The group said that most of its debts are held in the United States . " LATAM Airlines Group and its affiliates in Chile, Peru, Ecuador and Colombia entered into a voluntary reorganization under Chapter 11 protection in the United States", he added. [Full Article...]
He, however, raised caution saying that people's expectations about the vaccine have to be managed as it isn't till the third phase of the trial that the vaccine's efficacy and safety can be gauged. Testing is due to start in mid-June before larger-scale trials in October. As he explained, the plan is to recruit people over the age of 70 and children between the ages of five and 12 to inoculate ... [Full Article...]
The legislation still needs to pass the House of Representatives and be signed by President Donald Trump . It affects 233 Chinese companies with a combined market valuation of $1.03 trillion, according to Goldman Sachs. China's securities watchdog on Sunday condemned a US law that could block Chinese firms from USA securities exchanges, saying it politicised regulation and would damage both count... [Full Article...]
No other angles have been revealed at this time, although Hyundai says we can expect "interior design updates providing premium amenities and comfort". It is expected to get a 12.3-inch fully-digital instrument cluster for high-end models, more sophisticated driver assistance technologies as part of the upgrades in the new models. [Full Article...]
LATAM and the affiliates will be able to "re-size" their operations, to match new levels of demand, and re-organise balance sheets to become "more agile, resilient and sustainable". LATAM, formed when Chile's LAN merged with Brazil's TAM in 2012, said its Brazilian affiliates are in discussions with the Brazilian government about the next steps and financial support for operations in the country. [Full Article...]
Jaguar Land Rover has asked for a major support package to help it get through the coronavirus pandemic, Sky News reported, without saying where it got the information. Analysts at CLSA this month said that Tata Motors is worth nothing without JLR. Still, we shall see how the demands are for Luxury cars amid the global recession. [Full Article...]
Spain is also easing some lockdown measures in Madrid and Barcelona, while Greece, Germany and the Czech Republic are preparing to allow bars and restaurants to begin serving again. China's blue-chip CSI300 index was down 0.12%, with its financial sector sub-index lower by 0.27%, the consumer staples sector up 1.94%, the real estate index higher 1.49% and the healthcare sub-index up 0.9%. [Full Article...]
The attempt followed five years of development of the 70-foot-long (21.3 meter) LauncherOne rocket. "We've confirmed a clean release from the aircraft", it added three minutes later, but noted that the mission had been terminated. The rocket, an air-propelled vehicle called LauncherOne, was required to make its first test run over the Pacific Ocean during a four-hour window that opened at 10 a.m... [Full Article...]