Thomas Cook seeks to borrow £400m to stave off cash crunch

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Thomas Cook seeks to borrow £400m to stave off cash crunch

Thomas Cook is in talks with its banks to borrow £400m to stave off the threat of a cash crunch that could hit next winter. The tour operator is understood to be in the advanced stages of talks with its banking syndicate after asking the lenders for a new revolving …
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Accounting body proposes temporary relief during Libor phase out

LONDON, May 3 (Reuters) – A global accounting standard setter has proposed a fast-track temporary fix to help banks and businesses manage
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Macquarie shares drop 6% on warning of weaker 2020

Shares in Macquarie Group slid on Friday, despite the bank posting record full-year profits, after it said it expects weaker results for the 2020 financial year. Macquarie Group shares fell 6 per cent in morning trading on Friday after the bank said it expected …
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Report: Warren Buffett's Berkshire Hathaway buys Amazon shares

Hong Kong (CNN Business) Warren Buffett has said for years that “we missed it” on Amazon. Not anymore. Buffet revealed on Thursday that Berkshire Hathaway (BRKA) has been buying Amazon shares, noting that the exact amount will be disclosed in …
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Pornhub And Tumblr Just Might Make A Perfect Pairing

A report from the Wall Street Journal today revealed that telecommunications giant has spent the last few weeks searching for someone, anyone, to take blogging platform Tumblr off its hands. The divorce would likely be best for both entities. Verizon inherited …
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