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Will Big Oil’s ‘Friday feeling’ stay forever?

More than most weeks, Big Oil had reason to cheer the arrival a Friday. The day before, the CEOs of Exxon Mobil Corp, Chevron Corp and other industry bigwigs had been called to Congress (virtually) for one of those hearing/shellacking rituals, where they were accused of hiding the dangers of climate change. The latest UN climate summit kicked off in ...

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Ryanair all set to drop London listing in a first blaming Brexit

Bloomberg Ryanair Holdings Plc is considering delisting from the London Stock Exchange (LSE) in the latest setback to the UK’s stock market arising from Brexit. The Irish discount carrier cited compliance headaches tied to Britain’s exit from the European Union as it weighs joining a growing list of firms that are disappearing from the bourse. Dublin-based Ryanair is required to ...

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Garuda Indonesia needs $1b to cut debt, stay afloat

Bloomberg PT Garuda Indonesia needs at least $1 billion of additional funds to cut debt and stay afloat, as the government says it could give up its majority control of the troubled flag carrier. Garuda is currently in talks with creditors to restructure $6.3 billion worth of debt and expects to reach an agreement in the second quarter of 2022, ...

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