German state of Hesse: We are ready to help Thomas Cook Germany
The German regional state of Hesse stands ready to offer financial support to Thomas Cook’s German unit, its Prime Minister Volker Bouffier said on Wednesday.
The German regional state of Hesse stands ready to offer financial support to Thomas Cook’s German unit, its Prime Minister Volker Bouffier said on Wednesday.
Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors.
Renault is ready to be part of a European batteries project provided it makes economic sense to do so, the French carmaker’s chairman said on Wednesday.
Nintendo Co Ltd’s hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users complaining server overload meant they were unable to play the game – seen as a major test of the Kyoto-based company’s mobile ambitions.
World stocks fell to a two-week low and risk assets dipped lower on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty.
Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco’s operations told Reuters.
Thomas Cook GmbH, the German unit of the insolvent British travel operator, on Wednesday filed for insolvency with a view to carving out its brands and businesses from their failed parent.
Thomas Cook’s Polish unit, Neckermann Polska, has announced that it is insolvent, local authorities told Reuters on Wednesday.
Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said.
Some flights operated by Thomas Cook’s Nordic business have been canceled or delayed as the subsidiary battles to survive the collapse of its parent company earlier this week.
Thyssenkrupp is preparing to replace its chief executive Guido Kerkhoff, whose brief tenure at the German submarines-to-car-parts group included four profit warnings and two failed restructuring efforts.
Swedish fund Cevian Capital, Thyssenkrupp’s second-biggest shareholder, on Wednesday said it fully supported the appointment of Martina Merz as new chief executive of the German industrial conglomerate.
The chief executive of luxury carmaker Aston Martin said securing $150 million in short-term debt, with an option for another $100 million, would address concerns in the market about the company’s balance sheet.
French luxury goods group Kering said it was launching an offer of bonds that could be exchanged for shares in Puma , in which Kering already holds a 15.7% equity stake, to the tune of 500 million euros ($549.8 million).
Asian stocks fell the most in three weeks on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.
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