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BUSINESS
Thomas Cook's Polish unit announces insolvency: local authorities
Thomas Cook's Polish unit, Neckermann Polska, has announced that it is insolvent, local authorities told Reuters on Wednesday. The collapse of the world's oldest travel f...
BUSINESS
Saudi Aramco seeks project finance loan of more than $1 billion: sources
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. The state oil c...
BUSINESS
Flights disrupted at Thomas Cook's Nordic arm as it battles to survive
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.
BUSINESS
Top shareholder Cevian backs new Thyssenkrupp CEO Merz
Swedish fund Cevian Capital, Thyssenkrupp's (TKAG.DE) second-biggest shareholder, on Wednesday said it fully supported the appointment of Mart...
BUSINESS
Aston Martin fundraise takes liquidity concerns off the table: CEO
The chief executive of luxury carmaker Aston Martin (AML.L) said securing $150 million in short-term debt, with an option for another $100 milli...
BUSINESS
Luxury group Kering launches bonds that can be changed for Puma shares
French luxury goods group Kering (PRTP.PA) said it was launching an offer of bonds that could be exchanged for shares in Puma (
BUSINESS
Aston Martin secures $150 million from bond issue
Luxury carmaker Aston Martin Lagonda (AML.L) said it had raised $150 million from a bond issue, with the option to raise another $100 million if...
BUSINESS
WeWork chief Neumann's top lieutenants step up as successors
As WeWork parent We Company's CEO Adam Neumann asked Artie Minson and Sebastian Gunningham to separately take care of the U.S. office-sharing space start-up's finances and busin...
BUSINESS