UBS announces global financing team
UBS said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.
Germany stamps authority on Lufthansa with $9.8 billion lifeline
Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
French billionaires raise stakes in defence of publisher Lagardere
France’s business elite closed ranks around publishing group Lagardere on Monday with LVMH’s Bernard Arnault and Vivendi’s Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.
Toyota prepping for gradual re-start in Mexico: spokesman
Toyota Motor Corp’s Mexico unit is in a preparation phase for the gradual re-start of its operations in the states of Baja California and Guanajuato, a spokesman told Reuters on Monday.
Canada’s banks to cement status as solid investments in a crisis
Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.
German sentiment survey boosts stocks, Europe focuses on recovery fund
Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
Lufthansa and German government agree $9.8 billion rescue package
The German government and Lufthansa , which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Lufthansa says Germany approves stabilization package
Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany’s flagship carrier said on Monday.
Germany’s Scholz: Lufthansa rescue package should yield ‘small profit’ for state
Germany’s rescue package for flagship carrier Lufthansa is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.
Lufthansa says Germany approves stabilization package
Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany’s flagship carrier said on Monday.
