Nissan Motor Co. forecast an operating profit well above consensus estimates, an early indication that cost-cutting measures are helping to alleviate the carmaker’s cash-strapped financial position.
Munich Re said it has investments of as much as €2.5 billion ($2.9 billion) in private credit, an asset class that has been facing fund redemptions and scrutiny of underwriting standards.
A Colorado private school has tapped the debt markets for $27 million to fund campus upgrades while offering discounts on tuition as part of a turnaround plan.
HSBC Holdings Plc has carried out a “thorough review” of a $400 million fraud-related provision in its latest earnings and is updating its risk appetite, according to Chairman Brendan Nelson.
Worries in the private credit market stem from retail-driven liquidity problems rather than the health of the underlining portfolio, according to Frank Kwok, Chief Financial Officer at Macquarie Group Ltd.
CVS Health Corp. raised its earnings outlook for the year after profit and revenue in the first quarter exceeded analyst expectations, the latest in a string of positive reports from US health conglomerates.
Volkswagen AG’s Audi warned that US President Donald Trump’s push for higher tariffs on European cars may weigh on its financial performance this year.
Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.
