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Brazilian airline Azul SA said on Wednesday it has hired restructuring firm Galeazzi & Associados to work with the carrier "during this period of crisis."
The board of South America's largest carrier, LATAM Airlines Group, plans to suspend a $57 million dividend payment tied to the company's 2019 profits to preserve cash to weather the new coronavirus crisis, it said on Tuesday night.
Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is anything but: gasoline may indeed be cheap, but nobody is driving.
India has agreed to sell hydroxychloroquine tablets to Malaysia for use in the treatment of COVID-19 patients, a Malaysian minister told Reuters on Wednesday, with New Delhi partially lifting its bar on exports of the anti-malarial drug.
Brazilian airline Azul SA has hired restructuring firm Galeazzi & Associados to renegotiate its financial and suppliers' debt, Brazilian newspaper O Estado de S. Paulo reported on Wednesday.
Iran expects to produce 14 million tonnes of wheat by March 2021, President Hassan Rouhani said on Wednesday, adding that the coronavirus outbreak had not hit its farm sector and Iranians did not need to worry about food supplies.
Argentina is braced for the first case of coronavirus to be confirmed among the thousands of port workers and grains handlers involved in the country's key agricultural export sector, local industry officials said.
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
China's HNA group said
Wednesday its bondholders had agreed to defer payments of
principal and interest for a 7-year bond due April 15 for one
year.
(Reporting by Zhang Yan in Beijing, and Andrew Galbraith in
Shanghai; Editing by Alex Richardson)
((Zoey.Zhang@thomsonreuters.com;))
nB9N2BC02P
Tianqi Lithium, one of the world's top producers of the commodity used in batteries for electric vehicles, expects to post a net loss in the first quarter of 2020, exacerbating a grim financial situation that may force it to sell off assets.
A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.Wall Street closed higher last night, driven by hopes of some lockdown restrictions being lifted.
China shares closed lower on Wednesday, as investor worries over an expected sharp drop in the country's first-quarter economic growth offset a brief boost from a widely expected cut to medium-term lending rates.
South African retailer and wholesaler Massmart said on Wednesday sales for the 13-week period ended March 29 rose 1.3% to 22 billion rand ($1.20 billion), with comparable store sales up by 0.9%.
India will allow opening up of some industries in rural areas after April 20 to reduce the distress caused to millions of people because of a prolonged lockdown to halt the spread of coronavirus, the government said on Wednesday.
Chinese airlines reported a total loss of 33.62 billion yuan ($4.8 billion) in the first quarter as the coronavirus pandemic hit travel demand, the aviation regulator said on Wednesday.
A Chilean environmental court said on Tuesday it would investigate a complaint brought by the government against global miner BHP over allegations of damage to the northern Punta Negra salt flat.
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
Reuters
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