S&P warns 1 in 10 US firms may default on debt
A wave of company defaults is likely to sweep the United States and Europe as measures to contain the coronavirus spark a recession, S&P Global Ratings said Friday.
Mar 20, 2020
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12
A wave of company defaults is likely to sweep the United States and Europe as measures to contain the coronavirus spark a recession, S&P Global Ratings said Friday.
Mar 20, 2020
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12
Business
Beleaguered national airline South African Airways (SAA) announced on Tuesday it was cancelling 10 domestic and one international flight in an effort to streamline services and save cash.
Jan 21, 2020
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3
Business
An American aviation firm said on Friday it had taken over Iceland's bankrupt airline WOW Air together with local investors and said flights would resume in October.
Sep 6, 2019
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35
In common language cash refers to money in the physical form of currency, such as banknotes and coins.
In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.
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