May 4, 2020

J. Crew files for bankruptcy protection

J. Crew Group Inc filed for bankruptcy protection on Monday, adding to an array of brick-and-mortar retailers pushed to the brink by widespread store closures in […]
May 4, 2020

Norwegian Air shareholders back $1 billion rescue plan

Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt […]
May 4, 2020

Telefonica shares rise on O2-Virgin Media merger talks

Shares in Spain’s Telefonica SA rose on Monday to post the only strong gains on an otherwise almost entirely red Madrid index, after the company confirmed […]
May 4, 2020

Stocks fall as U.S./China tensions threaten rebound

European stock markets and oil prices fell on Monday as a spat between top U.S. officials and China over the origin of the coronavirus fuelled fears […]
May 4, 2020

Norwegian Air’s shareholders vote in favour of rescue plan: DN

Norwegian Air’s shareholders gave their backing on Monday to the company’s financial survival plan, with about 95% of votes cast supporting the conversion of debt into […]
May 4, 2020

HSBC to buy out life insurance joint venture partner in China

HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company […]
May 4, 2020

India’s Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

India’s Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 […]
May 4, 2020

Mirae Asset scraps $5.8 billion deal to buy U.S. hotels from China’s Anbang

South Korea’s Mirae Asset Global Investments said on Monday that it has terminated a $5.8 billion deal to buy 15 U.S. hotels from China’s Anbang Insurance […]
May 4, 2020

Dollar up, Asian stocks slip as U.S. pins blame for virus on China

The dollar inched higher, stock markets struggled for traction and oil dropped on Monday as a U.S.-China spat over the origin of the coronavirus put the […]
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