JP Morgan abandons Boeing buy call after three years

03/12/2020

(Reuters) – JP Morgan analysts have given up on their long-term “overweight” call on Boeing Co (BA.N) shares, cutting their price target for the company by $160 to just $210 dollars in a note to clients on Thursday. The bank, which now rates Boeing “neutral”, […]

DBS expects further revenue hit as coronavirus sours loans

03/12/2020

SINGAPORE (BLOOMBERG) -DBS Group Holdings signalled that its expected 2 per cent revenue hit from the coronavirus may be revised as the pandemic causes loans to sour. “This is a moving target,” the bank’s head of institutional banking, Ms Tan Su Shan, said when asked about […]

Cineworld could breach debt terms in worst case virus scenario

03/12/2020

LONDON (Reuters) – British cinema operator Cineworld (CINE.L) said on Thursday it could breach the terms of its existing debt arrangements under a worst case scenario for the impact of the coronavirus over the next few months, sending its shares down 20%. The company, whose […]