Norwegian Air plans to convert
up to $4.3 billion of its debt into equity and to issue new
shares as it seeks to stay in business following the COVID-19
outbreak that has grounded almost all of its fleet.
The African Development
Bank (AfDB) launched a $10 billion COVID-19 response facility on
Wednesday aimed at helping the continent confront the pandemic,
which is already wreaking havoc on the region's economies.
Canadian Imperial Bank of Commerce
(CIBC) has received about 250,000 payment deferral
requests across its credit products to date due to the COVID-19
pandemic, its chief executive officer told shareholders on
The U.S. Federal Reserve
responded fast to the coronavirus crisis with open-ended
programs to keep financial markets running and ensure major
companies could raise cash as they usually do through large