Nissan seeks $4.6 billion credit line as coronavirus hammers car demand: sources
Nissan Motor Co Ltd has requested a $4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said.
Tesla’s China sales hit record high in March: industry association
Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world’s largest auto market, the China Passenger Car Association (CPCA) said on Thursday.
Dollar steadies before US jobs data, riskier FX up on OPEC hopes
The dollar held firm on Thursday after the swings caused by the coronavirus pandemic, but some selling pressure may be in store with U.S. jobless data due later expected to show claims near record highs.
Oil prices rise on hopes OPEC+ will agree supply cuts
Oil prices rose on Thursday on expectations the world’s leading crude producers will at a meeting later in the day overcome obstacles that have so far prevented a deal to cut output in response to a collapse in global demand.
Virgin Australia grounds almost all domestic flights, seeks government aid
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis.
UBS and Credit Suisse bow to regulator pressure on dividends
Swiss banks UBS and Credit Suisse will postpone paying out part of their 2019 dividends until later this year after mounting pressure from authorities over lenders’ payouts during the coronavirus epidemic.
Cash-strapped Virgin Australia grounds almost all domestic flights amid virus crisis
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis.
Nissan seeks $4.6 billion credit line after coronavirus hit: sources
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, two people with knowledge of the matter told Reuters on Thursday.
Asian shares rise as investors pin hopes on pandemic peaking
Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures to support their economies, while expectations of a deal to cut oil production bolstered crude prices.
Nissan seeks $4.6 billion credit line after coronavirus hit: Nikkei
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, the Nikkei business daily reported on Thursday.
