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Cathay Pacific turns to old playbook for virus crisis amid employee resistance

Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests......»»

Category: topSource: reutersFeb 14th, 2020

Cathay Pacific asks employees to take unpaid leave as virus hits demand

Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a fall in demand caused by a virus outbreak, the company said on Wednesday......»»

Category: topSource: reutersFeb 5th, 2020

Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic

Hong Kong's Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as it grapples with a sharp fall in demand due to the coronovirus epidemic, its CEO said on Tuesday......»»

Category: topSource: reutersFeb 4th, 2020

"Significant threat" to Chinese economic growth amid virus outbreak

Asia Pacific markets suffer heavy losses as death toll rises, with Chinese index closed until 3 February.....»»

Category: topSource: moneycentralJan 28th, 2020

Cathay says cabin crew can wear masks on mainland China flights due to virus

Hong Kong's Cathay Pacific Airways Ltd will allow cabin crew to wear a surgical mask while operating mainland China flights due to concerns over a new coronavirus, and passengers to Wuhan to change or cancel flights without charge through Feb. 15......»»

Category: topSource: reutersJan 22nd, 2020

Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrest

Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong......»»

Category: topSource: reutersOct 18th, 2019

Cathay Pacific freezes new hiring, to focus on cost cuts: memo

Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city......»»

Category: topSource: reutersSep 12th, 2019

Cathay Pacific CEO resigns amid Beijing pressure

It came after the firing of two Cathay Pacific pilots previously suspended for their role in the Hong Kong protests......»»

Category: topSource: washpostAug 16th, 2019

Cathay Pacific CEO Resigns Amid Pressure From Beijing Over Hong Kong Protests

The Hong Kong carrier faced pressure over employees' participation in protests (HONG KONG) — The CEO of Cathay Pacific Airways has resigned following pressure by Beijing .....»»

Category: topSource: timeAug 16th, 2019

Cathay Pacific Airways CEO resigns amid mounting Chinese scrutiny

Cathay Pacific Airways said CEO Rupert Hogg had resigned and named Augustus Tang as the new chief following a week of scrutiny by the Chinese aviation regulator......»»

Category: topSource: moneycentralAug 16th, 2019

Cathay Pacific Airways CEO resigns amid mounting Chinese scrutiny

Cathay Pacific Airways said CEO Rupert Hogg had resigned and named Augustus Tang as the new chief following a week of scrutiny by the Chinese aviation regulator......»»

Category: topSource: moneycentralAug 16th, 2019

Cathay Pacific hit by Hong Kong protest links

Cathay Pacific shares slumped Monday amid signs the Hong Kong airline is struggling to avoid being dragged into the city's political unrest. Julian Satterthwaite reports......»»

Category: topSource: moneycentralAug 12th, 2019

Cathay Pacific forward bookings drop amid Hong Kong protests

Cathay Pacific is facing a decline in forward bookings for travel to Hong Kong "in the region of double digits" due to widespread protests in the Asian financial centre, a senior company executive said on Wednesday. David Pollard reports......»»

Category: videoSource: reutersAug 7th, 2019

Trump"s UK visit turns to Brexit, Huawei amid London protests

On day two of a state visit to the UK, Donald Trump looks set to plunge into Britain's Brexit crisis, and is also likely to demand that Prime Minister Theresa May's successor ban China's Huawei from 5G networks. Mia Womersley reports.....»»

Category: videoSource: reutersJun 4th, 2019

Cathay Pacific executives grilled over data breach "crisis"

Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident......»»

Category: topSource: reutersNov 14th, 2018

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance EUR/USD managed to fall sharply yesterday, amid a burgeoning fiscal crisis in France. Interestingly, we saw the price respect the descending trendline that seemed to be negated on .....»»

Category: topSource: livetradingnewsDec 13th, 2018

China firms in $10 billion share sale rush as funding rules eased amid virus worries

Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus......»»

Category: topSource: reuters17 min. ago

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis......»»

Category: topSource: reuters3 hr. 17 min. ago

Amid demand plummets linked to the coronavirus, airlines project that this could be their worst year since the global financial crisis

Athit Perawongmetha/Reuters The coronavirus could cause the global airline industry to shrink for the first time since the global financial crisis of 2008 and 2009, an industry trade group warned on Thursday. .....»»

Category: topSource: businessinsider11 hr. 16 min. ago

JPMorgan hosts 200 virtual meetings in two days amid virus scare

Global banks are coming up with alternatives to keep business moving in Greater China, with clients in the midst of the world’s largest work-from-home experiment to contain the spread of the deadly... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork14 hr. 31 min. ago

Leidos turns to debt consolidation after big Q4

Leidos Holdings Inc. (NYSE: LDOS) closed its fourth quarter Tuesday amid big purchases and big contract wins.  The Reston contractor post $2.95 billion in fourth quarter revenue, an 11.6% gain over the prior year, beating high estimates of $2.87 .....»»

Category: topSource: bizjournalsFeb 18th, 2020