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11 May UPDATE 1-Virgin Australia has 19 potential buyers in data room -administrator

Posted at 00:49h in News by KMFSLLP 0 Comments

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* Airline has 117 leased planes and engines (Adds details of potential buyers, interim funding needs)

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11 May Australia’s Victoria state to reopen classrooms earlier than expected

Posted at 00:28h in News by KMFSLLP 0 Comments

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Australia's second-most populous state will resume face-to-face teaching from May 27, weeks earlier than expected, after a school shutdown to halt the spread of the new coronavirus, Premier Daniel Andrews said on Tuesday.

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11 May Virgin Australia has 19 potential buyers in data room – administrator

Posted at 00:16h in News by KMFSLLP 0 Comments

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Virgin Australia Holdings Ltd's administrator said 19 parties interested in purchasing the airline had been granted access to a data room as of May 11 and non-binding indicative offers are due on May 15, according to an affidavit.

10 May UPDATE 2-More U.S. banks, credit unions given remittance fee exemptions

Posted at 23:54h in News by KMFSLLP 0 Comments

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More U.S. banks and credit unions will be allowed to estimate the international remittance fees they charge consumers in instances when it may be too expensive to provide exact figures under a new rule issued on Monday.

10 May UPDATE 7-Argentina extends $65 bln debt deadline as ‘hardball’ talks stoke risk of default

Posted at 23:40h in News by KMFSLLP 0 Comments

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Argentina will extend negotiations over a $65 billion debt restructuring proposal until May 22, the government said on Monday, setting the stage for tense last-ditch talks as the South American nation races to avoid default.

10 May Car rental firm Hertz raises going concern doubts as debt default looms

Posted at 23:29h in News by KMFSLLP 0 Comments

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Hertz Global Holdings Inc on Monday raised going concern doubts as the car rental company tries to cut costs and avoid debt default amid a blow to its business due to the COVID-19 pandemic, sending its shares down 4% in extended trading.

10 May Qatar to reopen money exchange services on Tuesday

Posted at 23:18h in News by KMFSLLP 0 Comments

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Qatar will allow money exchange service offices to reopen with mandatory precautionary measures as of May 12, state news agency QNA reported on Tuesday.

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10 May BlackRock’s top investor PNC Financial to sell entire stake

Posted at 23:00h in News by KMFSLLP 0 Comments

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PNC Financial Services Group Inc plans to sell its entire 22% stake in the world's largest asset manager BlackRock Inc, the U.S. bank said on Monday, exiting one its most attractive investments after more than two decades.

10 May First State Investments to buy New Zealand’s Ultrafast Fibre for $518.6 mln

Posted at 22:56h in News by KMFSLLP 0 Comments

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Global investment manager First State Investments will buy New Zealand's Ultrafast Fibre Ltd for NZ$854 million ($518.63 million) from WEL Networks Ltd and Waipa Networks Ltd, the electricity distributors said on Tuesday.

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10 May UPDATE 2-Simon to reopen half of retail properties by next week amid tenant bankruptcies

Posted at 22:43h in News by KMFSLLP 0 Comments

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Simon Property Group, the biggest U.S. mall operator, said on Monday it would have about half of its over 200 retail properties in the country open within the next week, even as some of its major retail tenants struggle to say afloat

News

11 May UPDATE 1-Virgin Australia has 19 potential buyers in data room -administrator

11 May Australia’s Victoria state to reopen classrooms earlier than expected

11 May Virgin Australia has 19 potential buyers in data room – administrator

10 May UPDATE 2-More U.S. banks, credit unions given remittance fee exemptions

10 May UPDATE 7-Argentina extends $65 bln debt deadline as ‘hardball’ talks stoke risk of default

10 May Car rental firm Hertz raises going concern doubts as debt default looms

10 May Qatar to reopen money exchange services on Tuesday

10 May BlackRock’s top investor PNC Financial to sell entire stake

10 May First State Investments to buy New Zealand’s Ultrafast Fibre for $518.6 mln

10 May UPDATE 2-Simon to reopen half of retail properties by next week amid tenant bankruptcies

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