BBG: IAG gets EU warning shot over €400m Air Europa deal
BLOOMBERG reports: IAG SA’s €400 million ($428 million) takeover of Air Europa risks being derailed for a second ...
BLOOMBERG reports:
UBS Group AG and Credit Suisse Group AG are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, according to people with knowledge of the matter.
UBS would prefer to focus on its own wealth-centric standalone strategy and is reluctant to take on risks related to Credit Suisse, the people said, asking not to be identified as the deliberations are private. Its smaller rival is seeking time to see through its turnaround after winning a liquidity backstop from the central bank, they said.
Credit Suisse arrested a collapse in investor confidence on Thursday after winning a 50 billion franc ($54 billion) credit line from the Swiss National Bank. That came after the Swiss lender had appealed to authorities for a public show of support following an unprecedented slump in the shares. With investors jittery after the collapse of Silicon Valley Bank, comments by Credit Suisse’s largest shareholder that it wasn’t willing to invest more in the bank were enough to provoke a deep selloff on Wednesday…
The full post is here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't chase that final dollar, warning to shippers delaying signing new contracts
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article