The U.S. Securities and Exchange Commission (SEC) on Tuesday sued Morningstar Credit Ratings LLC for allegedly violating U.S. securities laws in rating commercial mortgage-backed securities, the regulator said in a statement.
Boeing deal unlikely before restructuring over - CFO Detailed plan expected next week (Adds detail on aircraft orders)
OSLO, Feb 26 (Reuters) - Norwegian Air booked an impairment charge of 12.8 billion crowns ($1.5 billion) in the fourth quarter as it cancelled a major Airbus order and plans to shrink its current fleet to avoid bankruptcy.
Norwegian received protection from bankruptcy late last year in both Norway and Ireland, where most of its assets are registered, and it aims to come out of its restructuring process with fewer aircraft and less debt.
“We are doing everything we can to emerge as a more financially secure and competitive airline with an improved customer offering,” Chief Executive Jacob Schram said on Friday.
Portugal's largest utility EDP announced plans to invest an unprecedented 24 billion euros ($29 billion) over five years mostly in renewable power and grids in the United States and Europe as it seeks to accelerate by 20 years its push to go "completely green".
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DUBAI, June 23 (Reuters) - Oman switched to a fiscal surplus in the first four months of the year after it cut public spending amid low oil prices and the coronavirus crisis, official figures showed.
While other Gulf states resorted to debt to fill state coffers, Oman - which has over $20 billion in outstanding bonds rated junk by major rating agencies - has avoided international markets after a spike in borrowing costs in recent months.
But severe cuts in public expenditure have led to a surplus of 134.2 million rials ($349.48 million) in January-April from a deficit of 133.2 million rials a year earlier, the figures released by the national statistics agency showed.