Shares in Malaysia's AirAsia Group Bhd were halted on Wednesday after its auditor said there were material uncertainties that cast doubt on the budget carrier's ability to continue as a going concern.
Shares in Malaysia's AirAsia Group Bhd were halted on Wednesday after its auditor said there were material uncertainties that cast doubt on the budget carrier's ability to continue as a going concern.
Retailers Next Plc, Zalando SE and Amazon.com Inc are delisting products made by Britain's Boohoo Group Plc following a media report about dire working conditions in an English factory that supplied the popular brand.
Levi Strauss & Co on Tuesday cautioned its business would be hit in the second half of the year, even as the denim apparel maker's sales have been improving at its reopened stores, following government-mandated COVID-19 lockdowns.
Levi Strauss & Co's quarterly revenue topped estimates on Tuesday, and the denim apparel maker said its sales were improving as stores reopen following government-mandated COVID-19 lockdowns.
Mexican airline Aeromexico is looking to restructure 7 bonds worth a total of 6.8 billion pesos ($300 million), a Mexican media outlet said on Tuesday, after filing for bankruptcy due to the fallout from the coronavirus pandemic.
Parts of South African retail chain Edcon are likely to be sold to private equity-backed Retailability Ltd, administrators in charge of its restructuring said.
In trading on Tuesday, shares of Worthington Industries, Inc. (Symbol: WOR) crossed below their 200 day moving average of $33.82, changing hands as low as $33.49 per share. Worthington Industries, Inc. shares are currently trading off about 4.2% on the day. The chart below s
In Dubai's Atlantis resort, at the head of a palm tree-shaped island, workers in face masks clean cushions, sofas and king-size beds in luxury suites that have largely been vacant since the coronavirus pandemic.
Five additional U.S. air carriers - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - plan to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday.
Energy stocks are lower amid weakness in the broader benchmarks as well as oil prices as investors used concerns about rising covid cases as an opportunity to book profits.
Five additional U.S. airlines - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - have taken steps to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday.
United Airlines has warned of booking declines and potential furloughs due to new travel restrictions, the Wall Street Journal reported on Tuesday, citing an internal presentation to the carrier's employees.
United Airlines has warned of booking declines and potential furloughs due to new travel restrictions, the Wall Street Journal reported on Tuesday, citing an internal presentation to the carrier's employees.
The world's top oil and gas companies locked in cheap borrowing rates to raise a record amount of debt in the second quarter of 2020 and boost cash reserves as a buffer against a collapse in revenues because of COVID-19.
Top British and European Union negotiators will dine at Number 10 Downing Street later on Tuesday, kicking off the latest round of Brexit talks that have all but stalled because of major differences over their future relationship.
Aircraft lessor Avolon on Tuesday said it had cancelled 27 Boeing 737 MAX planes since the end of March, in addition to the 75 it cancelled in the first three months of the year.
Diego Della Valle, chairman and chief executive of Italian luxury brand group Tod's, reiterated he had no intention of selling the company, often seen by analysts as a possible target for investors.
Palm oil demand in India, the world's top edible oil importer, is set to plunge this year as coronavirus lockdowns slash food service sector demand and households opt for alternatives at the supermarket.
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