Thai Airways International PCL aims 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 its plan.
April is said to be the cruellest month, and for those stricken by coronavirus or its economic fallout that may seem to be the case. But it's been unexpectedly kind to equity markets. MSCI's index of world stocks are set for their best month ever and the S&P500 looks likely to post its best monthly gain since 1974.
Thai Airways International PCL aims 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 its plan.
Japan Airlines on Thursday declined to release an annual earnings forecast or pay a shareholder dividend amid uncertainty over the future of air travel as the coronavirus pandemic saps demand for flights.
European planemaker Airbus is in talks with the French state regarding possible aid for the company, one of many in the transport sector to have been hit hard by the coronavirus crisis, said Airbus Chief Executive Guillaume Faury on Thursday.
Businessman Phan Quoc Viet was making his usual prayers at a pagoda in Tay Ninh, a province in southern Vietnam, when the government official's call came.
Virgin Australia Holdings Ltd's administrators said on Thursday they had given eight potential buyers access to a data room and were negotiating with another 12 about doing so as they seek to sell the country's second-biggest airline by end-June.
Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the first three tumultuous months of 2020, the World Gold Council said on Thursday.
Virgin Australia Holdings Ltd's administrators have halted payments to bondholders and appointed Morgan Stanley to help sell the airline within four months, said a participant in a meeting of creditors owed nearly A$7 billion ($4.58 billion).
Tyson Foods Inc is halting operations at a beef facility in Dakota City, Nebraska until May 4 to complete a deep cleaning of the plant amid the coronavirus outbreak, a unit of the largest U.S. meat supplier said on Wednesday.
New Zealand dairy giant Fonterra's exports to no. 1 market China slid 1.4% in the first two months of the year from the same period a year ago, it said on Thursday, citing public health measures imposed to counter the coronavirus pandemic.
Struggling Mexican airline Interjet suffered a heavy blow on Wednesday when it was suspended from the clearing house membership of the International Air Transport Association (IATA) for failing to keep up with payments.
New Zealand's Fonterra said on Thursday dairy import volumes by its key Chinese market fell 1.4% in the first two months of the year, due to public health measures put in place to curb the spread of the coronavirus.
Mexican tomato farmers are so hard pressed to sell their product at home or abroad due to the disruptions caused by the coronavirus outbreak that they have had to donate some of their produce to food banks or use it to feed cattle.
Cargill said on Wednesday it will start to reopen its beef processing plant in High River, Alberta in early May after the plant was forced to close down because hundreds of workers had become infected with the coronavirus.
Archer Daniels Midland Co beat quarterly profit estimates on Wednesday as the global grains trader was helped by strength in its ag services and oilseeds and nutrition businesses.
An alumina plant in Ukraine's Mykolaiv, part of Russian aluminium group Rusal, said on Wednesday it may have to temporarily suspend production after Ukrainian customs authorities blocked access to supplies of bauxite.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday he is ready to invest more capital in new or expanded Federal Reserve coronavirus rescue lending programs but is not considering more aid to struggling airlines at the moment.
France's Safran reported an 8.8% drop in like-for-like first-quarter revenue to 5.38 billion euros ($5.84 billion) as the coronavirus crisis began to weigh on its aircraft engines and interiors business.