Virgin Australia Holdings Ltd's administrators will hold the first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on recapitalizing the airline, their firm Deloitte said on its website.
The Trump administration on Tuesday gave Chevron Corp , the last major U.S. oil company still operating in Venezuela, until Dec. 1 to "wind down" its business in the OPEC member-nation and will allow it to conduct only severely limited operations there until then.
Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month.
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
A nearly $500 billion spending deal reached by U.S. Senate leaders on Tuesday does not expand payroll assistance to struggling local newspapers and broadcast stations, whose advertising revenues have plummeted during the coronavirus pandemic.
U.S. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer welcomed a bipartisan deal reached on small business loan support, along with money for hospitals and testing, and said the U.S. Congress would aim to pass it this week.
Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.
JPMorgan Chase & Co, the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees who have been working from home for more than five weeks back onsite in stages, according to an internal memo seen by Reuters.
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't survive the pandemic, a survey of thousands of chief executives showed on Wednesday.
Facebook will buy a 10% stake in the digital business of India's Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services.
Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic damage wrought by the global coronavirus health crisis.
U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by the end of 2020, as the coronvirus crisis ravages the industry, according to a National Restaurant Association survey released on Monday.
The markets are much less confident about Europe and the United States getting back to business ahead of the summer, a Deutsche Bank investor survey showed on Monday, even as some countries begin gradually re-opening their economies.
Standard Chartered said on Monday it had agreed with Indonesian conglomerate PT Astra International to sell their stake in Indonesia's PT Bank Permata to lender Bangkok Bank PCL at a reduced price.
An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract expiring on Tuesday has dropped by a whopping 40%, opening up the widest gap ever between it and the next contract, nearly $11 a barrel.