Ukraine expects $5 billion IMF loan approval on June 5 – PM
Ukraine expects the International Monetary Fund (IMF) to approve a $5 billion (4.05 billion pounds) loan package at a board meeting on June 5 and the first tranche of $1.9 billion to be disbursed the following day, Prime Minister Denys Shmygal told Reu…
SoftBank leads $500 million fundraising for Didi’s self-driving unit
China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s Vision Fund 2.
Vestager says she is not placing extra hurdles in way of Lufthansa bailout
EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans.
China says Canada is an accomplice of U.S. in Huawei case
China’s foreign ministry said on Friday that Canada is an accomplice to the U.S. government’s efforts to bring down Chinese tech giant Huawei and said Canada should immediate release Huawei executive Meng Wanzhou.
Global stocks slip as investors await Trump’s Hong Kong response
Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
Exclusive: Russia’s Rosneft finds extended oil cuts painful – sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday.
Virgin Australia administrator to shortlist two bidders early next week
The administrator of Virgin Australia Holdings expects to shortlist two preferred bidders early next week after parties on Friday confirmed non-binding indicative proposals to acquire the airline.
German official sees Lufthansa bailout in reach, demands fairness
The Berlin government is likely to reach a deal with Brussels on a $10 billion government bailout of stricken airline Lufthansa , senior government official Thomas Jarzombek said on Friday, but stressed the German airline needed fair treatment.
Volkswagen says it will have full control of JAC-VW Chinese venture
German automaker Volkswagen will have full management control of its JAC-VW joint venture, the company’s China CEO said on Friday.
