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

Instone Real Estate Group SE: New forecast for the financial year 2022

DGAP-Ad-hoc: Instone Real Estate Group SE / Key word(s): ForecastInstone Real Estate Group SE: New forecast for the financial year 2022 10-Aug-2022 / 18:50 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.The issuer is solely responsible for … 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

Volvo Cars sees stabler supply chain, but flat or lower retail sales

People look at a Volvo XC40 car during the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 26, 2020. REUTERS / Thomas Peter GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Register STOCKHOLM, July 20 (Reuters) – Automaker Volvo Cars (VOLCARb.ST) reported on Wednesday higher second-quarter profits … 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

Polestar EV sales surge in first half, on track for full-year target

July 13 (Reuters) – Polestar on Wednesday said first-half sales of its electric vehicles more than doubled and it remained on track to achieve its full-year target. Sales at the Swedish EV maker, founded by China’s Geely (0175.HK) and Volvo Cars (VOLCARb.ST) and now a publicly traded company, rose almost 125% to about 21,000 cars … Read more