SAS bridge financing keeps survival hopes airborne, shares climb

SAS Link’s Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS Register now for FREE unlimited access to Register STOCKHOLM, Aug 15 (Reuters) – Scandinavian airline SAS (SAS.ST) kept its bid for survival aloft at the … Read more

SAS secures $700 million financing to aid restructuring

Aug 13 (Reuters) – Scandinavian airline SAS (SAS.ST) said on Saturday it entered into an agreement with Apollo Global Management (APO.N) to raise $700 million of fresh financing it needs to see it through bankruptcy. The airline filed for bankruptcy protection in the United States in early July to help cut debt after the collapse … Read more

Maersk’s cash machine is economic storm warning

The cargo ship “Maersk Bratan” of Danish shipping company Maersk is loaded at a container terminal at the harbor in Hamburg, Germany, June 24, 2022. REUTERS/Fabian Bimmer Register now for FREE unlimited access to Register LONDON, Aug 2 (Reuters Breakingviews) – Shipping giants are sending out an unlikely warning signal about the global economy. … Read more

US business borrowing for equipment falls 1% in June – ELFA

July 25 (Reuters) – US companies borrowed 1% less in June to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $10.3 billion in new loans, leases and lines of credit last month, compared with $10.4 billion a year … Read more

Finland’s Nordea posts higher profit amid economic uncertainty

Nordea bank sign is seen in Copenhagen, Denmark October 22, 2019. REUTERS/Andreas Mortensen Register now for FREE unlimited access to Register Q2 core earnings 1.36 billion eur vs 1.34 bln a year earlier CEO sees volatility and uncertainty in coming quarters Analyst expects rate hikes to shield profitability HELSINKI, July 18 (Reuters) – Finland’s … Read more

Bank of Canada makes a splash with developed economies’ first 100 pointer

July 13 (Reuters) – The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle as officials there eyeballed “higher and more persistent” inflation. read more In delivering their largest rate increase since 1998, BOC policymakers also noted the increased risk of price increases … Read more

Denmark cuts profit outlook due to challenging financial market conditions

Danske Bank signs are seen on the bank’s headquarters in Copenhagen, Denmark October 22, 2019. REUTERS/Jacob Gronholt-Pedersen Register now for FREE unlimited access to Register July 10 (Reuters) – Danske Bank (DANSKE.CO) on Sunday reduced its full -year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised … Read more