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Bloomberg For nearly all retailers, the pandemic has meant shoppers check out less often and stock up on each trip. But Target Corp bucked that trend with record sales and profit last quarter, emerging as a winner in the Covid-19 era. The shares jumped as much as 13% to their highest price ever last week after Target reported a 4.6% …

Bloomberg Delta Air Lines Inc laid out plans to resume 50 international routes later this year and next that have been grounded by the collapse in travel demand amid the coronavirus pandemic. International flying evaporated after some countries banned travel from virus hot spots and others imposed quarantines. Passenger volume on such flights in the week ending August 16 was …

Bloomberg American Airlines Group Inc plans to cease flights to 15 smaller US cities because of low demand, beginning the first phase of dropping markets from its network as the coronavirus pandemic keeps millions of flyers off planes. The reductions are effective from October 7, shortly after the expiration of service requirements tied to federal payroll aid, American said in …

Bloomberg Ryanair Holdings Plc plans to cut fewer jobs than initially planned after staff agreed to pay reductions, Sky News reported, citing a senior executive at the company. Europe’s biggest discount carrier originally planned to eliminate 3,000 positions, but will now significantly reduce that total after 97% of pilots and 90% of cabin crew agreed to pay cuts and changes …

Bloomberg Singapore Airlines Ltd has burned through half of the S$8.8 billion ($6.4 billion) it raised through share sales in just two months even as it cut costs and grounded most of its fleet, highlighting how carriers can keep incurring expenses even when planes are left idle. Of the S$4.4 billion spent since mid-June, S$1.1 billion was used for operating …

Bloomberg Amazon.com Inc’s India brick and mortar retail partner Future Retail Ltd is in talks with banks to help fund a missed interest payment before a deadline. The company failed to pay $14 million of interest due July 22 on its 5.6% 2025 dollar notes, and is in a 30-day grace period that expired last week. If payment were not …

Bloomberg Goldman Sachs Group Inc. is considering raising a venture and growth fund of around $2 billion, a move that would make it a bigger player in the competitive world of technology investing, according to people familiar with the matter. A $2 billion fund for investing in growth- and venture-stage companies would be one of larger ones in the industry …

Bloomberg Thailand’s commercial banks are financially sound and are able to withstand any economic impact from the pandemic, Bank of Thailand Deputy Governor Ronadol Numnonda said in a statement on Sunday. The banking system’s capital fund is strong with an adequacy ratio, or BIS ratio, at the “high level” of 19.2% by the end of June. Lenders are profitable and …

Bloomberg The Federal Reserve has used only a fraction of the $600 billion in an emergency lending program for small and medium businesses struggling with the Covid pandemic, according to a congressional watchdog report. Eligible lenders participating in the Main Street program have issued $496.8 million in loans, of which $472 million is Federal Reserve money, or about 0.07% of …

Bloomberg Rabobank Group is reviewing its commodity trade finance business, joining other major lenders in reconsidering their roles in an industry upended by recent trading scandals and the novel coronavirus. The Dutch bank, best known for financing food and agricultural traders, is analysing clients in its current portfolio. While it has no plans to exit the sector, it may choose …