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.
The International Lead and Zinc Study Group (ILZSG), International Copper Study Group (ICSG) and the International Nickel Study Group (INSG) canceled their April meetings in the face of growing coronavirus concerns.
Aluminum Corp of China Ltd, known as Chalco, said on Thursday net income rose 2.4% year-on-year in 2019 thanks to higher trading volumes, even as production fell and the company barely eked out a profit in the fourth quarter.
China's aviation regulator on Thursday asked domestic airlines to reduce their international routes to only one per country while capping the number of flights to no more than one flight per week.
Marius Delarey's spacious restaurant in an upmarket Johannesburg suburb thrived on bringing up to 250 people together at a time to share food, booze and lively conversation.
Brazilian planemaker Embraer on Thursday reported a net loss of $209.8 million for the fourth quarter of 2019, as the manufacturer grappled with the coronavirus pandemic that so far has led it to suspend production in Brazil.
Brazilian planemaker Embraer on Thursday reported a net loss of $209.8 million for the last quarter of 2019, as the manufacturer grapples with the coronavirus outbreak that so far has led it to suspend production in Brazil.
Asset manager BlackRock said on Thursday the market selloff had created significant value for long-term investors and told clients it now favoured "rebalancing into risk assets". Within the equity space the company said it preferred U.S. markets.
Shares in Japanese trading houses sank on Thursday after Marubeni Corp said it would book a record annual loss as the impact of the coronavirus outbreak drives down prices of oil and commodities.
Oilfield services firm Halliburton and Russia's Gazprom Neft have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation in Siberia, Gazprom Neft said on Thursday.
Creditors of cash-strapped South African Airways (SAA) have authorised an extension of the deadline for the airline's business rescue plan until May 29, the airline's administrators said on Thursday.
Global food security concerns are mounting with around a fifth of the world's population already under lockdown to fight the widening coronavirus pandemic that has infected over 470,000 people across 200 countries, killing 21,000.
Chinese soybean processors fear the spread of coronavirus in major exporters could lead to further supply shortages, with some plants in the world's biggest buyer already having to wind back operations, industry sources and traders said.