Fitch Ratings – Hong Kong – 11 May 2020: Fitch Ratings has revised the Outlook on Singapore-based GLP Pte. Ltd.’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Positive and affirmed its IDR, senior unsecured rating and the rating …
See Original Article

The boss of British Airways’ owner has said the airline group will have to review its plans to restart a significant number of flights in July after Boris Johnson said people arriving into the UK would be quarantined. Willie Walsh, the chief executive of International …
See Original Article

Private sector lender ICICI Bank has slashed the fixed deposit (FD) rates by up to 50 basis points effective May 11. The customers will now get 5.25 per cent interest on deposits up to one year, while those above one year will earn 5.7 per cent to 5.75 per cent, …
See Original Article

Under Armour Inc. UA, +3.83% UAA, +3.85% stock fell 3.3% in Monday premarket trading after the athletic company reported wider-than-expected first-quarter losses. Net losses totaled $559.7 million, or a loss of $1.30 per share, after net income of $22.5 …
See Original Article

Stage Stores, the Houston department store chain behind Palais Royal, Bealls and Gordmans, has filed for bankruptcy, the latest retailer to fall victim to changing consumer preferences and the economic fallout from the novel coronavirus. The retailer, which …
See Original Article