NEW YORK/MEXICO CITY (Reuters) – U.S. glass manufacturer O-I Glass Inc (OI.N) is seeking to seize an oil tanker owned by Venezuela to collect part of a $500 million arbitration
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Pandemic pushes Lufthansa to 1.5 billion euro second-quarter net loss
BERLIN (Reuters) – Germany’s Lufthansa (LHAG.DE) said it does not expect air travel demand to return to pre-crisis levels before 2024 and posted a second-quarter loss of 1.5 billion euros
Singapore bank DBS's profit skids 22% on loan losses, says business steadying
SINGAPORE (Reuters) – DBS Group’s (DBSM.SI) second-quarter net profit slumped by a fifth as it boosted loan-loss provisions in a pandemic-hit market, but Southeast Asia’s top lender said bad loans
Dollar wallows and stocks inch higher as stimulus eyed
SINGAPORE/WASHINGTON (Reuters) – The dollar languished and just about everything else rose on Thursday, as markets took patchy U.S. economic data as a harbinger of ever more stimulus and brinkmanship
Sushi chain YO! puts itself on conveyor belt of CVA candidates
The sushi chain YO! has added itself to the conveyor belt of restaurant chains considering insolvency mechanism to reduce their financial liabilities as the coronavirus pandemic continues to hammer the
Wall St. rises on Disney's surprise profit, services sector data
(Reuters) – U.S. stocks gained on Wednesday as data showing an expansion in services industry last month added to optimism stemming from Disney’s surprise quarterly profit and upbeat results from
CVS raises profit forecast as low medical costs boost health insurance unit
(Reuters) – CVS Health Corp (CVS.N) raised its full-year profit forecast and beat Wall Street expectations for quarterly profit on Wednesday as a drop in non-urgent medical procedures led to
S'pore banks' profits likely to be hit by low interest rates
Singapore banks are likely to report that their average net interest margins fell the most quarter on quarter in 18 years as interest rates weakened, while profits on the year
SEC investigates Kodak's U.S. government loan disclosure: WSJ
(Reuters) – The U.S. Securities and Exchange Commission is investigating the circumstances around Eastman Kodak Co’s (KODK.N) announcement of a $765 million government loan to make drugs at its U.S.
Wendy's misses revenue estimates, points to recovery in sales
(Reuters) – Wendy’s Co (WEN.O) on Wednesday fell short of Wall Street estimates for quarterly revenue, but signaled a recovery in sales in the last two months as lockdown restrictions