Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Jan"


25 mentions found


China, Hong Kong stocks slip on profit-taking after recent rally
  + stars: | 2021-01-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
** The CSI300 index slipped 0.5% to 5,537.05 at the end of the morning session, while the Shanghai Composite Index slid 0.7% to 3,595.00. ** Leading gains, both CSI300 materials index climbed 0.9% and the CSI300 transport index slid 0.1%. ** “Its a consolidation after recent rally and underlying tone for both Shanghai and Hong Kong markets remain firm, and investors are continuously having strong confidence in the markets with support from government’s policies,” said Linus Yip, chief strategist from First Shanghai Securities. ** In Hong Kong, the Hang Seng index fell 1.5% to 29,480.11, while The Hong Kong China Enterprises Index also declined 1.5% to 11,707.24. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.72% while Japan’s Nikkei index was down 0.4%.
Persons: HONG KONG, Jan, Joe Biden, , Linus Yip, Donny Kwok, Rashmi Aich Organizations: HK, Shanghai, U.S, Congress, First Shanghai Securities, Hong Kong China Enterprises, Nikkei Locations: Shanghai, China, HONG, COVID, Hong Kong, Hong, Asia, Japan
Australian dlr slips after bleak Dec retail sales data, NZ$ weakens
  + stars: | 2021-01-22 | by ( Swati Pandey | ) www.reuters.com sentiment -0.99   time to read: +2 min
SYDNEY, Jan 22 (Reuters) - The Australian dollar slipped on Friday after disappointing retail sales data for December though it was still on track for a strong weekly rise while its New Zealand peer was slightly weaker as well. The Australian dollar went as low as $0.7743 after preliminary data for December showed a larger-than-expected 4.2% drop in retail sales which was spread across five of the six retail categories, led by household goods. December’s drop “should not be taken as a signal that the economy is weakening,” National Australia Bank economist Tapas Strickland said, noting retail sales were still up 9.2% from pre-pandemic February levels. The New Zealand dollar was down 0.3% at $0.72. Westpac on Thursday ditched its call for two more rate cuts from the Reserve Bank of New Zealand (RBNZ) and forecast rates would be held at 0.25% for the foreseeable future.
Persons: Jan, Tapas Strickland, Joe Biden, Simon Cameron, Moore Organizations: SYDNEY, Australian, ” National Australia Bank, New Zealand, Westpac, Reserve Bank of New Zealand Locations: Zealand, United States, New Zealand
UPDATE 2-New Zealand c.bank postpones statistics releases after cyber hack
  + stars: | 2021-01-22 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
The breach was announced earlier this month and the Reserve Bank of New Zealand (RBNZ) said a file sharing service provided by California-based Accellion was illegally accessed. Statistics on bank customer lending, credit card balances and spending, new mortgage commitments, bank liquidity, non-bank lending institutions, and retail interest rates would be delayed, the bank said. “RBNZ will be postponing publication of most statistical releases. The bank said delays to publication were necessary because the hacked file transfer software application, Accellion FTA, was used for transferring data from regulated entities into RBNZ systems. “The RBNZ will not be collecting data from these entities for statistical production until a new secure file transfer system is implemented,” RBNZ said.
Persons: Jan, Accellion, , ” RBNZ, , Dave Parry, it’s, Praveen Menon, Jacqueline Wong, Kenneth Maxwell Organizations: Reserve Bank of New Zealand, Computer Science, Auckland University of Technology Locations: WELLINGTON, California
New Zealand's c.bank to postpone statistical releases after hacking incident
  + stars: | 2021-01-22 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
SYDNEY, Jan 22 (Reuters) - New Zealand’s central bank said on Friday it will be postponing publication of most statistical releases after an illegal data breach incident earlier this month. The Reserve Bank of New Zealand (RBNZ) said in a statement it expects the new system to become available in February, adding no data has been lost and no publications would be cancelled. A cyber attack this month led to a serious data breach at the RBNZ where a file sharing service provided by California-based Accellion was illegally accessed.
Persons: Jan, Accellion Organizations: SYDNEY, Reserve Bank of New Zealand Locations: California
New Zealand c.bank says significant progress made in data breach probe
  + stars: | 2021-01-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
WELLINGTON, Jan 22 (Reuters) - New Zealand’s central bank said on Friday that an investigation into a data breach earlier this month had significantly progressed and it was able to tell stakeholders which of their files on file transfer application were downloaded illegally. The Reserve Bank of New Zealand (RBNZ) said the cause of this breach of a third-party file sharing application has now been understood and resolved. Governor Adrian Orr said it would give an update on an independent review underway on the breach next week. (Reporting by Praveen Menon; Editing by Jacqueline Wong)
Persons: Jan, Adrian Orr, Praveen Menon, Jacqueline Wong Organizations: WELLINGTON, Reserve Bank of New Zealand
UPDATE 1-Brazil's Amaggi soybean producer prices $750m green bond -CFO
  + stars: | 2021-01-21 | by ( Ana Mano | ) www.reuters.com sentiment -0.97   time to read: +2 min
The 2028 notes yielding 5.25% are part of a recent boom in green bonds, which exclude sectors deemed to be unethical or polluting. “We had to take investors by the hand,” Pozzi said of the four-day meeting rounds to sell the deal. Investment research firm Lucror Analytics recognized Amaggi’s commitment to environmentally and socially responsible practices. But lead analyst Soummo Mukherjee raised concerns in a Wednesday note about governance risks tied to Amaggi’s family ownership. Brazilian sugar and meat producers have long tapped bond markets, but the country’s grains producers rarely do so.
Persons: Jan, Andre Maggi Participacoes, Officar Dante Pozzi, ” Pozzi, Blairo Maggi, Soummo Mukherjee, Ana Mano, Diane Craft Organizations: SAO PAULO, Andre Maggi Participacoes SA, Agriculture, Investment, Lucror Analytics
The Senate Finance Committee plans to consider her nomination for Treasury Secretary for 10 a.m. EST on Friday. * Yellen said Biden’s proposal for a 15% minimum tax on booked income, rather than taxable income, would recapture tax revenue lost to tax avoidance by companies with low or zero tax liabilities. * Yellen did not directly respond to a question about how she would coordinate with the Federal Reserve in the event the central bank adopts yield curve control measures. “Given my prior leadership at the Federal Reserve, I understand deeply why it is so important to maintain the tradition of the independence of the Fed in monetary policy. If confirmed, I intend to work closely with the Federal Reserve Board and the other federal banking and securities regulators on how to implement an effective regulatory framework for these and other fintech innovations.”
Persons: Jan, Janet Yellen, Biden, Yellen, Biden’s, Powell, Said, The, Harris, , Organizations: Treasury, Finance, Reuters, STATE, U.S, OECD, IRS, U.S ., Federal Reserve, The Biden, Harris Administration, Commerce, U.S . Trade, Federal Reserve Board Locations: WASHINGTON, , United States
Earlier in the session, it touched its strongest level since April 2018 at 1.2590. "The loonie is still the darling of the market place," said Amo Sahota, director at Klarity FX in San Francisco. Speculators have turned bullish on the Canadian dollar since December, according to data from the U.S. Commodity Futures Trading Commission. Oil settled 18 cents lower at $53.13 a barrel after industry data showed a surprise increase in U.S. crude inventories. The arrival of COVID-19 vaccines and stronger foreign demand have brightened the outlook for the Canadian economy in the medium term, the Bank of Canada said on Wednesday.
Persons: Price, Fergal Smith TORONTO, Jan, Amo Sahota, it's, Joe Biden's, Fergal Smith, Andrea Ricci, Paul Simao Organizations: Canadian, U.S, Bank of Canada, FX, U.S . Commodity Futures Trading Commission, U.S . Locations: San Francisco, Canada, COVID
Czech parliament extends state of emergency until Feb. 14
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A member of a mobile vaccination team prepares a shot of the coronavirus disease (COVID-19) vaccine at the Home of Holy Family, for people with mental disabilities of welfare organisation Caritas, in Prague, Czech Republic, January 13, 2021. REUTERS/David W Cerny/File PhotoPRAGUE (Reuters) - The lower house of the Czech parliament on Thursday extended the country’s state of emergency until Feb. 14, a week less than the government had wanted as it seeks to keep in place measures to tamp down coronavirus infections. The extension, pushed through with support of the Communist party, provides the government with a legal basis for some measures such as limits on assembly and movement, or temporarily shuttering businesses. The country of 10.7 million has been one of the worst-hit globally with 14,973 deaths so far and over 150 deaths most days this month as many hospitals are filled to capacity. Officials have also said the number of those hospitalized with Covid-19 needs to fall by more than half to below 3,000 patients for the government to consider lifting some restrictions.
Persons: David W Cerny, Jan Blatny Organizations: Caritas, REUTERS, Communist Locations: Prague, Czech Republic, PRAGUE, Czech
Facebook said Thursday it is seeking a second opinion on its decision to indefinitely suspend former President Donald Trump, referring the matter to the oversight board it set up to hear such cases. The oversight board said in a statement on its website that it had accepted the Trump case for examination by a five-person panel. “The Oversight Board launched in late 2020 to address exactly the sort of highly consequential issues raised by this case,” the board said in its statement, which was unsigned. It was unclear if Trump had appealed Facebook’s decision to the board or had any communication with it. Clegg said that while Facebook awaits the oversight board’s decision, “Mr.
Persons: Donald Trump, ” Nick Clegg, Mark Zuckerberg, Trump, Facebook’s, , , Clegg, “ Mr, Kate Klonick Organizations: Facebook, Trump Organization, Jan, U.S, Capitol, White, Trump, Tech, St, John’s University Locations: Silicon Valley
WASHINGTON, Jan 21 (Reuters) - Georgetown University academic Chris Brummer has emerged as the leading candidate to chair the Commodity Futures Trading Commission (CFTC), according to three people with knowledge of the discussions. The White House is expected to make an announcement on that and other financial regulator roles soon, one of the people said. (Reporting by Michelle Price Editing by Chris Reese)
Persons: Jan, Chris Brummer, Michelle Price, Chris Reese Organizations: Georgetown University, Futures Trading Commission
A video viewed over 3.7 million times on Twitter allegedly shows a military band playing ‘Hit the Road Jack’ outside the White House, ahead of President Donald Trump’s departure. The Military Band right outside the White House — “Hit The Road Jack”...” and “Military Marching Band playing “Hit the Road Jack” in front of the White House loud enough for Trump to hear it is the illest.”But the original footage, tweeted by CNN anchor Jim Acosta on Jan. 18, 2021 here shows that the band was actually playing a different song. His caption reads: “Preps for Biden inaugural... you can hear the band playing on WH grounds”. The audio that was digitally included resembles the recording of “Hit the Road Jack” by the Ohio State University Marching Band (exact moment can be heard youtu.be/jOyKQYzm6VY?t=78 ). Footage of a military band practicing near the White House prior to President Joe Biden’s inauguration, has been digitally altered to include the song “Hit the Road Jack”.
Persons: Jack ’, Donald Trump’s, Jack ”, Jim Acosta, Jan, Preps, Joe Biden’s, Read Organizations: Twitter, Facebook, YouTube, White, Trump, CNN, Biden inaugural, WH, Ohio State, Marching, Reuters
U.S. panel asks FBI to review role of Parler in Jan. 6 Capitol attack
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: Supporters of President Trump scale the walls of the Capitol Building, January 6. REUTERS/Jim UrquhartWASHINGTON (Reuters) - The House Oversight and Reform Committee on Thursday asked the FBI to conduct a comprehensive investigation into the role that Parler, a social media website and app popular with the American far right, played in the violence at the U.S. Capitol. Representative Carolyn Maloney, who chairs the panel, cited press reports that detailed violent threats on Parler against state elected officials for their role in certifying the election results before the Jan. 6 attack. She also noted numerous Parler users have been arrested and charged with threatening violence against elected officials or for their role in participating in the attack. Reuters reported this week Parler partially returned online with the help of a Russian-owned technology company.
Persons: Trump, Jim Urquhart WASHINGTON, Carolyn Maloney Organizations: Capitol, REUTERS, FBI, U.S . Capitol, Reuters Locations: Russian
BUCHAREST/PRAGUE/SOFIA (Reuters) - Pfizer has slashed in half the volume of COVID-19 vaccines it will deliver to some EU countries this week, government officials said on Thursday, as frustration over the U.S. drugmaker’s unexpected cut in supplies grows. REUTERS/Dado RuvicRomania will get 50% of its planned volume this week and supplies will only improve gradually, with deliveries not returning to normal until the end of March, Deputy Health Minister Andrei Baciu told Reuters. Pfizer and its German partner BioNTech have declined to comment on the cuts beyond their statement last week, which announced cuts to deliveries as they ramp up manufacturing in Europe. The U.S. drugmaker has told Bulgaria and Poland it will replace missing doses, top officials said. With governments across the region still reeling from the surprise cuts, officials say the reductions are undermining their efforts to inoculate their citizens and tame the pandemic which has killed more than 2 million people.
Persons: Dado Ruvic, Andrei Baciu, Jan Blatny, BioNTech, drugmaker, Viktor Orban’s, Gergely Gulyas Organizations: Pfizer, U.S, REUTERS, Reuters, , Institute, AstraZeneca, Russia’s Sputnik Locations: BUCHAREST, PRAGUE, SOFIA, Dado Ruvic Romania, Poland, Czech, Europe, Norway, U.S, Bulgaria, Italy, Hungary, EU, Brussels, Canada, Switzerland, Grisons
BEIJING (Reuters) - A Beijing unit of Sinovac Biotech manufacturing a COVID-19 vaccine said it is facing difficulties in finding staff to expand production because of surging local infections and the imminent Lunar New Year holiday. FILE PHOTO: A man works in the packaging facility of Chinese vaccine maker Sinovac Biotech, developing an experimental coronavirus disease (COVID-19) vaccine, during a government-organized media tour in Beijing, China, September 24, 2020. The unit, which produces the CoronaVac vaccine, is looking to hire 980 new employees, including 100 production engineers, the article said. The 1-billion-dose-by-Feburary target is for bulk production, while the company’s capacity to put the vaccine into vials or syringes is smaller, Liu said. It has also shipped more than 7 million doses in China as of Jan 10.
Persons: Thomas Peter, , Ma Hongbo, Ma, Liu Peicheng, Liu, Sinovac, Jan Organizations: Sinovac Biotech, REUTERS, Beijing Talent Market, Reuters, Jointown Pharmaceutical Group Locations: BEIJING, Beijing, China, Daxing, 39OydwA, Indonesia, Brazil, Turkey, Chile, Wuhan
World stocks racked up record highs and the U.S. dollar fell as investors bet major stimulus from Biden and unswerving global central bank support would cushion the coronavirus's economic damage. Canada runs a current account deficit and is a major producer of commodities, including oil, so the loonie tends to be sensitive to the global economic outlook. The Canadian dollar was trading 0.1% higher at 1.2613 to the greenback, or 79.28 U.S. cents, having touched its strongest intraday level since April 2018 at 1.2590. The central bank signaled it would reduce the pace of bond purchases as it gains confidence in the strength of the economic recovery. Canadian government bond yields were higher across a steeper curve, with the 10-year up 4.6 basis points at 0.874%.
Persons: Jan, Joe Biden, Biden, Fergal Smith, Andrea Ricci Organizations: Canadian, U.S, Keystone XL, U.S ., Bank of Canada Locations: TORONTO, Canada, Alberta, Nebraska . U.S
U.S. housing starts, building permits accelerate
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
Housing starts jumped 5.8% to a seasonally adjusted annual rate of 1.669 million units last month, the Commerce Department said on Thursday. Economists polled by Reuters had forecast starts would rise to a rate of 1.560 million units in December. Single-family homebuilding, the largest share of the housing market, soared 12.0% to a seasonally adjusted annual rate of 1.338 million units. Single-family building permits raced 7.8% to a rate of 1.226 million units in December. Rising rental vacancy rates are a challenge for the multi-family housing market.
Persons: Jan, Homebuilding, Freddie Mac, Lucia Mutikani, Paul Simao Organizations: Housing, Commerce Department, Reuters, Builders, Labor Department Locations: Homebuilding
The export and tourism-reliant economy is also expected to grow in the first quarter from a year earlier, Arkhom said. Tourism is far from recovering, but exports should grow about 3% this year after last year’s decline, Arkhom said. The economy likely shrank 6% in 2020, the deepest in over two decades, with a decline of 3-4% in the December quarter, Arkhom said. “The rate is very low and should remain at this level for a while to ensure that our economy fully recovers,” he said. ($1 = 29.92 baht) (Reporting by Orathai Sriring, Kitiphong Thaichareon, Satawasin Staporncharnchai; Editing by Martin Petty)
Persons: Jan, Arkhom Termpittayapaisith, , Arkhom, Orathai Sriring, Kitiphong, Satawasin, Martin Petty Organizations: Reuters, Tourism Locations: BANGKOK, Thailand
Statement from the ECB following policy meeting
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
FRANKFURT, Jan 21 (Reuters) - Following is the statement from the European Central Bank following its policy meeting. The Governing Council decided to reconfirm its very accommodative monetary policy stance. First, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. Second, the Governing Council will continue the purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of €1,850 billion. Finally, the Governing Council will continue to provide ample liquidity through its refinancing operations.
Persons: Jan Organizations: FRANKFURT, European Central Bank, APP
KARACHI, Pakistan, Jan 21 (Reuters) - Pakistan's foreign exchange reserves decrease by $386 million at $13,013.8 million in the week ending Jan 15, compared to $13,400.0 million in the previous week, central bank said on Thursday. RESERVES Week ending Previous Week Change/pct ($ billions) Jan 15 Held by the State $13,013.8 mln $13,400.0 mln -2.8 Bank of Pakistan Held by $7,106.5 mln $7,119.0 mln -0.1 commercial banks Total $20,120.3 mln $20,519.0 mln -1.9 During week ending January 15, State Bank reserves decrease by $386 million due to external debt repayments, central bank statement said on Thursday. (Reporting by Syed Raza Hassan)
Persons: Jan, Syed Raza Hassan Organizations: Bank of, State Bank Locations: KARACHI, Pakistan, Bank of Pakistan
Thai economy may grow 3-4% this year after new outbreak - FinMIn
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +1 min
BANGKOK, Jan 21 (Reuters) - Thailand’s economy could grow 3-4% this year, less than earlier forecast, following its biggest coronavirus outbreak yet, while the key interest rate should remain low to support domestic activity, the finance minister told Reuters on Thursday. “If the outbreak is contained, the impact may not be much,” he said. The economy is also expected to grow in the first quarter from a year earlier, Arkhom said. On Tuesday, the government approved additional stimulus worth $7 billion to ease the outbreak impact, which Arkhom said could lift growth by 0.5-0.6 percentage point this year. The ministry in October forecast economic growth of 4.5% in 2021 with exports up 6%.
Persons: Jan, Arkhom Termpittayapaisith, , Arkhom, Orathai Sriring, Kitiphong, Satawasin, Martin Petty Locations: BANGKOK
FILE PHOTO: Outgoing first lady Melania Trump smiles as U.S. President Donald Trump delivers remarks during this last speech as president at Joint Base Andrews, Maryland, U.S., January 20, 2021. Vance has not charged anyone with criminal wrongdoing and Trump has said the investigation is politically motivated. Would a pardon for Giuliani have helped Trump? But the Constitution does not require this, and Trump could secretly issue preemptive pardons to family members and associates, or even himself, said Alonso. A secret pardon might only become public if the recipient were eventually charged with a federal crime and invoked the pardon as a defense.
Persons: Donald Trump, Rudy Giuliani, Melania Trump, Carlos Barria, Cyrus Vance, Vance, Trump, Daniel R, Alonso, Buckley, Jessica Levinson, Joe Biden’s, Republican Trump, , Levinson, , pardoning, Trump’s, Giuliani, Hunter Biden, Jessica Roth, Benjamin N, ” Roth, pardoning Giuliani, Biden Organizations: Reuters, Joint Base Andrews, REUTERS, U.S . Department of Justice, Attorney’s, Trump, U.S, Capitol, Loyola Law School, Republican, White, U.S . Senate, Representatives, Biden, House, Prosecutors, Foreign, Cardozo School of Law, , Presidential Locations: Joint Base Andrews , Maryland, U.S, Manhattan, Los Angeles, New York
Canadian pension funds hunt for pandemic real estate bargains
  + stars: | 2021-01-21 | by ( Maiya Keidan | ) www.reuters.com + 0.00   time to read: +3 min
Canadian pension funds held $278.7 billion in property assets in 2019, up 4% from 2018, according to the Pension Investment Association of Canada, making them the country’s largest real estate owners. “We’re looking for buying opportunities,” said Hilary Spann, Head of Americas, Real Estate at CPP Investments, which manages $456.7 billion. CPP announced a U.S. joint venture with Greystar Real Estate Portfolio to build multiple separate housing units this month, a deal that was initiated pre-pandemic. Kristopher Wojtecki, Managing Director, Real Estate at PSP Investments, told Reuters the fund had been increasing exposure in select sectors including single family rental and production studio real estate during the pandemic. Grant McGlaughlin, partner at law firm Fasken, said he did not see any drastic moves on pension funds getting rid of their real estate portfolios.
Persons: Jan, , , Hilary Spann, Spann, ” Paul Morassutti, CPP’s Spann, Kristopher Wojtecki, Canada’s, Grant McGlaughlin, Fasken, Maiya, Denny Thomas, David Gregorio Organizations: TORONTO, Pension Investment Association of Canada, Investments, Greystar, Hudson Pacific Properties, CBRE, PSP Investments, Reuters, Ivanhoé Cambridge, Caisse Locations: Seattle, Canada, Downtown, New York, San Francisco, Caisse, Quebec
(Adds comment, Russian investment fund statement)BUDAPEST, Jan 21 (Reuters) - Hungary’s drug regulator has given initial approval for use of Britain’s AstraZeneca and Russia’s Sputnik V vaccines against the coronavirus, Prime Minister Viktor Orban’s chief of staff said on Thursday, confirming media reports. Foreign Minister Peter Szijjarto was travelling to Moscow for talks about the Sputnik V vaccine later on Thursday, Gergely Gulyas told a briefing. “This decision is very important as it demonstrates that the vaccine’s safety and efficacy of over 90% are highly regarded by our partners in Hungary,” he said. Moscow has said Sputnik V is 92% effective at protecting people from COVID-19 based on interim results, but has not yet released the full dataset for the trials. Russia on Wednesday filed for registration of the Sputnik V vaccine in the EU ahead of an EMA review next month.
Persons: Jan, Viktor Orban’s, Peter Szijjarto, Gergely Gulyas, Gulyas, Kirill Dmitriev, , Anita Komuves, Polina Ivanova, Mark Heinrich Organizations: AstraZeneca, Russia’s Sputnik, Sputnik, European Union, European Medicines Agency, Oxford University, Russian Direct Investment Fund, Hungary Locations: BUDAPEST, Moscow, Russia, Hungary, Britain, Hungarian, COVID
UPDATE 1-Norwegian Air to get financial backing from government
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
(Adds details, quotes)OSLO, Jan 21 (Reuters) - Norway is willing to take part in the refinancing of Norwegian Air, Industry Minister Iselin Nyboe said in a statement on Thursday, without indicating how much the government would contribute. The heavily indebted budget carrier, which has been forced to ground all but six of its 138 aircraft due to the coronavirus crisis, asked the government last week for help. “The government’s support significantly increases our chances of raising new capital and getting us through the reconstruction process,” Norwegian Chief Executive Jacob Schram said in a statement. If its reconstruction succeeds, Norwegian has said it will initially cut its fleet to about 50 aircraft. (Reporting by Terje Solsvik; Editing by Edmund Blair and Alexander Smith)
Persons: Jan, Iselin Nyboe, Jacob Schram, Terje Solsvik, Edmund Blair, Alexander Smith Organizations: Norwegian Air , Industry Locations: OSLO, Norway, Ireland
Total: 25