The impact on cruise companies'
earnings from canceled trips, steep discounts and ships
quarantined over coronavirus concerns could pose credit risks,
said credit ratings agencies Moody's Investors Service and S&P
The Illy family, which owns
illycaffe coffee and a portfolio of food ventures dubbed Polo
del Gusto, is pressing ahead with plans to find partners for the
two businesses after one family member decided to sell his stake
to an outsider, sources said.
Ralph Hamers made his
mark as a tech-savvy chief executive who led Dutch bank ING
back to profitability after cementing its position as
a no-frills lender in Germany and simplifying its product
The Members Exchange (MEMX), a new
would-be bourse backed by major Wall Street firms, said on
Thursday it plans to launch the exchange on July 24 following
the closure of a funding round led by JPMorgan, Goldman
Sachs and Jane Street Capital.
HSBC plans to invest
heavily in its newly combined retail and private banking
business as it targets internationally minded customers in
markets such as China, the United States and Singapore, the
unit's Chief Executive Charlie Nunn told Reuters.