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Nissan seeks $4.6b in loans as sales drop

Bloomberg Nissan Motor Co. has requested loans totaling $4.6 billion from lenders including Japan’s three megabanks as the carmaker suffers from plunging sales due to the coronavirus, according to bankers familiar with the matter. The automaker is seeking financing from Mizuho Financial Group Inc., Sumitomo Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and the state-backed Development Bank of Japan, ...

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Covid-19: Lockdown leaves UK dreading when money runs out

Bloomberg For Graham Lancaster, the owner of a real estate agency in the English county of Kent, the alarm will go off in three months. Britain is headed into its peak of the coronavirus outbreak, and companies and households are busy doing the math to see how long they’ve got before the money runs out, just as they are across ...

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Bolt seeks state aid as banks decline loan

Bloomberg Ride-hailing company Bolt Technology OU is seeking credit support from the Estonian government after a switch to quarantine-friendly services failed to sufficiently improve its finances and banks turned down requests for loans. The service formerly known as Taxify, a rival to Uber Technologies Inc, is asking for $54 million in loans or public credit guarantees after commercial lenders have ...

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