Bunge Ltd is launching an effort to make sure that soybean growers in the Cerrado area who indirectly supply the company are producing their crops in an environmentally responsible way, according to a statement on Wednesday.
U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to use $40 billion in her department's loan program office that went mostly unused in the last four years to boost the transition to clean energy.