Malaysia's national carrier has deferred by six months payments to holders of 1.5 billion ringgit ($362.49 million) in Islamic bonds, CIMB Investment Bank, the facility agent, said.
Canadian Prime Minister Justin Trudeau will unveil on Wednesday what he says is a far-reaching plan to help the economy recover from the coronavirus pandemic while ensuring efforts to fight the outbreak do not falter.
Australian agricultural chemicals maker Nufarm Ltd reported an annual loss on Wednesday compared to a profit last year as a writedown of its European assets, weak demand and higher manufacturing costs cut into its bottom line.
Major U.S. airlines launched a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert tens of thousands of employee furloughs set to begin Oct. 1.
Canadian pot producer Aurora Cannabis Inc on Tuesday forecast first-quarter revenue below analysts' estimates, sending its U.S-listed shares tumbling 15%.
Major U.S. airlines plan to make a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert thousands of employee furloughs set to begin Oct. 1, even as a separate $25 billion in government loans for the sector sits untapped.
Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing 737 MAX’s return to service and disclose any internal objections raised by FAA employees.
Argentina's soy crushing volume is set to drop around 9.5% this year, the head of the CIARA-CEC grains exporting chamber told Reuters on Tuesday, important for both the global soy market and the country's inflow of much-needed hard currency.
Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.
Ivory Coast's economy has weathered the impact of the coronavirus better than expected and will return to growth of 7-8% next year, up from an anticipated 1.5-2% for 2020, President Alassane Ouattara said on Tuesday.
U.S. President Donald Trump used the United Nations General Assembly on Tuesday to attack China's handling of the coronavirus pandemic, saying the world body "must hold China accountable" for its actions related to the outbreak.
Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.
Colombian airline Avianca Holdings on Tuesday said it had submitted for court approval a $2 billion bankruptcy financing plan that includes a $700 million convertible loan.
The airline industry is never going to get back to the way it was before coronavirus, warned the former chief executive of British Airways-owner IAG, adding it will be smaller but more efficient in the future.
Colombian airline Avianca Holdings on Tuesday said it had submitted for court approval a $2 billion bankruptcy financing plan that includes a $700 million convertible loan partly funded by United Airlines Holdings.
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Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing MAX’s return to service and disclose any internal objections raised by FAA employees.
Ralph Lauren Corp has decided to cut its global workforce by the end of its fiscal year as part of a company-wide restructuring to focus more on online sales, it said on Tuesday.
Global airlines on Tuesday called for pre-departure COVID-19 testing for all international passengers to replace the quarantines they blame for exacerbating the travel slump.