Trading Ideas
Year: 2020
Trading Ideas
Business News
Norwegian Air’s fate in balance as result of rescue vote awaited
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
Business News
Timeline: Norwegian Air’s battle for survival
The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
Trading Ideas
Norwegian Air's fate in balance as result of rescue vote awaited
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline. Bondholders were set to start a meeting at 1400 GMT on Thursday to vote on the airline’s debt-to-equity plan, the first major test of its rescue efforts amid the coronavirus outbreak. Since then, Norwegian Air has sent no messages about the outcome. …read more […]
Business News
Dreams grounded: Cadet pilots face uncertain future as coronavirus turns shortage to surplus
Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots.
Business News
‘W-shaped’ recovery may be too optimistic, Fed’s Powell suggests
Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting – one that sees business activity stop and start for months to come, until an effective treatment or vaccine for the novel coronavirus can be found.
Business News
Ryanair to cut 3,000 jobs as the coronavirus crisis drags on
Ryanair plans to cut 3,000 jobs and talk to Boeing about delaying plane deliveries as it does not expect European air traffic to recover fully from the coronavirus crisis until 2022, the Irish airline said on Friday,
Business News
Norwegian Air’s fate unclear as deadline to accept rescue offer passes
The fate of Norwegain Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
Business News
Norway wealth fund to back AGM resolution to make Barclays a ‘net zero’ bank
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, the fund said on Friday.
Business News
Ryanair grounds virtually all planes until July, reviews growth plans
Ryanair on Friday announced it would ground more than 99% of its flights until July and said it had begun negotiations with Boeing about cutting the number of aircraft deliveries over the next 24 months.
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Moderna, Switzerland's Lonza strike deal on potential COVID-19 vaccine
The experimental vaccine, mRNA-1273, is being tested in early-stage trial by the U.S. National Institutes of Health, with Moderna expecting to begin mid-stage trial in the second quarter. “Over time, the parties intend to establish additional production suites across Lonza’s worldwide facilities, ultimately allowing for the manufacture of material equivalent to up to 1 billion doses of mRNA-1273 per year for use worldwide”, the statement added. Earlier this month, Moderna got a $483 million funding from a U.S. government agency to accelerate its COVID-19 vaccine development. …read more […]
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The Pandemic’s Long-Term Pain Is Just Becoming Clear to Markets
(Bloomberg) — The best month for global equities in almost a decade may be enough to convince investors the light at the end of the coronavirus tunnel isn’t a train, but the debate on what comes next is only just beginning as they adjust their focus to a financial landscape utterly changed by the pandemic.An indisputable takeaway from the crisis is a massive expansion in global debt — given the more than $8 trillion in fiscal measures worldwide, according to a Bloomberg compilation. Corporate balance sheets will have changed, as CFOs seek to bolster their capital through equity and debt …read more […]
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