SAS will not use second tranche of $700 million Apollo loan
SAS will not be using the second tranche of its $700 million debtor-in-possession (DIP) term loan in the second quarter…
Volkswagen to partner on Indonesia EV battery ecosystem -minister
Volkswagen (ETR:VOWG_p) will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and…
Renault reviewing prices worldwide after Tesla cuts
French carmaker Renault (EPA:RENA) is reviewing its pricing policies of electric cars worldwide to ensure it stays competitive after a…
Dollar edges higher; solid bank results lift Fed hike expectations
The U.S. dollar edged higher in early European trade Monday, bouncing off last week’s one-year low after strong earnings from…
Big UK firms shrug off banking turmoil and turn more hopeful – Deloitte
Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval…
US import prices fall more than expected in March
U.S. import prices fell more than expected in March, leading to the biggest year-on-year decline since mid-2020, further evidence that…
Crude oil edges higher after IEA forecast record demand this year
Oil prices edged higher Friday, on course to record a fourth consecutive weekly gain, after the International Energy Agency forecast…
Pakistan gets closer to IMF deal after UAE pledges $1 billion
The United Arab Emirates has confirmed financial support of $1 billion to Pakistan, the South Asian nation’s finance minister said…
Birkin bag maker Hermes sees no U.S. slowdown as sales jump 23%
Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China…
Sweden, Colombia interested in Embraer’s KC-390, says Brazilian minister
Brazilian Defense Minister Jose Mucio said late Thursday that countries such as Sweden and Colombia had expressed interest in buying…