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Coal giant Indika Energy’s net loss widens to $117.5m in 2020
Business 1 week ago

PREMIUM
Coal giant Indika Energy’s net loss widens to $117.5m in 2020

The coal producer has attributed its net loss in 2020 to low global coal prices and demand, primaril...
Credit Suisse faces $4.7 billion losses from Archegos fiasco
Business 2 weeks ago

Credit Suisse faces $4.7 billion losses from Archegos fiasco

The Swiss bank and Japan's Nomura warned last month that they could face significant losses due ...
Nomura, Credit Suisse warn of losses after US fund dumps stocks
Business 3 weeks ago

Nomura, Credit Suisse warn of losses after US fund dumps stocks

Neither bank named the client but the warnings follow a Bloomberg News report that a little-known fu...
Nomura sees possible
Business 3 weeks ago

Nomura sees possible "significant" loss from US transactions

The parent company of Nomura Securities said "an event" occurred Friday and the estimated ...
Rolls-Royce losses double to $4.4 billion in 2020 pandemic
Business 1 month ago

Rolls-Royce losses double to $4.4 billion in 2020 pandemic

The loss after tax, equivalent to $4.4 billion or 3.7 billion euros, compared with a loss of £...
Cathay Pacific posts record loss, warns of long recovery
Business 1 month ago

Cathay Pacific posts record loss, warns of long recovery

Chairman Patrick Healy described 2020 as the "most challenging" in the airline's 70-ye...
Qantas posts huge loss, says no international flights until October
Business 1 month ago

Qantas posts huge loss, says no international flights until October

The country's biggest airline said it suffered an underlying pre-tax loss of Aus$1.03 billion (U...
French hotel giant Accor plunges into red as virus hits
Business 1 month ago

French hotel giant Accor plunges into red as virus hits

Ranked number six globally, Accor reported sales down some 60 percent at 1.6 billion euros ($1.95 bi...
Liverpool's collapse continues after spectacular drop in form
Sports 1 month ago

Liverpool's collapse continues after spectacular drop in form

Their 2-0 defeat at Anfield was their first loss at home to city rivals Everton since 1999 and was a...
Airbus books 1.1-billion-euro loss in 2020 in wake of Covid-19
Business 2 months ago

Airbus books 1.1-billion-euro loss in 2020 in wake of Covid-19

Airbus said in a statement that it booked a net loss of 1.1 billion euros ($1.3 billion) in 2020.
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