PARIS (Reuters) - Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia's AirAsia, as it makes further progress in reducing an overhang of jets left by the coronavirus crisis, industry sources said. The fate of the jets had been widely watched as they became an emblem...
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(Bloomberg) -- Goldman Sachs Group Inc (NYSE:GS). expects large swathes of the public across major developed economies to receive a vaccine against the coronavirus by the middle of next year, driving a “sharp pickup” in global growth. The bank’s economists predict that half the U.K. public will be vaccinated in March, with the U.S. and Canada reaching that threshold...
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By Holger Hansen BERLIN (Reuters) - Germany plans to almost double the borrowing it had planned for next year to finance emergency aid for businesses during the second wave of the COVID-19 pandemic, Finance Minister Olaf Scholz said on Friday. The parliamentary budget committee agreed to a debt figure of almost 180 billion...
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1/MORE PITFALLS It has been a year many would prefer to forget and a month of 2020 still remains -- one replete with events that could trip up markets. Here they are: Dec. 1: A month before the UK-EU transition deal ends. Dec. 8: Deadline to complete U.S. state-level vote recounts and court contests over the election. Dec. 10: European...
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By Jesús Aguado MADRID (Reuters) - Spanish lender Sabadell has given Goldman Sachs (NYSE:GS) a mandate to sell its loss-making British unit TSB, a source aware of the arrangement told Reuters on Friday. The source said that the process was under way and that Goldman Sachs, which had been hired by Sabadell in July to explore various options, had now been tasked...
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FRANKFURT (Reuters) - Deutsche Bank (DE:DBKGn) forecasts trade financing will rebound to pre-COVID levels by the middle of next year, an executive said on Friday. "Since the news that a COVID-19 vaccine might be broadly available in the New Year, our global trade finance outlook has improved," said Daniel Schmand, Deutsche Bank's Head of Trade Finance and Lending. ...
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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p)'s Chief Executive Herbert Diess has asked the company's owning families to back a contract extension in a bid to break a management deadlock at the world's largest carmaker, two people familiar with the matter told Reuters. The appeal for support from the Piech and Porsche families, who control a majority voting stake at the carmaker, comes after...
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By Daniel Leussink and Tetsushi Kajimoto TOKYO (Reuters) - Japan's ruling party will call on the government to promote environmental investment with a major decade-long spending programme for the country, whose Prime Minister Yoshihide Suga has made a green society a key policy priority. The Liberal Democratic Party (LDP) said in the draft proposal, which was seen by Reuters early on Friday,...
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ATHENS (Reuters) - Europe should ease state aid rules and protect bank deposits to shore up lenders struggling under the weight of the coronavirus pandemic, European Central Bank policymaker Yannis Stournaras said in an opinion piece on Friday. Euro zone banks have suffered from low profitability and exceptionally low valuations for years, leading to concern that the inevitable surge in non-performing loans...
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By Gabriela Baczynska and Guy Faulconbridge BRUSSELS/LONDON (Reuters) - The European Union and Britain said on Friday there were still substantial differences over a Brexit trade deal as the EU chief negotiator prepared to travel to London in a last-ditch attempt to avoid a tumultuous finale to the five-year Brexit crisis. With just...
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