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British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.6 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its forecast to burn through less cash this year.
Rolls-Royce shares hit their lowest level since 2004 on Monday after the British aero engine maker confirmed it was considering a rights issue of up to 2.5 billion pounds ($3.23 billion) following months of speculation about its finances.
Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a $55 million debt financing deal with the Commercial Bank of Dubai (CBD),
Eurozone consumer prices skyrocketed by a record 10 per cent in September, official data showed on Friday, as inflation reached double digits on the back
India’s central bank said a “bleak” global outlook warranted its fourth rate hike in five months on Friday, as Asia’s third-largest economy struggles under
A key measure of Sri Lanka’s consumer inflation surged to an annual record 69.8 per cent in September, official data showed on Friday, highlighting the challenge