Moody's: * MOODY'S SAYS NO-DEAL BREXIT COULD BE MORE NEGATIVE ON UK AUTOMAKERS' CREDIT QUALITY THAN COVID-19. * MOODY'S SAYS POTENTIAL TARIFFS POSE FURTHER CHALLENGES FOR UK AUTOMAKERS TRYING TO RESTORE CREDIT QUALITY AND RATIOS. * MOODY'S SAYS IMMEDIATE DISRUPTIONS AND ADDITIONAL COSTS ARE EXPECTED FOR UK AUTOMAKERS AS THEY EXECUTE THEIR NO-DEAL BREXIT CONTINGENCY PLANS Source text for Eikon:
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.
Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.
The Canadian government is very aware of the challenges facing airlines and the travel sector during the coronavirus pandemic and is working on possible aid, Finance Minister Chrystia Freeland said on Tuesday. Freeland said she had spoken to the heads of Canada's major airlines and unions last week but did not give details.
* MOODY'S SAYS U.S. RESTAURANT INDUSTRY OUTLOOK MOVED TO STABLE AS CONSUMERS GRADUALLY RETURN TO DINING OUT, RESTRICTIONS SLOWLY EASE. * MOODY'S SAYS STABLE OUTLOOK FOR U.S. RESTAURANT INDUSTRY REFLECTS SLOWLY IMPROVING BUSINESS CONDITIONS OVER NEXT 12 TO 18 MONTHS.
- Wall Street expects U.S. automakers to report strong results for the third quarter, as a recovery in sales after this year's initial coronavirus lockdowns tightens inventory for an industry watching cases in Europe and the United States rise.
U.S. homebuilding rebounded in September as the housing market continued to be the star of the economic recovery, driven by record-low interest rates and a migration to the suburbs and low-density areas in search of more room for home offices and schooling. Housing starts increased 1.9% to a seasonally adjusted annual rate of 1.415 million units last month, the Commerce Department said on Tuesday.
Botswana's economy will rebound and grow 7.7% in 2021 from a 8.9% contraction forecast this year, on the back of improved sentiment in the global diamond industry, the finance minister said on Tuesday. Botswana's economy shrank by 24% in the second quarter of 2020 as coronavirus lockdowns at home and abroad slowed domestic economic activity and severely constrained diamond sales.
The world will have a smaller airline industry as a result of the coronavirus crisis with many privately funded carriers set to go under and governments throwing "good money after bad" to keep national champions afloat, Wizz Air's CEO said.
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