Liberty Steel owner Sanjeev Gupta said he had huge interest from financiers willing to refinance billions of dollars in debt owed to failed lender Greensill Capital and cautioned creditors against pulling the plug and destroying thousands of jobs.
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CALGARY, Alberta, April 1 (Reuters) - Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) said on Thursday it is setting up a partnership with Energize Ventures, a global alternative investment manager, that will invest $125 million over three years in clean technologies.
The investment partnership will focus on digital innovations that can transform the energy and sustainable industry sectors, and the two companies will pool knowledge on climate investments.
“As part of its long-standing commitment to invest in solutions that address climate change, CDPQ is leveraging opportunities with strategic partners to direct more capital towards innovative investments and sustainability initiatives,” said Mario Therrien, Head of Investment Funds at CDPQ.
Biden plans broad spending programme, big U.S. jobs number eyed U.S. bond yields turn steady in calmer trade
LONDON, April 1 (Reuters) - World stocks ran higher on Thursday following their slowest quarter in a year, as U.S. economic strength offset the return to strict COVID lockdown measures in parts of Europe and elsewhere.
U.S. President Joe Biden’s sweeping $2.3 trillion plan to rebuild America’s crumbling infrastructure lifted MSCI’s 50-country world index for a second day running, while oil jumped 1.5% before an OPEC meeting.
Asian markets had seen a strong finish with a late burst pushing Chinese shares up 1.2%, and Europe’s STOXX 600 shrugged off France’s new lockdown order to push back towards its pre-COVID record highs.
U.S. Trade Representative Katherine Tai, in a call on Thursday with Vietnam's minister of industry and trade, highlighted U.S. concerns about Vietnam's currency practices, USTR said in a statement. (Reporting by Eric Beech; Editing by Leslie Adler)
By Reuters Staff
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BOGOTA, March 29 (Reuters) - Net losses at airline Avianca Holdings increased 22% to $1.09 billion in 2020, due to the near-paralysis of global air travel because of COVID-19, the company said on Monday.
The airline, which is carrying out a restructuring process under the U.S. Chapter 11 bankruptcy law, had losses of $894 million in 2019.
Operations contracted 74% year-on-year, the airline said in a filing to Colombia’s financial regulator, while operating income was down to $1.71 billion, from $4.62 billion in 2019.
Keeping passenger planes grounded due to coronavirus meant Avianca reduced its costs to $2.3 billion in 2020 from $5.17 billion the year before, the statement said.