Rolls-Royce targets in jeopardy as pandemic brings air travel slump
LONDON (Reuters) – British aero-engine maker Rolls-Royce <RR.L> will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said. Rolls last updated the market at the end of February, when it forecast 2020 free cash flow of 1 billion pounds ($1.2 billion), […]
The Capitol Police union endorses recommendations for adding officers, fencing and an urgent response force.
The Capitol Police union on Monday endorsed an array of security enhancements that are being recommended by retired Lt. Gen. Russel L. Honoré in response to the Jan. 6 assault at the Capitol, including hiring 1,000 more officers, establishing a quick reaction force for emergencies and considering options for different types of security fencing around […]
Asian firms rush to meet $69 billion in second-quarter debt refinancing
By Scott Murdoch HONG KONG (Reuters) – Companies in the Asia Pacific need to raise a near record $69.3 billion to refinance their existing borrowings in the second quarter, Refinitiv figures show, as the region’s capital markets remain turbulent due to the coronavirus pandemic. The level of U.S. dollar corporate debt due to mature in […]