Boeing customers cancelled orders for 355 of its 737 MAX jets in the first half of 2020, the US planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.
Latam Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.
The Organization for Economic Cooperation and Development Investments Committee has decided to support Uruguay's incorporation as full member of that committee. The decision follows a review by the Committee of Uruguayan investment policies.
Shanghai copper hit its highest in nearly 25 months on Monday, while London copper scaled a 24-month high, on supply worries from top producer Chile due to a potential strike at a mine.
Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets.
The Galician Nodosa shipyard launched this week a trawler-freezer, Montelourido which according to the Vigo media was ordered by Rampesca and their Falklands' partners RBC.
Copper raced to its highest levels since January this week as speculators piled into the market, betting on further disruptions in top producer Chile and firm demand from the biggest consumer China.
LATAM Airlines Group S.A. (‘LATAM’) today presented the second tranche financing proposal to the Court of the Southern District of New York, as part of the Chapter 11 process. Tranche A amounts to US$1.3 billion that was committed by Oaktree Capital Management L.P. and its affiliates. This proposal must be reviewed and approved by the court in the coming days.
The ongoing pandemic has compelled cruise companies to forget rivalries and come together to counter the scenario, according to Yahoo Finance. Case in point, Royal Caribbean Cruises Ltd. RCL and Norwegian Cruise Line Holdings Ltd. NCLH have teamed up to develop safety standards.
Mexico’s auto production and exports picked up steam in June from a month earlier but were down sharply versus a year earlier, official data showed on Tuesday, as carmakers reopened plants from their coronavirus-induced shutdown.