Category: News

SAS AB will raise 12 billion kronor ($1.28 billion) to fund the Scandinavian airline’s comeback, in a recapitalization backed by its biggest owners — the Swedish and Danish governments and the Wallenberg family. The plan includes share sales, a rights issue and the issue of hybrid notes, as well as the conversion of some 3.75 billion...

Asian stocks advanced Tuesday, set to round out their best quarter since 2009 in a rebound from a devastating start to the year, as optimism about a recovery overshadows concerns over an increase in U.S. coronavirus cases. Benchmarks rose more than 1% in Japan, Australia and South Korea. Hong Kong gains were more modest after...

Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money...

Asian stocks retreated and U.S. equity futures fluctuated as the ongoing spread of the coronavirus outweighed signs China’s economy is recovering. Stocks were down in more than 1% in Japan, Hong Kong and Australia, and had a more modest drop in China, where markets reopened after a two-day holiday. S&P 500 contracts swung between gains...

Employers probably kept hiring millions of Americans in June as states gradually lifted pandemic-related restrictions on businesses in a delicate balancing act of getting economies rolling again while limiting infection rates. Economists project the Labor Department will report a 3 million increase in payrolls after a surprising 2.5 million gain a month earlier. The back-to-back...

Asian stocks climbed Friday after a late rally in U.S. shares, as investors weighed the prospects for additional stimulus against the spike in American virus cases. The dollar edged higher. Shares rose in Japan and South Korea, on below average volumes. Australia also saw gains, while Hong Kong reopened to modest declines following Thursday’s holiday....

Australia’s government plays a more important role in supporting the economic recovery rather than the central bank, economists said Thursday. Appearing on Bloomberg’s ‘Inside Track’ webinar series, Besa Deda, chief economist at St. George Bank, said there’s now a shift in the policy discussion toward asking what more the government can do to support economic activity....

Asian stocks dropped after a tumble on Wall Street, where worries about a surge in virus cases in multiple U.S. states spurred a flight from riskier assets. The dollar extended gains. Japanese, Australian and Korean shares were all down more than 1%. China and Hong Kong are closed for holidays. Futures on the S&P 500...

Spain’s government is getting a nudge from the country’s central bank to deliver more economic aid and avoid the risk of permanent damage from the coronavirus crisis. Bank of Spain Governor Pablo Hernandez de Cos on Tuesday urged lawmakers to increase the country’s 100 billion euro ($113 billion) state-backed loan guarantee fund, and the extension...

Stocks were mixed on Wednesday and the dollar slipped as investors continued to find appetite for risk assets despite a continuing acceleration in coronavirus cases across the American sun belt. Gains for Hong Kong shares at the open fizzled, while Japan’s Topix slipped. Equities in Seoul outperformed after Kim Jong Un suspended military actions against...