Author Archives: Syndicated Content
Indian airline Vistara defers payments to some suppliers: internal memo
By Aditya Kalra NEW DELHI (Reuters) - Indian airline Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline's CEO said in an internal memo, after ...
Apr 15, 2020
Best Buy to furlough 51,000 hourly U.S. store employees
(Reuters) - Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the elec...
Apr 15, 2020
Franklin Templeton grabs more Gulf government debt amid oil crash
By Yousef Saba and Davide Barbuscia DUBAI (Reuters) - Franklin Templeton has recently bought more bonds issued by governments in the Gulf, including high-yield names like Oman and Bahrain, seeing valu...
Apr 15, 2020
Aston Martin extends manufacturing suspensions by a week over coronavirus
LONDON (Reuters) - Luxury carmaker Aston Martin is extending by a week the manufacturing suspensions in place at its two factories as lockdown measures designed to stop the spread of coronavirus remai...
Apr 15, 2020
EY cuts partner profit payouts by 20% in Britain during pandemic
LONDON (Reuters) - Global accounting and consultancy firm EY said on Wednesday it would cut profit distributions to partners in Britain by up to 20% to secure the long-term success of the company. "Ou...
Apr 15, 2020
U.S. business inventories fall in February
WASHINGTON (Reuters) - U.S. business inventories fell in February amid a decline in imports and further decreases are likely as the novel coronavirus outbreak severely disrupts global supply chains an...
Apr 15, 2020
Some governors believe their states ready to reopen after coronavirus shutdown, CDC head says
By Doina Chiacu and Maria Caspani WASHINGTON/NEW YORK (Reuters) - Governors of about 20 U.S. states where the new-coronavirus pandemic has had a low impact believe they may be ready to start the proce...
Apr 15, 2020
G20 debt relief deal to run through year-end: source
WASHINGTON (Reuters) - An agreement by Group of 20 major economies to suspend official bilateral debt payments by the poorest countries will begin on May 1 and runs through the end of the year, a sour...
Apr 15, 2020
Battle-weary Paris ambulance crew: people's support keeps us going
By Antony Paone CORBEIL-ESSONNES, France (Reuters) - For French ambulance crew boss Fabrice Lancelot, the coronavirus crisis has delivered a small consolation: a new respect for health workers, even a...
Apr 15, 2020
IMF, World Bank leaders praise G20 debt relief initiative
WASHINGTON (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva and World Bank David Malpass on Wednesday praised a new G20 debt relief agreement that suspends bilateral debt...
Apr 15, 2020
