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12 May WRAPUP 3-EU calls for European borders to reopen to save tourist season

Posted at 12:43h in News by KMFSLLP 0 Comments

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* Bloc eager to reopen borders internally as COVID-19 recedes

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12 May UPDATE 1-Covea needs plan B after Exor refuses to budge on PartnerRe price

Posted at 12:42h in News by KMFSLLP 0 Comments

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* Seen as evidence that Exor will take firm line on FCA-PSA deal

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12 May UPDATE 1-Apollo leads distressed investment in Swissport as restructuring looms – sources

Posted at 12:37h in News by KMFSLLP 0 Comments

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A trio of distressed investors led by Apollo Global Management have bought debt of airport baggage handler Swissport and are holding talks with the company as it seeks cash to ride out the COVID-19 crisis, two sources familiar with the matter told Reuters.

12 May Egypt in talks with IMF for second tranche of financial support- official

Posted at 12:34h in News by KMFSLLP 0 Comments

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Egypt is in talks with the International Monetary Fund for a second bundle of financial support after receiving $2.8 billion in emergency financing, the central bank deputy governor said on Wednesday.

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12 May Germany’s KfW pays out 19.3 bln euros in coronavirus aid loans

Posted at 12:33h in News by KMFSLLP 0 Comments

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Germany's state development bank KfW has approved 19.3 billion euros ($20.99 billion) of emergency loans to help companies bridge liquidity gaps and survive the coronavirus pandemic, a government document seen by Reuters showed on Wednesday.

12 May Royal Caribbean pledges 28 ships as collateral for $3.3 bln bond offering

Posted at 12:23h in News by KMFSLLP 0 Comments

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Royal Caribbean Cruises launched a new $3.3 billion bond offering on Wednesday and said it would use 28 of its ships as collateral, as it looks to stay afloat after the COVID-19 pandemic upended the industry.

12 May Apollo leads distressed investment in Swissport as restructuring looms – sources

Posted at 12:16h in News by KMFSLLP 0 Comments

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12 May Merkel, vowing to respect court’s ECB ruling, wants strong euro

Posted at 12:14h in News by KMFSLLP 0 Comments

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Chancellor Angela Merkel said on Wednesday she would respect a ruling by Germany's constitutional court requiring her government to challenge the ECB on its flagship stimulus plan but added that she wanted to preserve a strong single currency.

12 May FEATURE-Cancel or strike: Pressure mounts to help U.S. renters amid coronavirus

Posted at 12:00h in News by KMFSLLP 0 Comments

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WASHINGTON, May 13 (Thomson Reuters Foundation) - As U.S. states start to ease coronavirus lockdowns, one group warns that its troubles are worsening without enough financial support: renters.

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12 May UPDATE 2-No empty seats under EU plans to get planes back in sky

Posted at 11:40h in News by KMFSLLP 0 Comments

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Airlines will not have to leave seats empty, but passengers flying in the European Union will have to wear masks on planes and in airports under plans to revive the travel industry.

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News

12 May WRAPUP 3-EU calls for European borders to reopen to save tourist season

12 May UPDATE 1-Covea needs plan B after Exor refuses to budge on PartnerRe price

12 May UPDATE 1-Apollo leads distressed investment in Swissport as restructuring looms – sources

12 May Egypt in talks with IMF for second tranche of financial support- official

12 May Germany’s KfW pays out 19.3 bln euros in coronavirus aid loans

12 May Royal Caribbean pledges 28 ships as collateral for $3.3 bln bond offering

12 May Apollo leads distressed investment in Swissport as restructuring looms – sources

12 May Merkel, vowing to respect court’s ECB ruling, wants strong euro

12 May FEATURE-Cancel or strike: Pressure mounts to help U.S. renters amid coronavirus

12 May UPDATE 2-No empty seats under EU plans to get planes back in sky

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