Money Matters
Guaranteed billion-dollar loan to save Air France-KLM in progress
Air France-KLM is in talks with banks about up to 6 billion euros in loans, guaranteed by the French and Dutch governments. Anonymous sources report this on Friday.…
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Moody’s posts negative outlook for oil and gas companies
Credit rating agency Moody’s is more negative about the large oil and gas companies Total, BP and Equinor because of the slump in the oil sector due to…
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ArcelorMittal reduces steel production: low demand and corona virus
Steel giant ArcelorMittal will temporarily reduce its production in line with the decreased demand due to the corona crisis. The rapid spread of the virus and the stringent…
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Renault closed all factories outside China and South Korea
The French car maker has closed all its factories, except those in China and South Korea, in connection with the outbreak of the new corona virus. Production will…
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Even waste processors expect less profit due to virus ourtbreak
Renewi Waste processor is bracing for the consequences of the corona crisis. The company assumes that due to the crisis, less waste will be processed, and is therefore…
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Another significant drop in European commercial vehicle sales
Sales of new commercial vehicles in the European Union fell considerably in February, just as in January. Sales fell 6.2 percent year-on-year to 154,889 vehicles, auto industry association…
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Netherlands provided adequate measures to protect banks
The impact of the corona crisis on Dutch banks is limited by measures taken by authorities to mitigate the negative consequences. Credit rating agency Moody’s reported this in…
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