Bloomberg Air New Zealand plans to raise capital by the end of next month through the issue new shares as its losses continue to mount during the pandemic. The Auckland-based national carrier predicted a record full-year pretax loss of more than NZ$800 million ($540 million), after reporting loss of NZ$367 million in the six months ended on December 31. It ...

Bloomberg SAS AB risks a credit downgrade from Standard & Poor’s if the Scandinavian airline follows through with plans announced to convert debt into equity. The Stockholm-based airline said it planned a number of measures, including a rights offering and swapping hybrid and unsecured debt for equity, to raise capital and lower its debt levels, while repositioning the business coming ...

Bloomberg Thailand will further relax entry rules for foreign visitors starting next month, bowing to demand from the local tourism industry to lower costs as more countries ease border controls to lure holidaymakers. Vaccinated visitors to the Southeast Asian nation won’t be required to undergo a mandatory polymerase chain reaction test on the fifth day of the arrival starting from ...

  Bloomberg A Canadian commercial real estate landlord whose largest tenant is Amazon.com Inc is marketing its inaugural bond sale. RBC Canadian Core Real Estate Fund plans to issue green bonds in the near future, subject to market conditions, according to people familiar with the matter. Proceeds will finance the acquisition of two eligible projects in Vancouver and Calgary, said ...

  Bloomberg Macy’s Inc projected sales and earnings for the current year that outpaced Wall Street’s estimates — a sign that its efforts to boost online sales are paying off. Following the release, Fitch Ratings boosted the department-store retailer to investment grade. The company sees full-year earnings of $4.13 to $4.52 a share, excluding some items, topping the $3.98 average ...

Bloomberg Russia began a full-scale invasion of Ukraine after President Vladimir Putin vowed to “demilitarise” the country and replace its leaders, triggering the worst security crisis in Europe since World War II and prompting the West to threaten further punishing sanctions in response. Russia launched a barrage of missile, artillery and air attacks early on Thursday, with Ukraine reporting dozens ...

Bloomberg US President Joe Biden promised to impose “severe sanctions” against Russia for its invasion of Ukraine and he was expected to spell out the economic penalties in a public address on Thursday. The question is how far he and allies will to go to punish President Vladimir Putin. The kind of measures could include cutting Russia’s top banks from ...

Bloomberg Canada is lifting the emergency powers it enacted more than a week ago to get street protests under control, with Prime Minister Justin Trudeau saying the unprecedented authority is no longer needed. His government invoked the never-before-used Emergencies Act after hundreds of semis and other heavy vehicles blockaded the downtown of Canada’s capital city for three weeks. The demonstration ...

  Bloomberg The Pentagon is making as many as 700 National Guard troops available to Washington law enforcement to keep traffic flowing if a threatened protest convoy of trucks clogs the already congested Beltway in coming days. Social media users opposed to vaccine mandates have posted frequently about the so-called People’s Convoy, inspired by recent protests in Canada. But there ...

  Bloomberg Brazilian President Jair Bolsonaro has a slight, first-round edge over his main challenger Luiz Inacio Lula da Silva in the upcoming presidential race, but would still lose a runoff vote by a wide margin, according to the latest poll. A survey by Futura Inteligencia published on Wednesday showed that the president would get 34.3% of voter intentions, while ...