(Reuters) – Air Canada (AC.TO) will temporarily lay off more than 5,100 employees as it attempts to check the impact of the coronavirus pandemic, the union representing the Canadian airline’s flight attendants said on Friday. The Canadian Union of Public …
See Original Article

SINGAPORE, March 20 (Reuters) – Persistent weakness in emerging Asian currencies on Friday and enduring stresses in dollar funding markets showed that a spate of hurried swap lines between central banks had done little to alleviate the credit strains at …
See Original Article

KUALA LUMPUR (Reuters) – Malaysia’s AirAsia Group Bhd (AIRA.KL) said on Friday that the internal inquiry into corruption allegations by Britain’s Serious Fraud Office (SFO) has found that its procurement process with Airbus (AIR.PA) was robust and …
See Original Article

Hong Kong (CNN Business) Cathay Pacific (CPCAY) is canceling almost all passenger flights for two months as the novel coronavirus outbreak continues to decimate global demand for travel. Hong Kong’s flagship carrier announced Friday that it would …
See Original Article

Ray Dalio, the billionaire founder of hedge fund behemoth Bridgewater Associates, sounded the alarm Thursday over the coronavirus crisis and said U.S. corporations will lose up to $4 trillion and President Trump needs to dramatically increase his stimulus …
See Original Article