Category: Business

With global borrowing costs probably as low as they can go, high debt levels will start to matter more in coming years, a Barclays study found, highlighting Brazil as the country at greatest risk of a hit to growth and debt sustainability. Barclays’ annual Equity Gilt study, released on Tuesday, contradicts the debt-doesn’t-matter thesis, championed […]

Aircraft leasing business SMBC Aviation Capital has agreed to buy an additional 14 Boeing 737 MAX jets configured for low-cost carriers, with delivery starting later this year. The company, a major Boeing (BA.N) customer, on Tuesday said the order is for jets that have already been built and will increase its MAX fleet to 121. […]

Faced with shortages of hospitality staff, Australia’s Queensland state wants to lure chefs, bartenders and tour guides to its sun-kissed beaches with a “Work In Paradise” scheme of one-off incentives and help with travel costs. Once there, however, new arrivals shouldn’t expect big pay rises from local businesses whose margins are being battered by the […]

United Airlines Holdings Inc on Tuesday forecast a smaller fall in second-quarter unit revenue and core margins, and said it expects domestic leisure yields for summer travel to exceed 2019 levels. Airlines are seeing a pick up in summer bookings as easing COVID-19 restrictions and widespread vaccination efforts encourage travel in the United States, nearly […]

Oracle Corp (ORCL.N) on Tuesday launched a cloud computing service powered by data center chips from Ampere Computing based on technology from Arm Ltd, the second major cloud company to offer an Arm-based service after Amazon.com’s (AMZN.O) Amazon Web Services. Cloud providers are some of the biggest buyers of chips because they rent out the […]

Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to $2 billion when some investors balked. The Fort Worth, Texas-based company was seeking to raise around $300 million in financing for its merger with D and Z Media Acquisition Corp (DNZ.N), a special purpose acquisition company (SPAC) […]

The expected U.S. downgrade of Mexico’s aviation safety rating is not about the safety of Delta Air Lines Inc’s (DAL.N) partner Aeromexico (AEROMEX.MX) and will have little impact on customers, Delta’s president said on Tuesday. The planned downgrade by the U.S. Federal Aviation Administration (FAA) could come as early as Tuesday, people familiar with the […]