Shareholders of Korean Air's parent firm Hanjin Kal voted on Friday to keep Korean Air CEO and group Chairman Walter Cho as a board director, an outcome seen by analysts as a victory for the status quo at the conglomerate.
Shareholders of Korean Air's parent firm Hanjin Kal voted on Friday to keep Korean Air CEO and group Chairman Walter Cho as a board director on Friday.
Chalco, China's biggest state-run aluminium producer, churned out 9% less metal in 2019 as it shut two uncompetitive smelters and barely eked out a profit in the fourth quarter, while it played down the impact of the coronavirus on the industry.
Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return.
Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return.
U.S. airlines are preparing to tap the government for up to $25 billion in grants to cover payroll in a sharp travel downturn triggered by the coronavirus, even after the government warned it may take stakes in exchange for bailout funds, people familiar with the matter said.
Lululemon Athletica Inc beat analysts' estimates for quarterly revenue on Thursday, helped by strong holiday demand, but the athletic apparel maker did not issue a full-year outlook due to uncertainty caused by the coronavirus pandemic.
Lululemon Athletica Inc on Thursday beat Wall Street estimates for quarterly revenue, helped by strong demand for its yoga wear and athleisure apparel during the busy holiday season.
U.S. airlines are preparing to tap the government for up to $25 billion in grants to cover payroll in a sharp travel downturn triggered by the coronavirus, even after the government warned it may take stakes in exchange for bailout funds, people familiar with the matter said.
A labor union representing Argentine grains port workers on Thursday asked the government to suspend exports, a move that would put upward pressure on world soy prices and hobble the country's main source of revenue as it seeks to avoid default.
North America's biggest farm suppliers are accelerating shipments of fertilizer, seeds and agricultural chemicals to crop-growing regions in an unprecedented race against the coronavirus that threatens to disrupt planting season.
Ross Stores Inc said in a letter to vendors on Thursday it would cancel all merchandise purchase orders through June 18 due to the impact the coronavirus has had on its business.
Singapore Airlines (SIA) is tapping existing investors for up to S$15 billion ($10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak.
South African Airways' creditors have approved a two-month rescue plan delay, its administrators said on Thursday, adding there was cargo business demand despite the coronavirus crisis.
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Singapore Airlines said it would issue S$5.3 billion($3.70 billion) in new equity and up to S$9.7 billion($6.78 billion) via mandatory convertible bonds in a rights issue backed by state investor Temasek Holdings [TEM.UL] to cope with the coronavirus outbreak.
Brazil's shipments of goods by truck fell 26% on Monday and Tuesday as coronavirus lockdowns went into effect in many parts of the country, according to data released by transportation industry association NTC & Logistica on Thursday.
Brazil's JBS SA, the world's largest meatpacker, has said the corona virus epidemic could cause container shortages and port disruptions and other logistics issues, but said exports should stay strong thanks to Chinese demand.
Votorantim SA, one of Brazil's biggest diversified holding companies, said on Thursday it is seeking to preserve cash after coronavirus-related lockdowns partially halted operations in Peru and Argentina and as cement sales have slowed.