Delta Air Lines Inc on Wednesday said it intended to raise $3 billion in debt by offering senior secured notes and entering into a new credit facility, in a bid to combat the slowdown in air travel demand induced by the coronavirus crisis.
Two lessors to Indian carrier SpiceJet Ltd are in talks to terminate contracts and repossess planes via mutually agreed deals with the airline over missed payments, according to two sources directly involved in the discussions.
A unit of Tyson Foods Inc, the largest U.S. meat supplier, said on Wednesday it plans to close a pork processing facility in Logansport, Indiana, while its more than 2,200 workers at the plant undergo testing for COVID-19.
Boeing Co was sued for $336 million on Wednesday by a Kuwaiti leasing company that accused it of wrongly refusing to return advance payments on a now-canceled order for 40 of its troubled 737 MAX planes.
As the U.S. quarterly earnings season picks up steam this week, investors are getting a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
Countries around the world have spent billions of dollars bailing out businesses affected by the coronavirus outbreak. Peru's coca farmers, who grow the bushy plant used to make cocaine, say they want help, too.
The oil price collapse that took U.S. crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering a springboard for recovery when coronavirus lockdowns finally end.
The head of the World Health Organization (WHO) said on Wednesday that he hoped the Trump administration would reconsider its suspension of funding, but that his main focus was on ending the pandemic and saving lives.
Ivory Coast will create a cocoa-processing fund worth 10 billion CFA francs ($16.7 million) to help domestic grinders compete against long-dominant international players, the government spokesman said on Wednesday.
The World Health Organization (WHO) said on Wednesday that there were "worrying upward trends" in early epidemics in parts of Africa and central and South America, while also warning that opening up global travel needed to be managed carefully.
Investment firm Sycamore Partners is seeking to end its deal to buy a stake in L Brands Inc's lingerie brand Victoria's Secret, citing business decisions the retailer took during the coronavirus pandemic, a court filing on Wednesday showed, sending the company's shares down over 20%.
In trading on Wednesday, shares of Royal Gold Inc (Symbol: RGLD) crossed above their 200 day moving average of $113.87, changing hands as high as $115.96 per share. Royal Gold Inc shares are currently trading up about 4.7% on the day. The chart below shows the one year perfo
In trading on Wednesday, shares of Agnico Eagle Mines Ltd (Symbol: AEM) crossed above their 200 day moving average of $55.45, changing hands as high as $56.41 per share. Agnico Eagle Mines Ltd shares are currently trading up about 3.8% on the day. The chart below shows the o
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.
Namibia's flag carrier Air Namibia announced on Wednesday that staff salaries for April will be delayed by at least a week as the country's ban on air travel hits its cashflow.
South Africa is considering introducing flexible restrictions on economic activity after it phases out a nationwide lockdown, according to a draft government presentation seen by Reuters on Wednesday.
EU antitrust regulators are now due to make a decision on a $4.2 billion deal between planemakers Boeing and Embraer on Aug. 7, a filing showed on Wednesday, once again pushing back the timeline on the proposed tie-up.